What we do
Institutional investors
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VentureEU
EFSI Equity instrument
Single EU Equity Financial Instrument
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EIF-NPI Equity Platform
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New ESIF ERDF Guarantee Fund initiative in Greece
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Inclusive finance
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How does EIF contribute to EFSI
How to apply for EFSI financing
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FAIRE - La Réunion
Auvergne Rhône-Alpes FEADER
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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
Central and Eastern European Technology Transfer (CEETT)
Croatian Growth Investment Programme (CROGIP) II
Croatian Growth Investment Programme (CROGIP)
Croatian Venture Capital Initiative 2 (CVCi 2)
AGRI Italy Platform Uncapped Guarantee Instrument
DISPOSITIF INSTRUMENTS FINANCIERS BOURGOGNE FRANCHE-COMTÉ
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
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
EU4Business Capped Guarantee
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
Call for Expression of Interest for FOSTER II
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE
Romania Recovery Equity Fund of Funds
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund 1 (LFF)
Luxembourg Future Fund 2
Mezzanine 'Fund of Fund' for Germany (MDD)
NEOTEC resources
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
Irish Innovation Seed Fund (IISF)
RRF Czech Republic Fund of Funds

Greater Anatolia Guarantee Facility (GAGF)

A Financial Instrument Blending Public and Private Resources

The Greater Anatolia Guarantee Facility (GAGF) was launched in 2010 as an EIB Group product in partnership with the Republic of Turkey and the EU Commission to enhance access to finance to SMEs and micro-enterprises in the less developed regions of Turkey.

GAGF map

Based on successful results achieved, the budget of GAGF was first increased in December 2012. The continuation of its success landed its second budget increase two years later, in December 2014. GAGF now has a total budget of EUR 61.4 million from the Instrument for Pre-Accession Assistance (IPA) allocated to Regional Competitiveness Operational Programme, supported by the EU (85%) and Republic of Turkey (15%), combined with EUR 450 million of long-term lending from the European Investment Bank (EIB). The Contracting Authority of this project is the Ministry of Science, Industry and Technology - DG for EU and Foreign Affairs - Directorate of EU and Financial Programmes, and the End Recipient is the DG Internal Trade of the Ministry of Customs and Trade.

GAGF is expected to reach EUR 112.5 million of micro-loans and EUR 900 million of loans to the benefit of micro-enterprises and SMEs by 2017. As of June 2015, more than 1,800 micro-enterprises and more than 9,000 SMEs benefitted from this collaboration.

Under GAGF, EIF provides portfolio guarantees and EIB provides loans for SMEs through Halkbank and Vakifbank. EIF also provides a counter-guarantee to Kredi Garanti Fonu (KGF) of Turkey to issue guarantees to micro-loans. SME access to finance components are complemented by a capacity building component targeted at the partner banks, KGF and DG Internal Trade of the Ministry of Customs and Trade.


GAGF logos

For SMEs:
Are you looking for finance? Please contact the list of financial intermediaries currently operating under GAGF at http://www.eif.org/what_we_do/where/tr/index.htm For information about finance available under further EU initiatives, please visit http://europa.eu/youreurope/business/funding-grants/access-to-finance/

 

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