The ERDF powered ‘Minibonds for Sustainability’ financial instrument, set up by Puglia Sviluppo, the region’s agency for economic development, has achieved its goal of generating over EUR 100 million in new issues, demonstrating that even small and medium-sized enterprises can access the capital market, adopting forms of financing that are complementary to traditional bank finance.
The EquiFund fund of funds was set up in Greece with an overall volume of EUR 448 million and nine equity financial instruments. It provides equity financing to companies that are established or have a branch in Greece and aims to accelerate the development of venture capital and private equity in Greece.
This fi-compass Showcase 2023 submission tells the story of how Inginspekt-Opatija, a company offering a wide range of services in the safety sector, was able to finance the creation of a water testing laboratory to assess and control the quality of drinking and wastewater thanks to an ESIF Growth and Development Loan set up by the Croatian Bank for Reconstruction and Development (HBOR) and co-financed by the European Structural and Investment Funds (ESIF).
Through the ERDF-powered multi-apartment buildings modernisation fund, the Lithuanian Public Investment Development Agency (VIPA) was able to finance the renovation of 800 multi-apartment buildings since 2015, making them more sustainable and energy efficient.
The fi-compass team is happy to invite you to its first fully in person FI-Campus event since the pandemic. The 2023 edition will take place in Brussels from Monday, 13 March until Wednesday, 15 March 2023 and shed light on the opportunities offered by financial instruments as EU citizens and businesses face challenging economic times ahead.
Thanks to two loans backed by the 2014-2020 European Maritime and Fisheries Fund Financial Instrument, three former competitors in the Baltic fishing and fish processing industry have joined forces and invested in a modern plant that gives fish remains a second life.
Thanks to a loan granted by BNP Paribas, under the ERDF co-financed Biznesmax guarantee, Huras, a globally active family-owned company manufacturing machinery and specialised equipment in Poland, was able to develop and grow – even during challenging times.
Sally, a Syrian refugee, was able to open her business in Antwerp and rebuild a life thanks to the support of microStart, Belgium’s leading microfinance institution. Microfinance for vulnerable groups can be combined with targeted coaching and co-financed with EU shared management funds.
With the financial backing of a Friuli-Venezia Giulia EAFRD financial instrument loan, the Paulitti family were able to turn their floriculture company into a successful organic spirulina business.
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