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European Commission Press release Brussels, 07 Jan 2021 The Commission has announced the winners of a new EU-funded initiative for interregional partnerships in four areas: coronavirus-related innovative solutions, circular economy in health, sustainable and digital tourism, and hydrogen technologies in carbon–intensive regions.
European Commission Press release Paris, 07 Jan 2021 The EIB Group, made up of the European Investment Bank (EIB) and European Investment Fund (EIF), and BNP Paribas have announced the signature of a synthetic securitisation to support French small and medium-sized enterprises (SMEs) and mid-caps.
07 Jan 2021 | News
European Innovation Council makes first equity investments in start-ups
EIC takes first step to becoming one of Europe’s biggest venture capital investors as it acquires €178M of shares in emerging science and technology companies. That could increase to €3B over the next seven years
The European Investment Council (EIC) fund is poised to directly invest around €178 million in 42 start-ups, acquiring 10 - 25% stakes for between €500,000 - €15 million each.
These will be the EU’s first ever direct investments in SMEs, marking a step towards the EIC becoming one of Europe’s biggest venture capital funds.
Until now, EU funds, such as the European Fund for Strategic Investments, have shied away from directly investing in start-ups and only provided grants, loans or guarantees, while the European Investment Bank has put money into venture capital firms’ funds, but has not taken a direct role in deciding how this is invested.
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Luxembourg for Finance
Publié Le 06.01.2021
• Édité Le 07.01.2021
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Tous les 15 jours, Nicolas Mackel, CEO de Luxembourg for Finance, invite des leaders de haut niveau des secteurs européen et mondial des services financiers à partager leur point de vue dans le podcast Shaping Finance. L’invité du neuvième épisode est Jean-Claude Juncker, l’ancien président de la Commission européenne.
Welcome to the podcast that shares the views of high-level leaders in the European and global financial services industry.
Nicolas Mackel
. – “Welcome to Shaping Finance, a podcast which offers a platform to high-level decision makers and shapers in international finance. My name is Nicolas Mackel. I’m the CEO of Luxembourg for Finance and the host of this podcast.
The European Investment Bank (EIB) and Banca March are joining forces once again to support the economic recovery of Spanish small and medium-sized enterprises (SMEs – up to 250 employees), mid-caps (between 250 and 3 000 employees) and large corporates (over 3 000 employees) via three agreements. These agreements will mobilise more than €600 million of financing, of which a total of €270 million will be in the form of guarantees or loans from the EIB.
First operation under the EGF: EIB guarantee of up to €100 million to mobilise €267 million. One of the agreements signed is the first operation backed by the EIB under the Pan-European Guarantee Fund (EGF), operative since October and approved by the European Council on 23 April 2020 as part of the package of EU measures deployed in response to the economic impact caused by COVID-19. In particular, the EIB will provide Banca March with a guarantee of up to €100 million that will enable the Spanish bank