SME Initiative: Finnish guarantee scheme to improve access to finance for high-growth firms

Finland

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Programme description

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.

Expected impacts: 

  • 725 SMEs will be supported by new guarantee instrument

 

Regions

  • Finland

Funds

  • Regional Development Fund (ERDF): 20,000,000.00 €

Thematic priorities

  • TO3 - SMEs competitiveness

Financial information

Total OP budget: 40,000,000.00 €

Total EU contribution: 20,000,000.00 €

CCI number: 2016FI16RFSM001