Adoption of the programme SME initiative in FinlandMay 27, 2016
Hat: Finland adopts the SME initiative, it will allow start-ups and small businesses to have an easier access to funding.
Funding Scheme: 2016-05-27
Pgm2014 2020: Yes
The 26th of May, the European Commission adopted the SME initiative programme, worth 40 million euro, in Finland, it will allow start-ups and small businesses to have an easier access to funding.
The 26th of May, the European Commission adopted the SME initiative programme in Finland, worth 40 million euro, with 20 million euro from the European Regional Development Fund and 20 million euro from the national budget. The SME initiative aims to boost the competitiveness of small businesses through better access to finance. The programme provides guarantees to financial intermediaries that give loans to SMEs. The goal is to unlock 360 million of loans for Finnish businesses with the leverage effect.
The SME initiative is part of a broader ambition of the Commission and the European Investment Banks Group to encourage Member States to double the amount of European Structural and Investment Funds through financial instruments, in line with the objectives of the Investment Plan for Europe.
Url description: Press room - European Commission