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Juncker Plan: EIF, 180 million for SMEs in Slovenia

COSME agreement signed, garantees for 3 years

20 November, 16:18
(ANSA) - BRUSSELS - The European Investment Fund (EIF) and Slovene Enterprise Fund (SEF) have signed a COSME agreement in Slovenia, benefiting from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe or 'Juncker Plan'.

The agreement should allow Slovene Enterprise Fund to provide 180 million euros of guarantees to SMEs in Slovenia over the next three years. The guarantees will be provided as a result of a counter-guarantee from EIF under the COSME programme with financial backing from the European Commission. The agreement will make it possible for SEF to support additional financing at favourable conditions to over 1,100 SMEs.

"It is encouraging that SMEs in Slovenia are now accessing finance under the Investment Plan" said European Commission Vice-President Jyrki Katainen, responsible for Jobs. "Already more than 70,000 SMEs across Europe can benefit from loans backed by the EU guarantee" he added. (ANSA).

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