Loan fund INNODEM2 - Belgium

The Belgian INNODEM2 loan fund, co‑financed by the European Regional Development Fund, addressed creditor risk aversion towards small and medium‑sized enterprises (SMEs) in the Liège province by using advantageous loans to support diversification and innovation. INNODEM2 loans were coupled with free advisory services like legal advice, accounting, communication, training and networking, which can increase the success rate of the SMEs. This case is particularly interesting because of its governance arrangements, bringing together public, semi‑public and private regional and local actors to achieve common objectives.