Investment Bank of EU Finances those investment project
Answers
Answer:
The European Investment Bank (EIB) is a non-profit European Union institution based in Luxembourg that makes loans, guarantees, and provides technical assistance and venture capital for business projects that are expected to further EU policy objectives.
Answer:
European Investment Fund (EIF)
The EIB is the majority shareholder of the European Investment Fund (EIF), which provides funding to small and medium-sized enterprises (SMEs) through venture capital and risk finance instruments. Other shareholders are the European Commission and financial institutions from across Europe. Established in 1994, the Fund is active in all EU countries, prospective member countries, Liechtenstein and Norway.
EIF products include:
- venture capital and micro-financing for SMEs, particularly new and innovative companies
- guarantees for financial institutions, to cover loans to SMEs
- help for EU countries and those in the process of joining the EU to develop their risk capital markets
If you are an entrepreneur seeking finance, contact EIF intermediaries in your country to see if you are eligible for EIF equity and debt products.
Explanation:
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