REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
A new fund focused on boosting the economic and environmental development in Southeast Europe has been established. The €95m Southeast Europe Energy Efficiency Fund (SE4F) will invest in energy efficiency and renewable energy projects especially undertaken by small and medium-sized enterprises (SMEs) and households in Albania, Bosnia-Herzegovina, Croatia, FYR Macedonia, Montenegro, Serbia and Turkey. The […]
The European Investment Fund (EIF) has chosen Swedbank to manage the Funded Risk Sharing Instrument established to provide loans for Latvian SMEs within the framework of the JEREMIE initiative. JEREMIE (Joint European Resources for Micro to Medium Enterprises) is the joint initiative launched by the European Commission and the European Investment Bank group that enables […]
The £125m “super fund” for North East’s businesses launches. Within the framework of JEREMIE, the Joint European Resources for Micro to Medium Enterprises Initiative launched by the European Commission and the European Investment Bank group to enable the EU Member States and Regions to put money from the structural funds and also national resources into […]
The Global Energy Efficiency and Renewable Energy Fund (GEEREF) has made a €12.5m commitment to Berkeley Energy’s Renewable Energy Asia Fund (REAF). GEEREF, which is supported by the European Union, Germany and Norway and advised by the European Investment Bank Group to provide clean energy to emerging countries and economies in transition, has been joined […]
The European Investment Bank (EIB) and Netherlands’ Royal Philips Electronics (AEX: PHI, NYSE: PHG) have signed a €200m loan agreement under the EIB’s Risk-Sharing Finance Facility (RSFF). Philips will use the 10-year loan to finance its planned research and development investment in healthcare activities in Corporate Technologies, in Europe. These activities will be focused on […]
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 […]
The New and Renewable Energy Centre (Narec), an European Union backed project aimed to provide technology and business support to create new energy companies, is benefiting from additional £2.4m investment from regional development agency One North East. The funding will be used to finance an Incubation & Inward Investment project as well as support the […]
The European Investment Fund (EIF) and Norwegian Cultura Sparebank signed a guarantee agreement aimed to provide enhanced access to finance for micro businesses in the country. Cultura Sparebank, a Savings Bank with a specific mission to promote projects with a social, environmental and cultural qualities, grants loans in collaboration with Network Credit Norway – a […]
The European Investment Fund (EIF) completed the signing of a €75m transaction from the Lithuanian Holding Fund with SEB Bank in Lithuania under JEREMIE, the EU initiative aimed to improve access to finance for small and medium enterprises within the Structural Funds framework for the period 2007 – 2013. The deal will be matched by […]
The European Investment Fund has in principle approved the Fund LitCapital I as the second new risk capital fund dedicated to investing into Lithuanian SMEs in the framework of JEREMIE. This fund, which have a target size of approximately €25m, will provide start-up and expansion financing for micro, small and medium size companies with growth […]
The European Investment Fund Board selected Imprimatur Capital Baltics as second financial intermediary under the JEREMIE initiative’s call for expressions of interest in Latvia. Imprimatur Capital Baltics will establish and manage new seed and start-up capital funds with a planned total capital of €20.4m (€14.7m public and €5.7m private) focused on investing in micro, small […]
The European Investment Bank (EIB), the bank of the European Union, is launching a lending facility via other financial institutions for small and medium-sized enterprises (SMEs) in the EU’s eastern neighbours. The new facility will enable EIB to support – via partner banks in the region – investments by SMEs and energy and environmental projects […]
A conference about “JEREMIE and JESSICA: Innovative financial instruments in EU Cohesion Policy” will take place in Brussels at the Square Conference Centre on Thursday, 22 October 2009 (starting at 16.30 hrs) and on Friday, 23 October 2009 all day. The conference, which is organised by the Directorate General for Regional Policy of the European […]
The European Commission, the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the Council of Europe Development Bank (CEB), have agreed to launch the Western Balkans Investment Framework, which will provide a joint grant facility and joint loans to finance priority investment projects in the region. The objective of the […]
Of the small and medium-sized enterprises (SMEs) that had applied for bank loans in the first half of 2009 77% of them had received all or part of the amount requested, a survey by European Central Bank (ECB) says. The survey, which was conducted by ECB in cooperation with the European Commission between 17 June […]