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Signature ceremony of the agreement between the EIF and EC to boost funding opportunities for SMEs in the framework of the COSME programme

Ferdinando Nelli Feroci, Vice President designate of the EC in charge of Industry and Entrepreneurship, Pierluigi Gilibert, Chief Executive of the European Investment Fund (EIF), Marco Peronaci, Deputy Permanent Representative of Italy to the EC, and Daniel Calleja Crespo, Director-General of DG Enterprise and Industry of the EC, and SME Envoy of the EC, participated in the signature ceremony of the agreement between the EC and the EIF to boost funding opportunities for SMEs.
Thanks to the 1,3 billion euro allocated in the COSME budget for SME financing, it will be possible to mobilise up to € 25 billion euro 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 a 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.
Signature ceremony of the agreement between the EIF and EC to boost funding opportunities for SMEs in the framework of the COSME programme
Pierluigi Gilibert, Marco Peronaci, Ferdinando Nelli Feroci and Daniel Calleja Crespo ...
Reference: P-025973
Date: 22/07/2014
Signature ceremony of the agreement between the EIF and EC to boost funding opportunities for SMEs in the framework of the COSME programme
Ferdinando Nelli Feroci, at the podium
Reference: P-025973
Date: 22/07/2014
Signature ceremony of the agreement between the EIF and EC to boost funding opportunities for SMEs in the framework of the COSME programme
Ferdinando Nelli Feroci, at the podium
Reference: P-025973
Date: 22/07/2014
Signature ceremony of the agreement between the EIF and EC to boost funding opportunities for SMEs in the framework of the COSME programme
Signing of the agreement between the EIF and the EC by Pierluigi Gilibert, on the left, ...
Reference: P-025973
Date: 22/07/2014
Signature ceremony of the agreement between the EIF and EC to boost funding opportunities for SMEs in the framework of the COSME programme
Exchange of signatures between Pierluigi Gilibert, on the left, and Daniel Calleja Crespo, ...
Reference: P-025973
Date: 22/07/2014
Signature ceremony of the agreement between the EIF and EC to boost funding opportunities for SMEs in the framework of the COSME programme
Pierluigi Gilibert, Ferdinando Nelli Feroci and Daniel Calleja Crespo (from left to right)
Reference: P-025973
Date: 22/07/2014

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