EU External Investment Plan

SME Competitiveness Programme in the Eastern Partnership

The programme will support SMEs through dedicated bank financing for capital expenditure investments, investment grants in relation to such investment, and expertise.

During the coronavirus (COVID-19) pandemic in 2020, the EU repurposed this project to address the challenges MSMEs are facing during this pandemic.

The Programme is temporarily split into two parts:

  • Temporary support to MSMEs who need working capital in local currency, to face the liquidity and cash flow crisis they are facing.
  • Maintain the original purpose of the programme in supporting MSMEs in complying with EU standards (product quality, service delivery, environmental standards) and deepening the impact of the Deep and Comprehensive Free Trade Area (DCFTA) and other trade agreements.
Key Information
Location
  • Armenia
  • Azerbaijan
  • Belarus
  • Georgia
  • Moldova
  • Ukraine
Region
  • Eastern Neighbourhood
Year
2019
Total budget
€306.7 million
EU contribution
€54.7 million
Sector
  • Micro-, small and medium-sized enterprises (MSMEs)
Lead finance institution
European Bank for Reconstruction and Development (EBRD)