Through COSME EFG, EIF invests in selected venture capital and private equity funds – acting as financial intermediaries – that provide funding to SMEs predominantly in their expansion and growth stages. Up to EUR 30m may be invested in a selected financial intermediary, limited to 25% of total commitments at any closing. EIF typically participates in the first closing of a selected fund. Fund managers are required to operate independently and on a commercial basis, committing to invest in SMEs with the greatest growth potential. The Equity Facility for Growth (EFG) is a successor to the High... Growth and Innovative SME Facility (“GIF2”), under the Competitiveness and Innovation Framework Programme (CIP) implemented in 2007–2013.
- Corporate author(s): European Investment Fund (European Investment Bank) Themes: Competition policy, Activities of the institutions and bodies
- Subject: competitiveness, corporate finance, EU financing, EU programme, financial instrument, Framework Programme for Research and Development, industrial development, small and medium-sized enterprises