News from 15-02-2017
MCC conclude second COSME Agreement for the Italian Guarantee Fund for SMEs

The European Investment Fund (EIF) and Fondo di Garanzia per le PMI (the Italian Guarantee Fund for SMEs) have signed a second agreement to provide EUR 3.5 billion worth of financing for Italian SMEs under the COSME programme. This transaction benefits from the support of the European Fund for Strategic Investments (EFSI).

This agreement was concluded by Banca del Mezzogiorno – Mediocredito Centrale (MCC), the bank that manages the Italian Guarantee Fund for SMEs on behalf of the Ministero dello sviluppo economico, the Italian Ministry of Economic Development. EIF is providing a counter-guarantee that will enable Fondo di Garanzia per le PMI to grant EUR 3.5 billion worth of financing to Italian SMEs over the next two years. 55 000 Italian SMEs are expected to benefit by gaining access to finance that would otherwise not have been available to them.

Source: MCC