Polish innovative SMEs will benefit from the European Investment Fund (EIF)

May 28, 2018

Hat: Polish innovative SMEs will benefit from the European Investment Fund (EIF)

Funding Scheme: 2018-05-28

Pgm2014 2020: Yes

Amorce:

The Juncker Plan agreement between the European Investment Fund and CVI Dom Maklerski will allow to provide an additional 200 million euro in financing SMEs in Poland. 

Text:

The European Investment Fund (EIF) and Polish financial intermediary CVI Dom Maklerski have signed a guarantee agreement for a 200 million euro portfolio of bonds to innovative Polish companies. CVI works together with Open Finance Corporate Bonds Fund (OFCBF), a closed-end fund co-managed by CVI and Noble Funds TFI. Thanks to this EU support, CVI and OFCBF will purchase new bonds from innovative SMEs and small mid-caps at favourable terms.

This transaction is expected to benefit up to 60 Polish businesses, helping them to grow and improve their capital flows, and it could be a real investment injection for companies and could encourage other domestic financial institutions to become more involved in this field.

Url description: Press room - European Commission

Url: https://ec.europa.eu/commission/news/juncker-plan-additional-eu200-million-innovative-smes-and-small-mid-caps-poland-2018-may-28_en