Prêt Participatif Région Grand Est | Access to finance

The Prêt Participatif Région Grand Est (PPGE) is a €60 million financial instrument launched by the Region Grand Est in collaboration with the European Investment Fund (EIF). Fully funded by the Region, it provides subordinated loans to support local SMEs impacted by the COVID-19 crisis. As part of the Region’s Business Act recovery programme, the PPGE aims to unlock up to €240 million in new investments, improving access to finance under favourable conditions. By reinforcing the capital structure of micro and small enterprises, the initiative strengthens competitiveness, resilience, and sustainable growth across the Grand Est region.

Selected financial intermediaries

Caisse d'Epargne

Crédit Agricole

Banque Populaire

Our testimonials

Discover some of the successful stories from the Region Grand Est. Click through the cards and listen to the podcasts.

1

Groupe vosgien d'hotellerie

A company offering a wide range of hotels — from budget Formule 1 establishments to Mercure star-rated hotels, including Ibis hotels. Thanks to the Banque Populaire ALC, the company received support thanks to the PPGE.

2

Cellier de Muhlbach

The company Cellier de Mulhbach – a firm specialising in the trade of materials for viticulture, received support through the partnership with Crédit Agricole.

3

Claude Sturni, Vice-President of the Region Grand Est

Claude Sturni shares his views on the PPGE agreement and its impact on the region.

4

Verrissima

Testimonial from the company Verrissima – Glass processing for construction professionals who received support through EIF's partnership with Caisse d’Epargne GEE.

The following summary is only indicative. For full information please refer to the Call documents below.

Product details

Compare with other guarantees

Application deadline

01/08/2022closed

Country or region

Region Grand-Est (France)

Focus

innovation competitiveness

The PPGE - Grand Est mandate is a decentralised financial instrument funded entirely by the Region’s own resources, totalling EUR 60 million. It is designed to support SMEs in the Region Grand Est through subordinated loans (prêts participatifs), replicating successful capped guarantee schemes used in other French regions. The instrument is part of the Region’s Business Act recovery programme and aims to address the economic impact of the COVID-19 crisis.

Objective

The mandate’s primary objective is to unlock EUR 240 million in new investments for SMEs affected by the crisis, improving their access to finance under preferential conditions. It aims to strengthen competitiveness and growth in the region by supporting viable investment projects. The instrument targets micro and small enterprises, complementing national programmes focused on larger firms.

Guarantee terms

Benefits for recipients

Reduction of interest rate

Reduction of collateral requirements

Financing at longer maturity

Increase financing volume

Support very small SMEs

Type of instruments

Direct guarantee

Max (counter-)guarantee rate

80%

Max cap rate

20%

Guarantee fee

Consistency with state aid

Lending features

Type of financial intermediary

Financial institutions (cooperative, commercial banks, NPIs)

Micro-credit institution

Target final recipients

SMEs

Maximum debt principal amount

€500.000 i

Debt financing maturity range

12 months+ i

Growth stage

All stages

How to apply

The call closed on 1 August 2022, therefore we are not accepting further applications from financial intermediaries.

The Eligibility Period is up to 31 December 2026.

PPGE – Prêt Participatif Région Grand Est

Mandator

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