EIF, ICF Mobilise €64M for Catalonia's Social, Creative Firms
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The European Investment Fund (EIF) will provide the Catalan Finance Institute (ICF) with a capped portfolio guarantee of €64 million to support social enterprises and entities in the cultural and creative sector in Catalonia. This is the first guarantee agreement between the two institutions and aims to have a positive impact on SMEs in Catalonia. The InvestEU programme, which supports this initiative, aims to trigger over €372 billion in additional investment across the EU from 2021-2027. The agreement will improve access to finance for cultural and creative businesses, as well as social enterprises, fostering job creation and strengthening the social impact of these sectors. The EIF and ICF will launch the financing products in the coming weeks.

#Eif #Icf #Catalonia #SocialEnterprises #CulturalSector #CreativeSector #Investeu #Finance #JobCreation

https://www.miragenews.com/eif-icf-mobilise-e64m-for-catalonias-social-1172103/