Greece and EIF sign JEREMIE agreement for SMEs
The Greek government and the European Investment Fund (EIF) have signed a Memorandum of Understanding to implement JEREMIE. The initiative should improve access to finance from the structural funds for Greek small and medium sized enterprises (SMEs). JEREMIE allows the EU Member States and regions to use part of their structural fund allocations to support start-ups and micro-enterprises through loans, equity, venture capital and guarantees. It is intended to help foster entrepreneurship and support the Lisbon goal of making Europe's economy the most competitive in the world by 2010. The EIF will now become the JEREMIE Fund Manager. It will also be charged with: - identifying the most suitable instruments (guarantees, venture capital, microfinance); - assisting in the establishment of structures and instruments suitable for the diffusion of the JEREMIE funds in Greece; - implementing and managing SME micro-finance actions.
Countries
Greece