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JEREMIE stands for 'Joint European Resources for Micro to Medium Enterprises'. It is a financial instrument that has been established by the European Commission in partnership with the European Investment Bank (EIB) and European Investment Fund (EIF) to improve access to finance for micro-businesses and small and medium-sized enterprises (SMEs) in regions of the EU.
The aim is to provide a certain amount of money from regional funds to finance risk capital that will stimulate innovative activity and help enterprises to grow. JEREMIE will provide expertise and guidance to help business people access these new funding opportunities. This should encourage more business start-ups and new ventures across all EU regions.
JEREMIE's activities will contribute to the EU's Growth and Jobs Agenda, which aims to develop a dynamic and competitive European economy.
Three similar financing instruments have been devised to run under the Cohesion Policy for 2007-13, namely JASPERS ('Joint Assistance to Support Projects in the European Regions'), JESSICA ('Joint European Support for Sustainable Investment in City Areas') and JASMINE ('Joint Action to Support Microfinance Institutions in Europe').