The European Commission has adopted today 2014-2020 the "SME Initiative" Operational Programme worth €100 million for Romanian small and medium-sized enterprises (SMEs) worth €100 million. The value of the investment provided by the European Regional Development Fund (ERDF) in the form of guarantees is expected to quadruple to €400 million, thanks to the leverage effect of private investment in SME loans. The SME Initiative for Romania is the fifth of its kind to be adopted for 20
- 29 March 2016
The European Commission has adopted today 2014-2020 the "SME Initiative" Operational Programme worth €100 million for Romanian small and medium-sized enterprises (SMEs) worth €100 million. The value of the investment provided by the European Regional Development Fund (ERDF) in the form of guarantees is expected to quadruple to €400 million, thanks to the leverage effect of private investment in SME loans.
The SME Initiative for Romania is the fifth of its kind to be adopted for 2014-2020, encouraging Member States to make use of this joint initiative, developed by the Commission and the European Investment Bank (EIB) Group to boost access to finance for Europe's cash-strapped small businesses.
More information
- Press release
- The SME Initiative
- Financial Instruments in Cohesion Policy
- Cohesion Policy and Romania
- Twitter: @EU_Regional / @CorinaCretuEU #cohesionpolicy