Tag Archives: SMEs

CapMan Infra Expands Northern European Data Centre Platform with Investment in Fuzion

(IN BRIEF) CapMan Infra has made an investment in Fuzion, a Danish data centre colocation provider, marking the company’s second move in creating a northern European data centre platform following its acquisition of Serverius in May 2023. Fuzion, known for … Read the full press release

NatWest Survey Reveals Positive Outlook Among SME Law Firms Despite Margin Pressures

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) A newly released legal benchmarking survey commissioned by NatWest reveals that 9 out of 10 small to medium-sized (SME) law firms are optimistic about their financial performance in the upcoming year. NatWest’s ninth Legal Report analyzes the financial … Read the full press release

UK SMEs Poised to Drive Employment Growth: Expected to Hire 3.5 Million People This Quarter

(IN BRIEF) UK small and medium-sized businesses (SMEs) are expected to contribute to significant employment growth this quarter, with the potential to hire up to 3.5 million people. This positive projection is based on data from the Barclays Business Barometer, … Read the full press release

University of Bristol Leads £1.8 Million Initiative to Boost Innovation in Small Financial Services Firms

(IN BRIEF) The University of Bristol is spearheading a pioneering £1.8 million program, called Future Finance for All, aimed at accelerating innovation adoption in small and medium-sized enterprises (SMEs) and mid-tier financial services firms. Backed by Innovate UK and the … Read the full press release

EIB Group’s €360 Million ABS Investment to Drive Green Projects and Support Spanish Businesses

(IN BRIEF) The EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), has invested €360 million in a new asset-backed securities (ABS) issuance with Banco Santander. The investment will support working capital and liquidity needs … Read the full press release

German Financial Institutions Cautious in Loan Negotiations with Corporate Customers, KfW ifo Indicator Shows

(IN BRIEF) The KfW ifo Credit Constraint Indicator for Germany shows that financial institutions responded more cautiously to loan applications from corporate customers in the second quarter after easing credit access in the first quarter. Among SMEs, 25.6% experienced restrictive … Read the full press release

EBRD Launches Youth in Business Programme in Albania, Aims to Empower Young Entrepreneurs for Financial Inclusion

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is launching its Youth in Business Programme in Albania, aimed at supporting young entrepreneurs’ financial inclusion. The program will provide a €1 million loan to Union Bank for lending to … Read the full press release

University of York and FSB Launch Research Project to Empower Female Entrepreneurs

(IN BRIEF) The University of York and the Federation of Small Businesses (FSB) have initiated a research project aimed at understanding the impact of female business owners and entrepreneurs on the regional and national economy. The study will examine the … Read the full press release

EIF and Banco Santander Partner to Support SMEs with €200 Million Guarantee for Green and Digital Innovations

(IN BRIEF) The European Investment Fund (EIF) and Banco Santander have signed an InvestEU portfolio guarantee agreement worth €200 million to support small and medium-sized enterprises (SMEs) and small mid-caps in Spain and other EU countries. With this guarantee, Banco … Read the full press release

EBRD Expands Support to Ukraine’s KredoBank with €25 Million Guarantee Facility for Critical Industries and Food Security

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is expanding its cooperation with KredoBank, a subsidiary of PKO Bank Polski, to support food security and critical industries in wartime Ukraine. The EBRD provides a €25 million guarantee facility … Read the full press release

EIF and SG Equipment Finance Collaborate to Boost Digital Transition for Czech and Slovak Companies with €25 Million Investment

(IN BRIEF) The European Investment Fund (EIF) has signed a portfolio guarantee with SG Equipment Finance to support up to €25 million in new lending for innovative SMEs and small Mid-Caps in Czechia and Slovakia. The financing, backed by the … Read the full press release

Allianz Unifies Global Commercial Insurance Business as ‘Allianz Commercial,’ Introduces New Regional Structure

Allianz Trade Study Reveals Gap Between Perceived and Actual Inflation, with Germany Experiencing Significant Disparity

(IN BRIEF) Allianz Global Corporate & Specialty (AGCS) and the commercial insurance businesses of local Allianz entities will now trade under the name “Allianz Commercial” as a single go-to-market business. This new global model offers insurance solutions for mid-sized businesses, … Read the full press release

Luxembourg Increases Pledge to Financial Inclusion Fund, Expanding Support for Vulnerable Groups

(IN BRIEF) Luxembourg has pledged an additional €4.8 million to the EIB Global’s Financial Inclusion Fund, bringing the fund’s total size to €11.5 million. The fund supports financial service providers that focus on vulnerable groups in African, Caribbean, and Pacific … Read the full press release

