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InnovFin MidCap Guarantee (MCG) enables the EIB to provide a 50% guarantee, which is expected to provide regulatory capital release, on a portfolio (max EUR 400m) of new loans granted by Financial Intermediaries (FIs) to innovative businesses with less than 3 000 employees at group level.

Description:

InnovFin MidCap Guarantee (MCG) enables the EIB to provide a 50% guarantee. This instrument helps address sub-optimal investment situations stemming from poor prospects within firms or other entities for the creation or commercialisation of products or services of societal importance or that constitute a public good. Means – Risk sharing instrument covering credit losses (principal and interest) on the portfolio – Guarantee payment upon default, pro-rata sharing of recoveries –…For more information, please connect.

Amount:

Up to 50 million euro

Beneficiaries: SMEs

Sectors: Economy - Finances, Industry, Innovation, New technologies, Research, SME Policy

Regions: Balkans, Candidate countries, European Economic Area, European Union, Mediterranean countries, New Independant States

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