EU
#JunckerPlan supports small- and medium-sized businesses in Italy with €330 million in financing
The Juncker Plan's European Fund for Strategic Investments is backing an agreement signed in Italy. The deal is between the European Investment Bank (EIB) Group and Italian bank Banco BPM, to provide €330 million in financing to small and medium sized businesses and mid-cap companies in the industrial, agricultural, tourism and services sectors. Jobs, Growth, Investment and Competitiveness Vice President Jyrki Katainen (pictured) said: "The financing agreement signed today between the EIB Group and Banco BPM in Italy makes clever use of the EU budget guarantee. With its help, Italian businesses are gaining access to more than €300m in new loans. The Investment Plan continues its strong support of the Italian SME market, with nearly 290,000 small and medium businesses in Italy already benefitting from financing at favourable terms." A press release is available here. As of June 2019, the Juncker Plan has mobilised nearly €410 billion of additional investment, including €65.4bn in Italy. The Plan is currently supporting 952,000 small and medium businesses across Europe.
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