EBRD Provides US$100 Million Loan to Banque Misr for Small Business Support in Egypt

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a US$100 million loan to Banque Misr in Egypt, aimed at supporting micro, small, and medium-sized enterprises (MSMEs). The funding will enable Banque Misr to expand its operations … Read the full press release

EIB Global and Development Bank of North Macedonia (DBNM) Partner to Drive Green Transition in North Macedonian SMEs with €100 Million Investment

(IN BRIEF) The European Investment Bank (EIB) Global and the Development Bank of North Macedonia (DBNM) have joined forces to unlock €100 million of EU investment aimed at promoting the green transformation of small and medium-sized enterprises (SMEs) in North … Read the full press release

NatWest Enables Tap to Pay on iPhone for Businesses Across the UK

(IN BRIEF) NatWest has announced the availability of Tap to Pay on iPhone for eligible businesses across the UK. Through the NatWest Tap to Pay iOS app, businesses can seamlessly accept contactless payments using their iPhone, without the need for … Read the full press release

University of Bristol’s MBS Project Empowers Migrants and Refugees in Business Ventures

(IN BRIEF) The University of Bristol has collaborated with ACH (Ashley Community Housing) and the West of England Combined Authority on the Migration Business Support (MBS) project, aimed at boosting the prospects of migrants and refugees in the UK. The … Read the full press release

EBRD and EU Provide Financing to Spark Digital Transformation in Bosnia and Herzegovina SMEs

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing new financing to Sparkasse Bank in Bosnia and Herzegovina to support digital transformation investments by small and medium-sized enterprises (SMEs). The EBRD has … Read the full press release

Spanish SMEs to Benefit from EIB and ICO Investments in BBVA ABS, Focusing on Green Development

(IN BRIEF) The European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) have invested in asset-backed securities (ABS) issued by BBVA to support Spanish small and medium-sized enterprises (SMEs) and mid-caps. The investment aims to address working capital … Read the full press release

EIF Provides €50 Million Guarantees to illimity Bank for SME Financing in Italy

(IN BRIEF) The European Investment Fund (EIF) has provided two guarantees totaling €50 million to illimity Bank to improve financing access for small and medium-sized enterprises (SMEs) in Italy. The guarantees, backed by the InvestEU program, focus on supporting SMEs … Read the full press release

Northern Italy’s SMEs to Benefit from Banca Cassa di Risparmio di Savigliano and EIF’s Green Transition Partnership

(IN BRIEF) Banca Cassa di Risparmio di Savigliano and the European Investment Fund (EIF) have partnered to support the green transition of small and medium-sized enterprises (SMEs) in Northern Italy. The EIF has provided a €32.9 million capped guarantee to … Read the full press release

EIB and Grupo Cooperativo Cajamar Boost Access to Finance for Spanish Rural Enterprises and Green Initiatives

(IN BRIEF) The European Investment Bank (EIB) and Grupo Cooperativo Cajamar have announced a partnership to provide €980 million in new financing to small and medium-sized enterprises (SMEs) and mid-caps in rural areas and green projects in Spain. The EIB … Read the full press release

InvestEU Program Facilitates Access to Finance for Portuguese SMEs through Caixa Geral de Depósitos and EIF Agreement

(IN BRIEF) Caixa Geral de Depósitos (CGD) and the European Investment Fund (EIF) have signed an agreement to provide up to €378 million in new credit lines for Portuguese small and medium-sized enterprises (SMEs). Supported by the InvestEU program, the … Read the full press release

BNP Paribas Collaborates with EIB Group for the Third Synthetic Securitisation, Boosting Support for French Companies

(IN BRIEF) The European Investment Bank (EIB) Group, in collaboration with BNP Paribas, has launched a synthetic securitisation initiative to support French companies for the third time since 2017. The transaction involves an EIB Group guarantee on an existing loan … Read the full press release

InvestEU-Backed EIF Guarantees to Enable UniCredit Group to Provide Favorable Loans to 2,500 SMEs

(IN BRIEF) The European Investment Fund (EIF) has provided UniCredit Group with two guarantees worth €370 million to support investment by small and medium-sized businesses (SMEs) across seven EU countries. The transactions are backed by InvestEU, the European Union’s long-term … Read the full press release

Finnish SMEs to benefit from new climate and innovation loan products with EIF guarantee

(IN BRIEF) The European Investment Fund (EIF) will provide a €170 million guarantee to Finnvera Plc to finance approximately €280 million of investment by small companies in Finland. The support of the InvestEU programme enables the guarantee to trigger more … Read the full press release

BBVA and EIF Commit €200 Million to Help Spanish Startups Embrace Sustainability and Digitalisation

