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

March 30, 2016

Hat: The European Investment Fund (EIF) and Pohjola Bank have signed an InnovFin agreement in Finland, benefiting from the support of the European Fund for Strategic Investments (EFSI).

Funding Scheme: 2016-03-31

Pgm2014 2020: Yes

Amorce:

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.

Text:

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.

Url description: Press room - European Commission

Url: http://europa.eu/rapid/press-release_MEX-16-1122_en.htm