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Investment Plan: Green light for SME financing before the summer

Feb 17, 2015 | News

(17 February 2015) – Small and medium sized businesses across Europe could benefit from the first funds from the new European Fund for Strategic Investments (EFSI) before the summer, the EIB announced today.

Money can be made available to SMEs by the European Investment Fund (EIF), part of the EIB-Group, which will cover the risk of transactions with intermediaries providing additional finance to SMEs and small mid-caps until the main EFSI is in place, by September at the latest.

Vice-President Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: “This means that by the summer, cash-starved businesses across Europe will already be able to benefit from a new source of potential financing.”

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