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Thursday, March 31, 2016

€150 million for SMEs in Finland, Estonia, Latvia and Lithuania

Economy - Finances, SME Policy,-,

News The European investment fund covers a part of the loans, leases and guarantees and allow the provision of more debt financing to innovative SMEs and Small Mid-caps.

This InnovFin agreement signed in Finland will provide €150 million in loans to innovative small and medium sized businesses, not only in Finland but also in the Baltic states over the next two years.

According to Jyrki Katainen, European Commission Vice-President, responsible for Jobs, Growth, Investment and Competitiveness, the support of the Investment Plan will help SMEs in the Baltic states grow their businesses and create more jobs locally.

Source :  Press room - European Commission


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