What we do
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
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)
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)
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
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

EIF and the Romanian Ministry of European Funds launch EUR 59.3m Competitiveness Fund-of-Funds for SMEs

  •  
    Date: 22 September 2016
image

The European Investment Fund (EIF) and Romanian Ministry of European Funds signed a Funding Agreement to establish the Competitiveness Fund-of-Funds, which will finance SMEs via several financial intermediaries with EUR 59 million with resources from the Competitiveness Operational Programme 2014-2020, co-financed through European Regional Development Fund (ERDF).

EUR 40m of the Fund of Funds will be dedicated to entrepreneurship and seed funds for innovative companies and EUR 19m will be dedicated to a portfolio risk sharing loan instrument.

The signature is a natural continuation of the successful JEREMIE initiative, through which 3 instruments were created (portfolio risk sharing loan, portfolio guarantee, equity fund). The EUR 225m JEREMIE allocation has to-date catalysed over 6,000 new loans and investments in total value over EUR 600m.

The Romanian Minister of EU Funds, Cristian Ghinea, stated: “The utilisation of financial instruments is an important step towards the future. We have to think already of the next phase when EU funds will be spent mostly as financial instruments rather than grants.”

The European Investment Fund Chief Executive, Pier Luigi Gilibert, stated: “The successful implementation of the JEREMIE initiative encouraged the continuation of our partnership with the Government of Romania in support of small and medium sized enterprises. Based on past achievements, we can now enlarge the range of financial instruments, providing business ideas the needed support to grow and innovate.”

Notes to editors:

The European Investment Fund

The European Investment Fund (EIF) is part of the European Investment Bank group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.

The Competitiveness Operational Programme

The Competitiveness Operational Programme for Romania addresses the challenges stemming from the low support for research, development and innovation and the under-developed information and communication technologies services and infrastructure. By investing in these areas, the OP aims to contribute to bolster the competitiveness of the Romanian economy. The OP benefits from a total allocation of EUR 1.58 billion, of which EUR 0.95 billion for RDI supporting economic competitiveness (including financial instruments) and EUR 0.63 billion for Information and communication technologies for a competitive digital economy.

Press contacts:

EIF: David Yormesor, tel : +352 42 66 88 346, e-mail : yormesor@eib.org 

 

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.