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The new fund called EaSI Funded Instrument has been launched with a loan fund of €200 million to boost the lending capacity of microfinance institutions and social enterprise lenders in Europe. 
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Scoop.it!
http://www.access2finance.eu helps businesses and entrepreneurs to find EU funding (loans, guarantees, equity, venture capital) supported by the European Uni...
nicoleta susanu's insight:
http://www.access2finance.eu helps businesses and entrepreneurs to find EU funding (loans, guarantees, equity, venture capital) supported by the European Union (EU). The website helps you search for money through EU programmes like COSME, InnovFin, Horizon, Creative Europe, Structural Funds, the Programme for Employment and Social Innovation, Research and Innovation funds, microfinance, the EU Investment plan
Scoop.it!
nicoleta susanu's insight:
OPEN CALL FOR EXPRESSION OF INTEREST TO SELECT FINANCIAL INTERMEDIARIES UNDER the Loan Guarantee Facility of the Programme for Competitiveness of Enterprise and Small and Medium Sized Enterprises (“COSME”) The objective of this Open Call for Expression of Interest, launched by the European Investment Fund, is to select eligible financial institutions to become Financial Intermediaries under the COSME – Loan Guarantee Facility (“LGF” or “the Facility”). Through COSME LGF, EIF offers guarantees and counter-guarantees, including securitisation of SME debt finance portfolios, to selected financial intermediaries (e.g. guarantee institutions, banks, leasing companies, etc.) to help them to provide more loans and leases to SMEs. Deadline: 30.09.2020
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Scoop.it!
The case study presents the Entrepreneurship Promotion Fund (EPF) which has been implemented in Lithuania under the Operational Programme for the Development of Human Resources 2007-2013 and which is funded by the ESF. The main aims of the EPF are to promote self-employment and entrepreneurship. The EPF focused on start-ups and prioritised disadvantaged groups in order to fill the gap in funding for these groups.
nicoleta susanu's insight:
This case study describes how the Lithuanian government used part of its European Social Fund (ESF) allocation to develop entrepreneurial talent in the country through a financial instrument. A total of EUR 14.48 million of ESF funds was
Scoop.it!
nicoleta susanu's insight:
OPEN CALL FOR EXPRESSION OF INTEREST TO SELECT FINANCIAL INTERMEDIARIES UNDER THE ERASMUS+ MASTER LOAN GUARANTEE FACILITY Eligible Financial Intermediaries This Open Call for Expression of Interest is addressed and restricted to Financial Intermediaries that are: a) in respect of Guarantees provided under the Facility, public or private entities (including credit or financial institutions), if applicable, duly authorised to carry out financing to Final Recipients according to the applicable legislation; b) in respect of Counter-Guarantees provided under the Facility: public or private guarantee schemes, guarantee institutions or other entities, credit or financial institutions, if applicable, duly authorised to issue guarantees according to the applicable legislation, in each case established and operating in one or more of the Programme Countries Deadline Before 30th September 2020. Applications will be assessed by EIF on a “first-come, first-assessed basis”.
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In line with the objectives of the EaSI programme, the new EaSI Funded Instrument seeks to improve access to finance for micro-enterprises (including the self-employed and those that employ vulnerable people) and social enterprises in order to create jobs and support social inclusion.
The EaSI Funded Instrument provides senior and subordinated loans to eligible financial intermediaries in order to increase their capacity to provide financing to micro-enterprises and social enterprises, as well as mobilizing their own resources to grow their microfinance or social entrepreneurship portfolios.
The decision to provide EU financing will be made by the local financial institutions such as banks, venture capitalists or angel investors.
You have a right to get feedback from credit institutions on their credit decision. This can help you understand your financial position and improve your chances to obtain financing in the future. Use your right and refer to Article 431 of the EU Capital Requirements Regulation.