What we do
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Pan-European Venture Capital Fund(s)-of-Funds programme
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
AGRI Guarantee Facility
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Asset Management Umbrella Fund (AMUF)
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Baltic Innovation Fund (BIF)
Central Europe Fund of Funds (CEFoF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
EAFRD FoF Romania
European Recovery Programme (ERP)
ERP-EIF Co-Investment Growth Facility
Competitiveness Fund-of-Funds for SMEs in Romania
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
ESIF Fund-of-Funds Greece
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
JEREMIE
LfA-EIF Facility
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility II (WB EDIF II)

eif ue logos

WB EDIF is an EU funded initiative which aims at increasing the financial resources made available to SMEs based in the Western Balkans, as well as support services for private sector development, to support socio-economic development and EU accession across the Region.

WB EDIF was launched in December 2012 by the European Commission, the EIF, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), acting as co-lead international financial institutions.

The EUR 145 million of initial capital pulled together under WB EDIF may translate into about EUR 300 million of finance benefitting SMEs based in the Western Balkan countries.

What is WB EDIF’s geographical reach?

WB EDIF targets SMEs based in Albania, Bosnia and Herzegovina, Croatia, Kosovo*, former Yugoslav Republic of Macedonia, Montenegro and Serbia.

How does WB EDIF work?

WB EDIF does not support entrepreneurs directly but provides funding to local financial intermediaries via debt and equity products as well as support services  - e.g. venture capital funds, guarantee schemes including mutual guarantee organisations, micro-finance institutions and any other financial institution providing finance to SMEs established and operating in one or several of the Western Balkan countries mentioned above.

Western Balkans Enterprise Development & Innovation Facility

WB EDIF, which is coordinated by the European Investment Fund (EIF), consists of four pillars:

  1. WB EDIF Guarantee Facility (WB EDIF GF)
    Launched in 2013, the WB EDIF guarantee Facility instrument has undergone two rounds of financing ( GF I and GF II) and was greeted with high demand from the market, leading to the full allocation of the resources. The WB EDIF Guarantee Facility provides guarantees to eligible Financial Intermediaries established and operating in one or several Western Balkan countries to encourage them to build up new portfolios of SME transactions and thereby improving access to finance to SMEs in the Western Balkans countries.

    Financial intermediaries were selected on the basis of a Call for Expression of Interest process, which closed on 30.06.2014.
    Financial intermediaries under the GF II were selected on the basis of a Call for Expression of interest process which closed on 27.02.2017. Although the original closing date was set for 31 December 2017, the available budgetary resources have been exhausted and therefore the call has been closed accordingly.

    WB EDIF Guarantee Facility – Serbia Window (WB EDIF GF Serbia)
    Following the success of the initial implementation of the WB EDIF GF and WB EDIF GF II, a dedicated window is now open focusing on SMEs in Serbia. In line with the initial two facilities, GF Serbia will provide guarantees to eligible Financial Intermediaries established and operating in Serbia to encourage them to build up new portfolios of SME transactions and thereby improving access to finance to SMEs in Serbia.

    How to apply to the WB EDIF GF Serbia

    Eligible Financial Intermediaries can apply to this instrument by downloading the application documents provided hereunder. The deadline by which to apply is 31 December 2019. EIF will select intermediaries after a due diligence process.
    Call for Expression of Interest
    Annex I – Expression of Interest
    Annex II – Indicative Guarantee Term Sheet
    Data inputs - Information Requirements
    Terms of confidentiality


  2. Enterprise Innovation Fund (ENIF)
    ENIF supports innovative SMEs in the Western Balkans in their early and expansion stage by providing equity finance through local funds management companies.

    Eligible Fund Managers were selected on the basis of a Call of Expression of Interest process which closed on 14.06.2013. South Central Ventures was awarded with the role of ENIF Fund Manager as a result of this process.

  3. Enterprise Expansion Fund (ENEF)
    Managed and advised by EBRD, ENEF supports the expansion of SMEs with a high-growth potential established in the Western Balkans.
  4. Support Services Facility
    Governments of the Western Balkan countries can obtain technical assistance under WB EDIF to implement policy reforms in order to create a favourable regulatory environment to benefit innovative and high-growth SMEs in the region.

For further information about WB EDIF, please visit www.wbedif.eu

*Kosovo: this designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo Declaration of Independence)

For SMEs :


 
 

Copyright ©

 European Investment Fund 2017 – The European Investment Fund is not responsible for the content of external internet sites.