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Friday, June 23, 2017

Juncker Plan: 50 million euro for Italian social SMEs

Employment, Social Affairs, Local development, Services, New technologies, Economy - Finances, SME Policy,-,

News The European Investment Fund (EIF) and Banca Popolare Etica (BPE) have signed the first Social Entrepreneurship guarantee agreement in Italy under the EU Programme for Employment and Social Innovation (EaSI) that will allow the italian bank to provide 50 million euro of loans to both Spanish and Italian innovative social companies.

Social enterprises including those employing people with disabilities, people who have been long-term unemployed, migrants and asylum seekers, will be able to benefit from loans at a reduced interest rate, with reduced collateral requirements, under the EU supported programme. 

Source :  EIB website


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