SME Initiative: Finnish guarantee scheme to improve access to finance for high-growth firms
The Finnish Operational Programme “SME Initiative” (OP) receives support from the European Regional Development Fund (ERDF) under the Investment for growth and jobs in Finland.
The programme will provide guarantees to financial intermediaries that give loans to SMEs. Thanks to the leverage effect, the guarantees are expected to unlock over €360 million of fresh loan funding for Finnish SMEs, vital for creating new jobs and boosting growth.
Single funding priority:
- Competitiveness of SMEs in Finland. The aim is to improve access to finance for SMEs through guarantee instrument.
- 725 SMEs will be supported by new guarantee instrument
- Regional Development Fund (ERDF): 20,000,000.00 €
- TO3 - SMEs competitiveness
Total OP budget: 40,000,000.00 €
Total EU contribution: 20,000,000.00 €
CCI number: 2016FI16RFSM001
ESI Funds OPEN DATA
Achievements and FinancesSME Initiative: Finnish guarantee scheme to improve access to finance for high-growth firms