Introduction
The JEREMIE initiative is a framework providing a series of coherent actions to promote increased access to finance for micro, small and medium-sized enterprises.
The JEREMIE initiative in Romania is organised through the European Investment Fund (hereinafter, “EIF”) acting through the JEREMIE Holding Fund (hereinafter, “JHF”). Through the JHF, the EIF manages funds made available from the European Regional Development Fund (hereinafter, “ERDF”) and related public expenditure awarded for utilisation under the JEREMIE initiative.
As part of the Sectoral Operational Programme “Increase of Economic Competitiveness” 2007-2013 (hereinafter, “SOP IEC”) , the Government of Romania has agreed to dedicate resources to the implementation of the JEREMIE initiative with the EIF, in accordance with Article 44 of the Council Regulation (EC) No. 1083/2006 (hereinafter, “Reg. 1083/2006”) and in accordance with the provisions of the Funding Agreement entered into on 18 February 2008 between the Government of Romania (hereinafter, “GoR”) and the EIF (hereinafter, “Funding Agreement”). Relevant rules for implementing Reg. 1083/2006 are set out in the Commission Regulation (EC) No. 1828/2006 (hereinafter, “Reg. 1828/2006”).
The cooperation between the GoR and the EIF acting through the JHF is governed by the Funding Agreement, which defines the type of cooperation and the operational modalities of the JHF financing expenditure in respect of an operation, as this term is defined in Reg. 1083/2006 (hereinafter, “Operation”) comprising contributions to support financial engineering instruments. The EIF acting through the JHF is advised by an Investment Board, the members of which are nominated by the GoR (hereinafter, “Investment Board”). EIF in its capacity acting through the JHF acts on the basis of its usual business principles and of an investment strategy and planning for the implementation of the JEREMIE initiative in Romania.
JEREMIE initiative is funded from the SOP IEC; Priority Axis 1 “An innovative and eco-efficient productive system”; Key Area of Intervention 1.2 “Access to finance for SMEs”.
This Call for Expression of Interest targets financial engineering instruments referred to in Article 44 of Reg. 1083/2006 and is addressed to bodies or firms, whether public or private, which are interested in receiving resources out of the JHF for the activities in respect of Operations (hereinafter “Financial Intermediaries”). Such activities shall be carried out in accordance with the contractual agreements to be entered into by the JHF and the selected Financial Intermediaries (hereinafter, “Operational Agreement(s)”).
The Financial Intermediaries should express their interest by completing and submitting an Expression of Interest, a template of which is attached hereto as Annex 1.
We use cookies to give the best browser experience on our website. or change cookie settings.
Copyright ©
European Investment Fund – The European Investment Fund is not responsible for the content of external internet sites.