Italy, €60M for Sicily’s small businesses through JEREMIE

The European Investment Fund (EIF) and the Sicily Region signed an agreement to set up a €60m holding fund for providing financial support for small businesses through different instruments including guarantees, microcredit and securitisation.
The fund will enable the Sicily Region to use European Regional Development Fund (ERDF) resources, within the framework of JEREMIE, the joint initiative of the European Commission and the EIF aimed at improving small firms’ access to credit under the 2007-2013 Structural Funds Framework Programme.
The new vehicle will establish partnerships with various types of financial institution to channel financial resources to small firms.
This is the second JEREMIE agreement in Italy following the one signed with the Campania Region in 2008.


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