SME

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The InnovFin SME Guarantee Facility is a demand-driven, uncapped instrument that builds on the success of the Risk Sharing Instrument (RSI), developed under FP7, the 7th EU Framework Programme for Research and Technological Development (2007-2013) managed and implemented by EIF.

Philip Pangalos

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EU and EIB Group join forces to support up to €48 billion in R&I investment

Display in: deelenfr

Release date: 12 June 2014

http://www.eib.org/infocentre/press/releases/all/2014/2014-134-eu-and-eib-group-join-forces-to-support-up-to-eur48-billion-in-r-i-investment.htm

For SMEs:

If you are an entrepreneur and are looking for finance supported by the European Union, please visit http://europa.eu/youreurope/business/funding-grants/access-to-finance/

http://www.eif.org/what_we_do/guarantees/cip_portfolio_guarantees/index.htm

CIP SMEG was an EU programme managed by EIF in the 2007-2013 programming period launched in cooperation with the European Commission. CIP SMEG aimed at enhancing access to finance for SMEs and its financial resources have been fully deployed through selected financial intermediaries across the EU, which have provided loans, financial leases and loan guarantees to SMEs.

Under the new 2014-2020 programming period, EIF is managing the COSME Loan Guarantee Facility (LGF) and the InnovFin SME Guarantee Facility.

http://ec.europa.eu/growth/access-to-finance/cosme-financial-instruments_en

The programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME) is improving access to finance for SMEs through two financial instruments that have been available since August 2014.

COSME has a budget of over €1.3 billion to fund these financial instruments that facilitate access to loans and equity finance for SMEs where market gaps have been identified.

Thanks to this budget, it will be possible to mobilise up to €25 billion in financing from financial intermediaries via leverage effects. The financial instruments are managed by the European Investment Fund (EIF) in cooperation with financial intermediaries in EU countries.

http://www.eif.org/what_we_do/guarantees/single_eu_debt_instrument/cosme-loan-facility-growth/index.htm

The COSME Loan Guarantee Facility (LGF) is a window of the Single EU Debt Financial Instrument which supports European enterprises' growth and research and innovation (R&I).

LGF is part of COSME (Programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises), an initiative launched by the European Commission and managed by EIF

http://www.eif.org/what_we_do/guarantees/single_eu_debt_instrument/innovfin-guarantee-facility/index.htm

The InnovFin SME Guarantee Facility - managed by EIF - is, in addition to InnovFin SME Venture Capital, part of “InnovFin – EU Finance for Innovators”, an initiative launched by the European Commission and the EIB Group in the framework of Horizon 2020.

http://www.eif.org/what_we_do/efsi/index.htm

https://ec.europa.eu/growth/tools-databases/ecertis/

eCertis is the information system that helps you identify different certificates requested in procurement procedures across the EU.

http://ted.europa.eu/

Every day, from Tuesday to Saturday, a further 1,700 public procurement notices are published on TED.

https://bookshop.europa.eu/

https://bookshop.europa.eu/en/home/

http://eur-lex.europa.eu/homepage.html?locale=en

The Celex number is the unique identifier of each document in EUR-Lex, regardless of language.

Further details on the subject matter can be found in the invitation for expression of interest, which can be requested by e-mail from cs-procurement@eib.org

The criteria relating to technical and professional capacity and the related documentation applicants are required to submit are described in detail in the invitation for expression of interest which can be requested by e-mail from cs-procurement@eib.org

EFSI is jointly funded by the EU and the EIB. It will benefit from a guarantee financed by the EU budget of EUR 16 billion; the EIB is contributing a further EUR 5 billion to EFSI in cash. EFSI has two components to support projects with wide sector eligibility: the SME Window implemented through EIF and the Infrastructure and Innovation Window deployed through the EIB. The financial instruments used for the purposes of the EFSI SME Window are mainly guarantees and equity investments.

EFSI project list

http://www.eib.org/efsi/efsi-projects/index.htm?

The information on this page is not part of formal EIB reporting on EFSI; it should therefore be taken as provisional and unaudited. Approval of EIB projects by the EIB Board of Directors is a requirement for financing negotiations with project promoters which, if successful, lead to the financing agreements being signed. Information on operations might be commercially sensitive and therefore temporarily withheld.

For a complete overview of EIF transactions under EFSI click here.

Definitions:

EFSI financing is the tranche of an operation that benefits from the support of the European Fund for Strategic Investments. This amount will sometimes differ from the total EIB financing amount of the same operation. Signed projects are listed with the actual amounts agreed in the contract, which may differ from the amounts initially authorised by the EIB Board of Directors.

Total investment related to EFSI refers to the total financing amount expected to be attracted for any particular EFSI project. This amount might come from public or private sources, and it includes EFSI financing provided by the Bank.

Pre-Approvals: These are umbrella operations that have been approved under EFSI but which cannot be counted towards the EFSI objective until concrete “sub-projects” have been signed.

http://europa.eu/rapid/press-release_IP-16-1933_en.htm

European Commission - Press release

Investment Plan for Europe: European Fund for Strategic Investments to be extended following successful first year

Brussels, 1 June 2016

One year after the European Fund for Strategic Investments (EFSI) came into force, the Commission looks at what has worked well in the Investment Plan, what can be improved, and how to advance.

http://europa.eu/rapid/press-release_MEMO-16-1967_en.htm

the independent EFSI Investment Committee uses strict criteria laid down in the EFSI Regulation and agreed by Member States and the European Parliament. The EU budget guarantee can only be extended to projects which demonstrate a good use of tax-payers' money and fulfil all the criteria of the EFSI Regulation.

Geographical coverage is not balanced ...

http://www.eib.org/efsi/governance/efsi-investment-committee/

Fund for Strategic Investments?

Why a European Fund for Strategic Investments?

How does a project get EFSI financing?

Governance

Steering Board

Investment Committee

EFSI Investment Committee

The EFSI Investment Committee is responsible for approving the support of the EU guarantee in line with the EFSI investment policies and the requirements of the EFSI Regulation (Regulation (EU) No 2015 / 1017) for EIB projects supporting important investments in infrastructure and innovation throughout the EU.

Investment Committee members

Gillian Day

Thierry Deau

Vicky D. Kefalas

Dalia Dubovske

Fabio Pammolli

Noel Gregor Paterson-Jones

Nieves Rodriguez Varela

Dominik Radziwill

Call for expressions of interest to set up a list of independent experts as members of the European Fund for Strategic Investments (the “EFSI”) Investment Committee

Contracting authority:

European Investment Bank, Secretariat General, 98–100, boulevard Konrad Adenauer, 2950 Luxembourg, LUXEMBOURG. E-mail: cs-procurement@eib.org

Registration procedure:

The objective of this call for expressions of interest is to set up a list of external experts.

Expressions of interest should be submitted in English, preferably within the initial deadline of submission as indicated in point 9, by electronic means to the following address: cs-procurement@eib.org

Inclusion on the list entails no obligation on the part of the contracting authority concerning the conclusion of contracts.

http://ted.europa.eu/udl?uri=TED:NOTICE:244622-2015:TEXT:EN:HTML

http://europa.eu/youreurope/business/funding-grants/access-to-finance/search/en/financial-intermediaries?shs_term_node_tid_depth=1478&combine=&field_amount_of_finance_range_value_i18n=All

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