What we do
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Pan-European Venture Capital Fund(s)-of-Funds programme
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
AGRI Guarantee Facility
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Microfinance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
EFSI Equity instrument
Regional Development - Country and sector-specific initiatives
Baltic Innovation Fund (BIF)
Competitiveness Fund-of-Funds for SMEs in Romania
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Venture Initiative (DVI-II)
European Recovery Programme (ERP)
ERP-EIF Co-Investment Growth Facility
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
JEREMIE
LfA-EIF Facility
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
The EIB Group Risk Enhancement Mandate (EREM)
Western Balkans Enterprise Development & Innovation Facility II (WB EDIF II)
ESIF Fund-of-Funds Greece

The SME Initiative Italy

  •  
    Date: 21 October 2016 - 30 September 2017

SMEI Italy logos

The SME Initiative (SMEI) - launched in Italy in October 2016 - is co-financed by the Republic of Italy, the European Commission and the EIB Group - the European Investment Bank (EIB) and the European Investment Fund (EIF) - with EIF managing the scheme on behalf of the different contributors.

SMEI is a public-private partnership acting as catalyst for private investments and supporting economic growth and job creation in southern Italy (the so called “Mezzogiorno”) which includes 8 Regions: Abruzzo, Basilicata, Calabria, Campania, Molise, Puglia, Sardinia and Sicily.

To this end, it entails an innovative use of European Structural and Investment Funds (ESIF) combining the latter with additional national resources, EU central budget (resources from the programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME) and EIB Group funds.

Through the use of securitisation structures (both funded and synthetic unfunded), the EUR 202.5m of contribution of the Republic of Italy - of which EUR 102.5m of ESIF from the European Regional Development Fund (ERDF) and EUR 100m of national resources - leveraged with commercial lending, are expected to generate about 1.2bn of new SME loans at favorable terms in southern Italy.

Under SMEI Italy, EIF will enter into securitisation transactions of existing portfolios of debt finance to SMEs and Small Mid-Caps. The selected financial intermediaries shall in turn undertake to provide new lending to SMEs located in the Mezzogiorno area, multiplying both the contribution of the Republic of Italy and  of COSME allocated to the relevant underlying securitisation transaction. For details, refer to the Call for Expression of Interest below.

How to benefit from the SME Initiative Italy

For financial institutions:
If you are eligible to become an EIF financial intermediary, you can download all the application documents here below and apply by 30th September 2017 responding in full to the Call for Expression of Interest. The application documents include important information about the SME Initiative financial instruments, the eligibility and exclusion criteria for financial intermediaries and about the selection process. Applications will be processed on a “first come and first assessed" basis as described in the Call for Expression of Interest.

Call for Expression of Interest [PDF]

Annex I - Expression of Interest [.doc]

Annex I - Information requirements [.xls] 

Annex II – Indicative SMEI transaction Term-Sheet

Terms of confidentiality

For SMEs
EIF does not finance entrepreneurs or SMEs directly, but only via financial intermediaries. If you are looking for finance and would like to see which financial intermediaries currently cooperate with us in Finland, please visit www.eif.org/what_we_do/where/it/index.htm

For information about funding available under other EU initiatives, please visit http://europa.eu/youreurope/business/funding-grants/access-to-finance/


 
 

Copyright ©

 European Investment Fund 2016 – The European Investment Fund is not responsible for the content of external internet sites.