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  • European Investment Fund, EIF logo

€6m investment plan to help cultural and creative SMEs in Estonia, Latvia, Lithuania, and Finland

More financial support will be available for small and medium enterprises (SMEs) from the cultural and creative sectors in Estonia, Latvia, Lithuania, and Finland as a result of a new finance deal. A €6 million guarantee from the European Investment Fund (EIF) to Estonian lender Finora Capital, means businesses in the four countries will have access to more affordable loans. The deal has been brokered...Read more
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  • Bulgaria European Union flags

€10m finance package to help Bulgarian cultural and creative SMEs hit by pandemic

The European Commission has agreed a €10 million finance package to help Bulgarian small and medium-sized enterprises (SMEs) and small public enterprises in the cultural and creative sectors that have been hit by the COVID-19 pandemic. The European Investment Fund (EIF) and Raiffeisenbank (Bulgaria) EAD have signed a guarantee agreement enabling the bank to increase its lending capacity to affected...Read more
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EIF and Raiffeisen Bank sign €12m guarantee agreement to support SMEs in Bosnia and Herzegovina

The European Investment Fund (EIF) and Raiffeisen Bank have signed a guarantee agreement allowing the bank to increase its lending capacity to offer €12 million of new financing with better terms and conditions to small and medium-sized enterprises (SMEs) in Bosnia and Herzegovina. The EIF guarantee is provided to Raiffeisen bank under the COSME Loan Guarantee Facility, as part of its COVID-19 economic...Read more
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‘Primo Space' has lift-off: First Italian fund to invest in space economy

The European Investment Fund is investing €30 million into ‘Primo Space', an early-stage Italian venture fund focused on space start-ups. The financing is backed by the Investment Plan for Europe , Horizon 2020 - the European Commission's Framework Programme for Research and Innovation - and the new InnovFin Space Equity Pilot. Primo Space will invest in technology spin-offs, start-ups and SMEs, and will...Read more
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The European Investment Fund developed a map showing SMEs supported by the European Union

This map indicates the location of small and medium-sized enterprises (SMEs) that have benefited from EU financial support through EIF-managed financial instruments. The map is indicative and based on reports received from financial intermediaries. As grants and subsidies are not within EIF’s remit, beneficiaries in those fields have not been included in this map. EIF is not in a position to assume any...Read more
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Creative Europe - A new financial instrument for SMEs

The Creative Europe Programme (2014-2020) of the European Commission has earmarked EUR 121 million to a financial mechanism acting as insurance to financial intermediaries. This programme offers financing to CCS initiatives to improve SMEs' access to financial products and stimulate the offer of financial intermediaries (e.g. banks). The expected leverage effect will provide over EUR 600 million in loans...Read more
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