Investment down, but new energy up

Venture capitalist firms tightened their belts in a tough 2007, with investments across Europe falling 6.6 per cent on the previous year. But, according to data from analyst Library House, quarterly investment in Cleantech companies surged past €200 million (£149 million).

Insolvencies are set to hit hard this year as borrowing costs rise and all lenders reign in their risk profiles. According to some, smaller companies are likely to be affected the worst. Paris-based credit insurance and management firm Euler Hermes stated that European insolvencies are set to jump 8.3 per cent to 13,492.