Juncker Plan to support small businesses in the Faroe Islands and Greenland

EPA/OLIVIER HOSLET

European Commissioner in charge of jobs, growth, investment and competitiveness Jyrki Katainen gives a press conference on Investment plan for Europe in Brussels, Belgium, 29 November 2016. Vice-President Katainen present the Commission's Communication on the findings of three evaluations on the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe.

Juncker Plan to support small businesses in the Faroe Islands and Greenland


Share on Facebook
Share on Twitter
Share on Google+
Share on LinkedIn
+

The European Investment Fund has signed an InnovFin guarantee agreement with BankNordik which will allow the bank to issue up to €40 million of new loans to local small and medium-sized enterprises and small mid-caps in the Faroe Islands and Greenland.
The businesses will gain access to credit up to 300 million euros, and the EIF will cover up to 50% of potential losses, as announced by Commission Head of Jobs, Growth, Investment and Competitiveness, Jyrki Katainen.
The JunckerPlan has already mobilized nearly €400 billion of additional investment, and is currently supporting 949,000 small and medium businesses across Europe.

Share on Facebook
Share on Twitter
Share on Google+
Share on LinkedIn
+