The European Commission welcomes the new agreement signed under the Spanish SME initiative programme. The European Investment Fund (EIF) joined forces with Liberbank in order to grant easier access to up to €300 million of loans for 2,500 small businesses. The SME Initiative is a financial instrument jointly developed by the Commission and the European Investment Bank (EIB) Group, as part of a broader initiative to encourage Member States to double the amount of Co
- 29 November 2016
The European Commission welcomes the new agreement signed under the Spanish SME initiative programme. The European Investment Fund (EIF) joined forces with Liberbank in order to grant easier access to up to €300 million of loans for 2,500 small businesses. The SME Initiative is a financial instrument jointly developed by the Commission and the European Investment Bank (EIB) Group, as part of a broader initiative to encourage Member States to double the amount of Cohesion policy funds invested through financial instruments, in line with the objectives of the Investment Plan for Europe.