The European Investment Bank, the European Investment Fund and Česká Spořitelna are channelling €306m of new financing into small and medium-sized businesses for an estimated 250 companies, especially those with riskier business ideas.

The project will support nearly 43.000 jobs across the country. Since 2002, the EU bank has provided Česká Spořitelna with loans and guarantees totalling €1.45 billion.