Navigation path

Login   |   Register

Advanced search Search in:    Audio    Photo    Video    Shotlist


OR









COSME agreement signing ceremony, with the participation of Ferdinando Nelli Feroci

928 views

On 22 July 2014, on behalf of the European Commission on one hand and of the European Investment Fund (EIF) on the other hand, Pierluigi Gilibert, Chief Executive of the European Investment Fund (EIF), andDaniel Calleja Crespo, Director-General of DG Enterprise and Industry of the EC, signed an agreement which will boost funding opportunities for SMEs. Thanks to the € 1,3 bn allocated in the COSME budget for SME financing, it will be possible to mobilise up to € 25 bn via leverage effects from financial intermediaries over the next seven years. The agreement paves the way for providing equity and debt financing for SMEs under the EU Competitiveness of Enterprises and SMEs (COSME) programme by the end of 2014. Following the signature of the agreement, the EIF will open call for expression of interest to which eligible financial institutions (banks, guarantee institutions, funds etc.) can apply. After a thorough due diligence process, the EIF will select financial intermediaries which can then make the new finance available to European SMEs across all sectors. COSME is the EU programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (SMEs) running from 2014 to 2020 with a planned budget of €2.3bn with a leverage effect able to provide up to €25 bn. The programme will support SMEs in the following areas: better access to finance for SMEs, access to markets and promotion of the entrepreneurial culture. The COSME programme builds on the success of the Competitiveness and Innovation Framework Programme (CIP) which helped to mobilise more than € 16 bn of loans and € 2.8 bn of venture capital to over 328 000 SMEs in Europe from 2007-2013.
PHOTO SHOTLIST

Type: Report   Reference: I-091630   Date: 22/07/2014   Duration: 25:00 Location: Brussels - EC/Berlaymont  
Languages: ORIGINAL,
© European Union, 2014   /   Source: Producer: EC - Audiovisual Service   /   Producer: Executive producer: ALL TV
To download, please log in







Related videos

04:03 Extracts from the COSME agreement signing ceremony, with the participation of Ferdinando Nelli Feroci
Extracts from the COSME agreement signing ceremony, with the participation of ...
Ref: I-091632
Date: 22/07/2014
25:00 COSME agreement signing ceremony, with the participation of Ferdinando Nelli Feroci
COSME agreement signing ceremony, with the participation of Ferdinando Nelli ...
Ref: I-091630
Date: 22/07/2014

Related photos

Signature ceremony of the agreement between the EIF and EC to boost funding opportunities for SMEs in the framework of the COSME programme
Signature ceremony of the agreement between the EIF and EC to boost funding ...
Ref: 025973
Date: 22/07/2014


You don't find what you are looking for? Ask us!


Wed 12/04
European Commission - Upcoming events The news: The Prime Minister of Estonia, Jüri Ratas, together with Members of his Government, will pay a visit to the European Commission on Wednesday 3 May 2017. After a bilateral meeting between European Commission President Jean-Claude Juncker and Mr Ratas, the Commission Members and...
Tue 28/03
European Commission - Upcoming events The news: On Thursday 27 April 2017, the European Commission will adopt its monthly infringements package. These decisions seek to enforce EU law across Europe so that citizens and businesses can benefit fully from the internal market.
Thu 27/04
European - Press release Commission Brussels, 27 April 2017 Negotiators of the Council and the European Parliament have yesterday night reached an agreement on the new security of gas supply regulation which aims at preventing gas supply crises.
Thu 27/04
European Commission - Press release Brussels, 27 April 2017 The European Commission today presented the results of a Special Eurobarometer survey on EU citizens' views on development, cooperation and aid The survey is based on fieldwork in the 28 EU Member States performed in November-December 2016.
Thu 27/04
European - Press release Commission Brussels, 27 April 2017 Commission welcomes European Parliament vote on new EU reform support programme The European Commission welcomes today's European Parliament vote to greenlight the Structural Reform Support Programme, a new EU programme to provide technical support to Member States.
Thu 27/04
European Commission - Press release Brussels, 27 April 2017 The European Commission has adopted a new Action Plan to improve the protection of nature and biodiversity in the EU, for the benefit of its citizens and the economy.
Thu 27/04
European - Press release Commission Brussels, 27 April 2017 The 2018 European Year of Cultural Heritage will be an opportunity to highlight the role of Europe's cultural heritage in fostering a shared sense of history and identity.
Thu 27/04
European Commission - Press release Brussels, 27 April 2017 The European Commission published today the Urban Water Atlas for Europe. The publication – the first of its kind – shows how different water management choices, as well as other factors such as waste management, climate change and even our food...
Thu 27/04
European Commission - Press release Brussels, 27 April 2017 The European Commission has decided to refer Italy to the Court of Justice of the EU for failing to apply the national excise duty rate on petrol and diesel purchased by motorists resident in the Friuli Venezia Giulia region.
Thu 27/04
European Commission - Press release Brussels, 27 April 2017 The European Commission today requested Luxembourg, Poland and Portugal to comply with judgements of the Court of Justice of the EU related to the good functioning of the internal market for road transport.


Go to rss page Go to EU Tube page Go to twitter page Go to facebook page Go to contact page


Credit © European Union, 2017