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Tag: small

Investment Plan in Spain: European Investment Bank and Banco Sabadell join forces to provide €576 million in loans to small businesses

The European Investment Bank is providing Spanish bank Banco Sabadell with a €96 million guarantee, allowing it to lend €576 million to SMEs and mid-cap companies in Spain. This financing agreement will benefit around 1,400 companies, which employ some 79,000 people. In addition, part of the loans must go to ‘green’ projects such as energy […]

State aid: EU Commission approves a €60 million Hungarian direct grants scheme to support micro, small and medium-sized companies affected by the coronavirus outbreak

The European Commission has approved an approximately €60 million (HUF 21 billion) Hungarian scheme to support micro, small and medium sized enterprises (“SMEs”) affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020 and 8 May […]

State aid: EU Commission approves French guarantee scheme for exporting small and midsize companies affected by coronavirus outbreak

The European Commission has approved, under EU State aid rules, a French guarantee scheme for small and midsize companies with export activities that are affected by the coronavirus outbreak. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “The French guarantee scheme, which is expected to mobilise €200 million, will support exporting small and […]

State aid: EU Commission approves prolongation and modification of the French “Fonds de solidarité” scheme for small enterprises

….in temporary financial difficulties due to coronavirus outbreak The European Commission has found France’s prolongation and modification of a previously approved scheme to support small and micro-enterprises as well as self-employed people affected by the economic repercussions of the coronavirus outbreak to be in line with EU State aid rules. The existing scheme, called “Fonds […]