Monday, November 7, 2016, 13:24
The European Commission (EC) announced an agreement on Monday between the European Fund for Strategic Investments (FEIE) and the risk fund of Inveray Venture Finance to offer guarantees worth 10 million euros to Spanish emerging companies (startups) with technological projects.
The agreement will make it possible to offer a total of 10 million euros in loans in the coming two years, which means that the second agreement between the FEIE and this Spanish fund after that was signed in February, worth 6.6 million euros for Spanish SMEs.
The commissioner for employment, growth, investments and competitiveness, Jyrki Katainen, has confirmed that this first agreement has been “a success” and this new launch has permitted.
“The investment plan is intended to cover a lagoon on the market, which gives access to financial companies that are not sufficiently soluble to obtain a conventional bank loan,” he explained.
De Feie, also known as ‘Juncker Plan’, started a budget of 21,000 million euros in 2014 and has already mobilized 116,000 million investments in 26 Member States and has benefited more than 200,000 SMEs.
In his speech for the European Parliament (PE) about the state of the Union, Juncker explained last September that he would double the financial capacity of this plan, with the aim of achieving at least 500,000 million euros from here to 2020 and trying to mobilize 630,000 million in 2022.
