What we do
Public consultation on the EIB Group's Environmental and Social Sustainability Framework - informational webinars
Public consultation on the EIB Group's Environmental and Social Sustainability Framework
The EIF in 2020
Coronavirus: The EIB Group’s initiatives to address its economic consequences
Pan-European Guarantee Fund – EGF
Sustainable Development Umbrella Fund
SDUF Health Compartment
Equity products
AI Co-Investment Facility
Climate & Infrastructure Funds
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
VentureEU
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
InnovFin SME Guarantee Facility
COSME - Loan Guarantee Facility
Documentary Finance Facility – Bulgaria
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
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded 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
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
Central and Eastern European Technology Transfer (CEETT)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
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
InvestBG Equity Instrument
JEREMIE
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
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 (WB EDIF)
EAFRD FoF Greece

How EFSI benefits SMEs in Europe - BPCE Group case study: Gécos (France), consulting company

image

Gécos is a consulting company specialised in providing solutions to service stations, fuel depots and car-washing facilities. Cédric Lecina, Gécos’ managing director, explains that “We are not only dealing with the (re)construction or creation of a gas station; we also deal with the refurbishment and modernisation, and we ensure the compliance of all sites with legal requirements.”

In the course of his company’s development, Cedric recalls that their growth hit a wall: “We were too dependent of certain clients of ours, and we wanted to adopt a more societal and environmental approach in the company’s work.” In these efforts to achieve diversification and position the company on the compressed natural gas market, as well as on the liquefied natural gas one – which has the advantage of being better in terms of impact on the environment, climate and health – Cédric found himself both short of staff and lacking the financial capacity to support his company’s re-positioning.

“In early 2016, I was not aware of the possibility of obtaining a loan supported by the EU. We even had to abandon certain projects at the beginning of the year because we did not have the internal capacity to finance ourselves!” In the summer of 2016, Cédric turned to the French bank Groupe BPCE in search of a solution. BPCE offered him a loan backed by EIF under the Investment Plan for Europe.

This EU initiative, which aims at generating new investments in Europe through the support of small and medium-sized enterprises that are not able to obtain financing solutions otherwise – like Gécos – has really helped Cédric in financing its diversification strategy, as well as buying the necessary computer equipment: “This loan was a life-saver for my company. Without this loan, we would have needed to slow down, delay or even completely stop our growth, and we would have not been able to keep up with the rhythm the markets were imposing upon us.”

Headquartered in Toulouse, Gécos has gradually been opening several other branches all over France, notably in Bordeaux, Marseille, Nantes, Paris and Dijon, but has also invested in other European markets by creating a subsidiary in Romania. This impressive growth has led to the creation of 10 new positions in the course of 2015 and 2016. With the new EU-guaranteed loan, Cédric is planning to double that number by 2017, in order to support the many projects the company is tasked with: “In France, we work with all the fuel suppliers except one, and with almost all the large retailers. We have also started to invest a lot in innovation projects.”

Company: Gécos (France)

Type of business: Consulting company

EIF financing: InnovFin SMEG, EFSI

Financial intermediary: BPCE Group

For further information about EIF intermediaries in France, please refer to: http://www.eif.org/what_we_do/where/fr

 

We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

 
 

Copyright ©

 European Investment Fund 2021 – The European Investment Fund is not responsible for the content of external internet sites.