Algeria
Egypt
Israel
Jordan
Lebanon
Libya
Morocco
Palestine *
Syria *
TunisiaInnovFin SME Guarantee Facility
Countries covered:
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Algeria
-
Egypt
-
Israel
-
Jordan
-
Lebanon
-
Libya
-
Morocco
-
Palestine *
-
Syria *
-
Tunisia
Brief Description
InnovFin SME Guarantee is a guarantee or counter-guarantee on debt financing that the European Investment Fund (EIF) provides to financial intermediaries in order to improve access to finance for innovative Small and Medium-sized Enterprises (SMEs) and Small Mid-caps (enterprises with up to 499 employees).
Objectives
Thanks to the InnovFin SME Guarantee, financial intermediaries – i.e. banks and other lending institutions, guarantee schemes or debt funds which are selected by the EIF can provide debt financing on favourable terms to innovative SMEs and Small Mid-caps in EU Member States and Associated Countries. InnovFin SME Guarantee is part of the “InnovFin – EU Finance for Innovators” programme which is a joint European Investment Bank (EIB) Group and European Commission (EC) initiative under Horizon 2020, the EU framework for Research and Innovation (R&I) 2014-2020.
InnovFin – EU Finance for Innovators offers a range of tailored financing products and advisory services to companies of different sizes ranging from SMEs to large corporations and other entities.
