- Total financing under the European Fund for Strategic Investments (EFSI) in the Czech Republic amounts to €1.2 billion and is set to trigger €6.5 billion in additional investments
Infrastructure and innovation projects
- 13 approved projects financed by the European Investment Bank (EIB) with EFSI backing
- approximately €254 million in total financing
- set to trigger €1.2 billion in total investment
Small and medium enterprises (SMEs)
- 17 approved agreements with intermediary banks financed by European Investment Fund (EIF) with EFSI backing
- €958 million in total financing
- set to trigger approximately €5.4 billion in investments with some 36,300 SMEs and mid-cap companies expected to benefit from improved access to finance
Examples of projects supported by the Investment Plan in Czechia
Frusack is a start-up in Prague, which produces reusable and biodegradable bags to bring fruit and vegetables home from the supermarket. The two co-founders used their Juncker Plan-backed loan to scale up their business and employ more staff.
Nutricia Deva is a baby food manufacturer, which produces fruit-based drinks and desserts. Formerly owned by Danone, Deva needed financing to recruit new staff and establish the structures to become a fully-fledged company in its own right. Thanks to financing under the Juncker Plan, the company is developing new products and packaging models.
Elite Dental Prague is a dental clinic in the heart of Prague. When the clinic wanted to grow, they obtained an EU-guaranteed loan which meant they could expand, purchase equipment with the latest technology and create new jobs.
Over the past 65 years, PAPCEL has specialised in the production of machines and technological equipment for the paper industry. PAPCEL obtained an EU-guaranteed loan which meant they could produce and reconstruct larger paper machines, which improved the company’s competitiveness. It has also created additional jobs within the company.
Neobuto is a children's shoe shop in Brno, Czech Republic. In order to set up the shop, owner Lucie Prokešová obtained a loan through Komerční banka, backed by the EIF under the Juncker Plan. The reputation of the shop has grown and customers even come from neighbouring Slovakia and Austria to explore the range of children’s shoes, including their healthy, natural and barefoot-like options. Following the company’s success in the Brno region, the plan is to open a new branch in Prague.