On Monday 22 November, the European Commission validated changes to the Pan-European Guarantee Fund set up on 14 December 2020 to support businesses affected by the consequences of the Covid-19 pandemic.
The Fund pools Member States’ support under the management of the European Investment Bank Group. It aims to meet the financing needs of European companies, mainly small and medium-sized enterprises (SMEs), in a coordinated manner by providing guarantees on debt and equity instruments.