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The European Investment Fund`s portfolio guarantee is used to finance small and medium-sized enterprises under attenuated conditions. Internal Market Commissioner Thierry Breton said: “Small and medium-sized enterprises are very affected by the coronavirus pandemic. We reacted very quickly to provide them with immediate liquidity. Thanks to this rapid measurement, the coronavirus measurement is already available in more than 20 European countries under the COSME loan guarantee mechanism. With today`s agreement, SMEs in Bosnia and Herzegovina will also benefit from EU support for reconstruction. The European Investment Fund (EIF) and the Bank of Ireland have signed an agreement to increase lending to innovative small and medium-sized enterprises (SMEs) and small and medium-sized enterprises under InnovFin – EU funding for innovators, an initiative supported by the European Commission. The new agreement will enable the Bank of Ireland to provide eur 100 million in financing to innovative companies in Ireland over the next two years, with the support of an EIF guarantee, which will be supported under Horizon 2020, the EU`s framework programme for research and innovation. This is the first signing of the InnovFin SME guarantee in Ireland, which allows Bank of Ireland to offer additional financing to innovative companies on advantageous terms. The Central Mission of the European Investment Fund (EIF) is to support micro and medium-sized enterprises (SMEs) in Europe by providing them with access to financing. The EIF designs and develops venture capital and growth capital, guarantees and microfinance instruments that specifically target this market segment.

In this regard, the EIF supports the EU`s objectives in promoting innovation, research and development, entrepreneurship, growth and employment. At the end of 2014, the EIF`s net commitments to private equity funds amounted to more than EUR 8.8 billion. By investing in more than 500 funds, the EIF is a leading player in the European company because of the scale and scale of its investments, particularly in the high-tech and early stages segments.