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#JunckerPlan - Better access to finance for small businesses in Baltic countries

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The Investment Plan for Europe, or Juncker Plan, is backing a €10 million guarantee agreement signed between the European Investment Bank and the financing company Capitalia, active in Estonia, Latvia and Lithuania.

This guarantee agreement is supported by the European Fund for Strategic Investments (EFSI), the heart of the Juncker Plan, and by the Employment and Social Innovation (EaSI) programme. Thanks to this agreement, small businesses in need of resources in the Baltic countries will be able to receive financing of up to €25,000.

Employment, Social Affairs, Skills and Labour Mobility Commissioner Marianne Thyssen said: "Giving small entrepreneurs the means to put their talent to work with better access to finance is one of our key priorities. This is how we will build a fairer and a more inclusive European Union." A press release is available here.

As of February 2019, the Juncker Plan already mobilized €380 billion of additional investments, including €1.3bn in Estonia, €966 million in Latvia and €1.6bn in Lithuania.

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