The Dispositif Instrument Financier Bourgogne Franche-Comté is a new generation Holding Fund we’ve launched in France as a result of the close collaboration with Région Bourgogne Franche-Comté.
Dispositif Instrument Financier Bourgogne Franche-Comté is the first decentralised financial instrument implemented by EIF in this region as well as the first EIF intervention under EU Funds shared management for the Programming Period 2021-2027. The mandate is fully funded by the Region through its European Regional Development Fund (ERDF) resources, contributing to address the EU policy objective for "a more competitive and smarter Europe". As such, it aims to mobilise about EUR 300 million of financing towards roughly 2,000 SMEs established or operating in that Region.
Dispositif Instrument Financier Bourgogne Franche-Comté aims to deploy two well-known and well-tested EIF standard financial instruments, to be deployed through financial intermediaries:
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A First Loss Portfolio Guarantee (FLPG) for SMEs’ loans and
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An equity co-investment instrument to strengthen SME’s equity
Dispositif Instrument Financier Bourgogne Franche-Comté complements other regional programs we currently implement in France, such as FOSTER TPE-PME-AGRI with Région Occitanie, la Financière Région Réunion, ALTER’NA with Région Nouvelle Aquitaine, and Prêt Particiatif Grand-Est.
Against this background, the EIF has published two open calls for expression of interest here below and is currently looking to select financial intermediaries that will participate in the implementation of these two financial instrument.
Mandator
Our partners
Selected financial intermediaries
The OSER
Discover OSER and how it helps French SMEs settled in the Region Bourgogne-Franche-Comté.
The following summary is only indicative. For full information please refer to the Call documents below.
Product details
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Focus
The ESIF Bourgogne Franche-Comté mandate is a EUR 50 million initiative fully funded by the Region through ERDF resources under the 2021–2027 programming period. The mandate deploys two standardised instruments, a capped portfolio guarantee and an equity co-investment tool, targeting SMEs across the region. Its core ambition is to support both innovation and competitiveness by promoting smart economic transformation and regional ICT connectivity.
Objective
The mandate aims to improve access to finance for SMEs in a region where financing conditions are below the national average. It aims to unlock EUR 277m in investments to support innovative SMEs and those with high growth potential, particularly in early development stages. By offering preferential financing, it helps SMEs maintain output and reinforce their competitive edge. It also contributes to job creation by supporting new business formation and transformation, especially in sectors linked to digitalisation and energy transition. Ultimately, the mandate seeks to catalyse a robust financial ecosystem in Bourgogne Franche-Comté through market-based instruments and EIF expertise.
Guarantee terms
Benefits for recipients
Type of instruments
Max (counter-)guarantee rate
Max cap rate
Guarantee fee
Consistency with state aid
NoLending features
Type of financial intermediary
Target final recipients
Maximum debt principal amount
€2.5m iDebt financing maturity range
Growth stage
Eligibility criteria
The Call for Expression of Interest addresses:
- For the FLPG, financial institutions that are authorised to carry out lending to final recipients established and/or operating in France, in line with the applicable legislation. For the complete set of eligibility and other criteria, please refer to the call documentation below.
- For the equity co-investment instrument, private equity / venture capital fund managers with a track-record of investments into SMEs established and/or operating in Région Bourgogne Franche-Comté.
Application closed
The call closed on 31 October 2022, therefore we are not accepting further applications from financial intermediaries.
The Eligibility Period is up to 31 December 2029.
Questions regarding the Call for Expression of Interest can be submitted here.