In response to the consequences of the Covid-19 pandemic, the European Investment Fund (EIF) and the European Commission announced on Friday 24 July new measures under the EaSI Guarantee Instrument to improve access to financing for micro-enterprises and social enterprises.
The new measures thus increase risk coverage, maximum exposure for micro-enterprises and social enterprises and make the conditions for access to this aid more flexible overall. These measures also involve financial intermediaries.
The guarantees provided by the EIF to the financial intermediaries have enabled the release of approximately 1.4 billion euros of debt financing, providing access to financing for more than 85,000 micro-enterprises and social enterprises across Europe, the press release states. (Original version in French by Pascal Hansens)