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Encyclopedia > European Investment Fund

The European Investment Fund, established in 1994, is a European Union agency for the provision of finance to SMEs (small and medium-sized enterprises). 1994 was a common year starting on Saturday of the Gregorian calendar, and was designated the International year of the Family. ... Small and Medium-sized Enterprises or SMEs are companies whose headcount or turnover falls below certain limits. ...

It does not lend money to SMEs directly; rather it provides finance through private banks. Its main operations are in the areas of venture capital and guaranteeing loans. Its shareholders are: the European Investment Bank (approx. 60%); the European Communities, represented by the European Commission (approx. 30%); and several privately-owned EU financial institutions (approx. 10%). Venture capital is a general term to describe financing for startup and early stage businesses as well as businesses in turn around situations. ... A shareholder or stockholder is an individual or company (including a corporation), that legally owns one or more shares of stock in a joint stock company. ... The European Investment Bank (the Banque Européenne dInvestissement) is the European Unions financing institution and was established under the Treaty of Rome (1957). ... The European Community (EC), most important of three European Communities, was originally founded on March 25, 1957 by the signing of the Treaty of Rome under the name of European Economic Community. ... The European Commission (formally the Commission of the European Communities) is the executive of the European Union. ...

See also

  Results from FactBites:
Financing Innovation: Schemes: EIF (747 words)
The European Investment Fund is a public-private partnership established in 1994 with a capital of 2 bn Euro and owned by the European Investment Bank, the European Commission and the banking sector.
A key element of the European Investment Bank's new action launched in June 2000, the Innovation 2000 Initiative, is the expansion of activity in support of venture capital financing for SMEs.
Funds in which the EIF invests, must be located in the European Union and conduct the bulk of their activity in the EU.
The European Investment Fund (169 words)
Its majority shareholder is the European Investment Bank, with which it forms the ‘EIB Group’.
The EIF is not a lending institution: it does not grant loans or subsidies to businesses, nor does it invest directly in any firms.
The Fund is active in the member states of the European Union, in Croatia, Turkey and three EFTA countries (Iceland, Liechtenstein and Norway).
  More results at FactBites »



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