What we do
Equity products
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
Pan-European Venture Capital Fund(s)-of-Funds programme
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
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
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME 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
Asset Management Umbrella Fund (AMUF)
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee 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
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund (BIF)
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)
EAFRD FoF Romania
European Recovery Programme (ERP)
ERP-EIF Co-Investment Growth Facility
INAF – French National Agricultural Initiative
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
ESIF Fund-of-Funds Greece
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
LfA-EIF Facility
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)
Croatian Growth Investment Programme (CROGIP)

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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