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IT

Italian SMEs to get EUR 220 mln EU innovation loans

Tuesday 2 June 2015 | 10:24 CET | News
The European Investment Fund (EIF) has reached an agreement with Italy's Credem Group to allow the bank to enter into new loan agreements with Italian SMEs totalling EUR 220 million over the next two years.  The loans to finance innovation activities will be guaranteed up to 50 percent by the EIF and the EU under InnovFin SME Guarantee, which targets early and development stage companies. The guarantee is part of the new generation of financial instruments supported under the EU's Horizon 2020 research and innovation programme.

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Categories: IT
Companies: European Commission
Countries: Italy
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