€40 million to over 700 SMEs in BelgiumNovember 27, 2015
Hat: €40 million to over 700 SMEs in Belgium
Funding Scheme: 2015-11-27
Pgm2014 2020: Yes
The European Investment Fund (EIF) and the Flemish investment group PMV have signed a COSME agreement in Flanders, Belgium. The agreement will allow Participatiefonds Vlaanderen, a subsidiary of PMV, to provide €40 million of loans to SMEs in Belgium over the next two years.
The agreement benefits from the support of the European Fund for Strategic Investments (EFSI) through which the Investment Plan for Europe is being deployed by the European Commission and the EIB Group.
The number of loans granted will increase significantly as a result of a guarantee from EIF under the COSME programme, with financial backing from the European Commission. The agreement will make it possible for Participatiefonds Vlaanderen to support additional financing at favourable conditions to over 700 SMEs.
Url description: europa.eu/growth