Agreement signed for SMEs
Athens – The Greek government and the European Investment Fund (EIF) signed a Memorandum of Understanding in October, which is to implement ‘Jeremie’. The initiative allows the EU Member States and regions to use part of their structural fund allocations to support start-ups and micro-enterprises through loans,
equity, venture capital and guarantees. It is intended to help foster entrepreneurship and support the Lisbon goal of making Europe’s economy the most competitive in the world by 2010.
The EIF will now become the ‘Jeremie’ Fund Manager. It will also be charged with identifying the most suitable instruments (guarantees, venture capital, microfinance), assisting in the establishment of structures and instruments suitable for the diffusion of the ‘Jeremie’ funds in Greece and implementing and managing SME micro-finance actions.