
Article 1 
The aid which the United Kingdom is planning to implement in the form of a grant of GBP 3 million in favour of Investbx is compatible with the common market within the meaning of Article 87(3)(c) of the Treaty.
Implementation of the aid is accordingly authorised.
Article 2 
The United Kingdom shall submit an annual report on the implementation of the aid, which will include the following elements:

— the number of SMEs for which capital was raised,
— the volume of capital raised for each SME,
— the volume of investment capital raised per type of investor, and
— financial accounts.
At the end of the fifth year after setting up Investbx the United Kingdom shall inform the Commission whether Investbx was sold successfully to private investors through a public open and non-discriminatory tender process or whether it was closed down.
Article 3 
This Decision is addressed to the United Kingdom of Great Britain and Northern Ireland.
Done at Brussels, 20 December 2006.
For the Commission
Neelie KROES
Member of the Commission