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Investment Plan: EU invests EUR 670 million in micro-enterprises, wind power and the circular economy

Croatian micro-enterprises and start-ups looking to purchase small machinery and equipment worth up to EUR 25,000 can benefit from a EUR 10 million guarantee extended on 9 September by the European Investment Fund (EIF) to UniCredit Leasing Croatia.

date:  12/09/2019

See alsoInvestment Plan for Europe: the Juncker ...

Croatian micro-enterprises and start-ups looking to purchase small machinery and equipment worth up to EUR 25,000 can benefit from a EUR 10 million guarantee extended on 9 September by the European Investment Fund (EIF) to UniCredit Leasing Croatia. The transaction is enabled by a guarantee from the EU budget, under the Investment Plan for Europe - the Juncker Plan - and its European Fund for Strategic Investments (EFSI). Similarly, the EIF announced on 2 September that it is working with Finnish specialised financing company Finnvera to facilitate nearly EUR 190 million in new lending for growth seeking SMEs under the COSME Loan Guarantee Facility. In Lithuania, thanks to a EUR 10 million guarantee from the EIF, the Vilnius Factoring Company will issue microloans of up to EUR 25,000 to micro-enterprises and farmers under the EU Programme for Employment and Social Innovation (EaSI). Meanwhile, the European Investment Bank (EIB) signed a EUR 25 million quasi-equity financing agreement on 26 August to support R&D by Swedish podcast company Acast. To fight climate change, the EIB said on 31 July that it will provide EUR 385 million to help finance one of the biggest wind power infrastructure projects in Spain to date. In the Netherlands, the EIB signed a EUR 50 million loan agreement with Boels Rental on 30 July. The financing will be used by Boels to acquire new vehicles, machinery and related equipment for its rental and leasing activities, thus supporting a circular business model in which these machines are no longer bought, but instead leased or rented.