More help needed for small businesses says European Investment Fund

New financial instruments must be introduced that are better tailored to the individual needs of smaller businesses in Europe—which are having serious problems in accessing capital for growth—according to both employers and fund managers. Several EU stakeholders including the EIF have called for a comprehensive set of measures to further support these smaller companies obtain finance.  The demand for funding under existing programmes such as the Competitiveness and Innovation Framework Programme (CIP), which EIF manages on behalf of the European Commission, outstrips current budget availability.

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