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Investment plan for Europe: €19 million for SMEs in Sweden

Staff writer ▼ | February 10, 2016
The European Investment Fund (EIF) and Norrlandsfonden have signed a guarantee agreement to increase lending to innovative small and medium-sized enterprises (SMEs) and small mid-caps in Sweden.
Small businesses   The European Investment Fund (EIF) and Norrlandsfonden
This transaction benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe.

The agreement will allow Norrlandsfonden to provide SEK 180 million (around €19 million) of new loans to innovative companies in Sweden over the next 2 years. The loan comes under the Horizon 2020 programme's InnovFin initiative.

European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: "The Investment Plan for Europe is bearing fruit across the EU and I am pleased to see Sweden benefiting from the EFSI.

"The guarantee agreement signed today between the EIF and Norrlandsfonden will help small Swedish companies get access to the financing they need for their businesses to grow."