First EaSI funded loan agreement in Romania to finance the micro-agro sector
- Release date: 13 July 2020
The European Investment Fund (EIF) and the European Union today announced the first EaSI loan transaction in Romania, worth €7.3 million in local currency equivalent. The loan will allow Agricover, the only specialised financial services provider for farmers on the Romanian market, to increase its outreach in the micro-agro sector. Agricover plays an instrumental role in the local economy by enhancing farmers’ access to various loan products.
EU support for New Nordic Life Science Venture Fund, Eir Ventures
- Release date: 10 July 2020
Eir Ventures, a Nordic Life Science Venture Fund, today announced a first close of its new Fund of EUR 76 million. Eir Ventures will invest in innovative companies with products and technologies that address significant unmet medical needs and have the potential to improve the life of patients. The fund is launched with, among other investors, a EUR 20 million investment from the European Investment Fund (EIF), made possible under the European Fund for Strategic Investments, main pillar of the ...
European support for first close of Forbion Growth Opportunities Fund
- Release date: 09 July 2020
Forbion, a leading European life sciences venture capital firm, today announces the first close at EUR 185 million (USD 208 million) of its new Forbion Growth Opportunities Fund (“Forbion Growth"), focused on investing in late-stage European life sciences companies. The first close was reached with a EUR 35 million investment from the EIF, backed by the European Fund for Strategic Investments (EFSI). The EFSI is the main pillar of the Investment Plan for Europe, which recently ...
EIB Group and Bank of Georgia join forces to support businesses in Georgia to better deal with the consequences of the COVID-19 crisis
- Release date: 07 July 2020
The European Investment Bank Group (consisting of EIB and EIF) and Bank of Georgia have signed a guarantee agreement of up to €60 million backed by the InnovFin SME Guarantee Facility. The InnovFin Guarantee covers 50% of every loan disbursed by the Bank of Georgia and targets small and medium-sized enterprises and mid-caps that require investment and working capital to finance research, development and innovation activities. This operation is covered by the EU4Business ...
Investment Plan for Europe: Poland - EIB Group and Santander Bank Polska Group support new financing for Polish SMEs in response to COVID-19 crisis
- Release date: 02 July 2020
The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), has signed the third synthetic securitisation transaction with the Santander Bank Polska Group, after the first in late 2018 and the second in mid-2019.
