Brussels, 11/07/2016 (Agence Europe) - On Monday 11 July, the European Commission announced the launch of two new financial instruments: a co-investment instrument for SMEs and the introduction of an urban development fund to support green projects in cities.
The first instrument seeks to provide financial assistance to start-ups and SMEs. It consists of a mutual fund managed by a major financial intermediary. Public and Private co-financing could be as much as €15 million for each SME....