New financial support for European SMEsNovember 27, 2019
Hat: New financial support for European SMEs
Funding Scheme: 2019-11-27
Pgm2014 2020: Yes
European SMEs will benefit from an additional 100 million euro thanks to the support provided by the European Investment Fund through the October lending platform.
These resources, supported by the Investment Plan for Europe or Juncker Plan, will enable the October platform to finance SMEs with new loans ranging from €30,000 to €5 million in all sectors in France, Spain, Italy, the Netherlands and Germany.
In November 2019, the Juncker plan has already mobilised 450.6 billion euros of investment throughout Europe, including 74.4 billion in France, 49.5 billion in Spain, 68.8 billion in Italy, 13 billion in the Netherlands and 32.4 billion in Germany, and has supported over one million SMEs. Investments supported by the Juncker plan increased the EU’s GDP by 0.9% and created 1.1 million jobs compared to the initial scenario. By 2022, the Juncker plan will have increased the EU’s GDP by 1.8% and created 1.7 million jobs.
Url description: European Commission - Press release