(IN BRIEF) The European Investment Fund (EIF) and BBVA have signed an agreement under the InvestEU guarantee program to provide a €200 million guarantee to help BBVA’s specialised startup initiative, BBVA Spark, support startups with innovative and sustainable value propositions. … Read the full press release

Ark Kapital’s EIF guarantee to support sustainability, innovation, and digitalisation-driven enterprises

(IN BRIEF) Ark Kapital, a tech-focused lender, has secured a portfolio guarantee from the European Investment Fund (EIF) to improve access to finance for high-tech SMEs. The guarantee enables Ark Kapital to offer over €146 million in new financing across … Read the full press release

Eni’s Plenitude selects Enosi and Jedlix as winners of Call for Innovation

(IN BRIEF) Eni’s Benefit Corporation, Plenitude, has announced Enosi and Jedlix as the winners of its Call for Innovation. The Call aimed to find innovative solutions to manage the integration and synergies between Plenitude’s renewable energy generation, energy services, and … Read the full press release

EBRD grants €50m loan to TEB to support women-led SMEs in Türkiye

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a €50 million loan to Türk Ekonomi Bankası A.Ş. (TEB) to expand financial opportunities for women-led small and medium-sized enterprises (SMEs) in Türkiye. This loan is part of … Read the full press release

EBRD and Citi Roll Out Sustainable Supply Chain Finance Program for Metso Outotec and its Türkiye-based SME Suppliers

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Citi have partnered to implement a sustainable supply chain finance program for Finnish technology and services company Metso Outotec and its suppliers in Türkiye, the majority of which are … Read the full press release

EBRD and EU Program Helps Armenian Companies Invest in Sustainable Technology

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have jointly launched the EU4Business-EBRD Credit Line program in Armenia to support small and medium-sized enterprises (SMEs) in adopting greener technology, improving product quality, and … Read the full press release

InvestEU-backed programme to benefit micro-enterprises in Lithuania, Latvia and Poland with up to €50,000 loans

(IN BRIEF) The European Investment Fund (EIF) has signed a portfolio guarantee agreement with Noviti Finance to lend almost €47 million to micro-businesses in Lithuania, Latvia, and Poland on preferential terms. The EIF guarantee is provided under the European Union’s … Read the full press release

illimity Bank’s digital arm b-ilty to provide funding for Italian SMEs in new EIB deal

(IN BRIEF) The European Investment Bank (EIB) has signed a €200m deal with illimity Bank to provide funding to small and medium-sized enterprises (SMEs) in Italy. The two banks will mobilize €100m each in 2023 to ensure that SMEs have … Read the full press release

European Investment Fund and Norrlandsfonden Sign InvestEU Guarantee Agreement to Improve SME Access to Finance in Northern Sweden

(IN BRIEF) The European Investment Fund (EIF) and Norrlandsfonden, a Swedish public investment agency, have signed a guarantee agreement supported by the European Union’s InvestEU programme to improve access to finance for SMEs and small mid-caps in Northern Sweden. Over … Read the full press release

EIF Signs First PaaS Guarantee Agreement with Swedish Financing Platform Lisa&

(IN BRIEF) The European Investment Fund (EIF) and Swedish financing platform Lisa& have signed a guarantee agreement to offer over SEK 278 million (€24.8 million) for Swedish companies with a circular business model. The deal will be supported by the … Read the full press release

Hungary’s Home Renovation Programme gets a boost from EIB green loan

(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) invested €804 million in Hungary last year, supporting priority investments in energy, transport, innovation, small and medium-sized enterprises (SMEs), and mid-caps. Three-quarters of the total financing signed … Read the full press release

EBRD Provides €10 Million Factoring Facility to Tam Finans for SMEs in Türkiye

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided Tam Finans Factoring A.S., a factoring company in Türkiye, with a €10 million factoring facility under its Trade Facilitation Programme (TFP). The facility aims to support small and … Read the full press release

Swedfund invests $30 million in Mirova Gigaton Fund to accelerate clean energy transition in emerging markets

(IN BRIEF) Swedfund, a Swedish development finance institution, invested USD 30 million in the Mirova Gigaton Fund on March 1. The Mirova Gigaton Fund, launched by Mirova, a Natixis affiliate, aims to provide debt financing to clean energy projects in … Read the full press release

Swedfund to invest $5m in Somali SMEs through NHAO fund

(IN BRIEF) Swedish development finance institution Swedfund has committed $5m to the Nordic Horn of Africa Opportunities Fund (NHAO), which invests in small and medium-sized Somali firms. The fund aims to provide financing for companies with around or less than … Read the full press release