The European Investment Fund and the Italian banking company UniCredit have signed a €60 million agreement in support of Italian micro enterprises, under the European Commission’s Employment and Social Innovation programme.

Under the agreement, loans of up to €25.000 will be available to individual entrepreneurs and micro-enterprises with less than 10 employees and a maximum of €2 million in annual turnover or total assets.

“The EU remains committed to ensuring equal opportunities for all and that we leave no one behind”, said Marianne Thyssen, EU Commissioner for employment, social affairs and inclusion.

This signature follows the first agreement signed €50 million agreement signed with European Investment Fund in 2018 to benefit around 2.500 Italian micro-enterprises, and the recent credit lines to social enterprises and female entrepreneurs.