Highlights




Highlights

Pier Luigi Gilibert

CEO, EIF

“Over time, the EIF has engineered and deployed ever more tailored financial products. What makes this possible is constantly enlarging and deepening our basis of partners and financial intermediaries across the country.
This includes our close ties with our shareholders, as well as other financial intermediaries, national promotional institutions, SME associations and stakeholders. This has provided the EIF with a rich basis of know-how from which to leverage into new and pioneering financial solutions for the SME ma
rket.”


Click for a sample of exciting initiatives and programmes that EIF is working on currently.

Fostering innovation in Fintech: Diversified Debt Funds: LENDIX


The EIF has co-invested with both Bpifrance and CDC in several diversified debt funds, one of which is the ‘LENDIX SME loan funds’. LENDIX is an SME lending platform in France and continental Europe, and enables French, Spanish and Italian SMEs to borrow directly from individual and institutional lenders.


The EIB Group has invested in the LENDIX SME Loan Fund II and III to help LENDIX to expand its level of financing and attract other investors. The LENDIX SME loan funds platform exemplifies the EU and EIB Group’s commitment to support Fintech projects, which continue to be crucial to France’s (and the EU’s) future.

Sharing best practice: NPI Platform collaboration


The EIF proudly welcomed Bpifrance as a founding member of its new NPI Equity Platform in 2016; a partnership that will help to spread best market practice, enhance cooperation and support private investment into a range of initiatives aimed at supporting French SMEs. The Platform now has a total of 38 NPIs from 24 countries across Europe as its members and is a driving force of know how and investment capacity. This collaboration between the EIF and Bpifrance is one example of many, including co-investments in equity & hybrid equity space and collaboration on a securitisation initiative: ENSI.


Supporting EU objectives: InnovFin, COSME & CCS


Certain EU policy objectives are critical in making Europe’s entrepreneurial ecosystem more attractive: Innovation, competitiveness, a thriving cultural and creative sector. InnovFin is a joint EIB Group and EU initiative aimed specifically at fostering innovation across Europe and beyond, focussing on areas such as life sciences, clean energy and high-tech. In a parallel vein COSME, the EU’s growth and competitiveness programme, facilitates access to finance for SMEs, supports internationalisation and creates an environment favourable to competitiveness.


The EIF has deployed a number of instruments under these programmes to assist businesses at all stages of their life cycle, from pre-seed, through start up and expansion.


A recent addition to the EU-wide policy objectives has been the Creative and Cultural Sectors (CCS) mandate. France’s vast cultural heritage and creative trends mean that its entrepreneurs can now benefit from new sources of increasingly specialised financing via financial intermediary partners on the ground.

ALTER’NA: Financing farmers in Europe’s primary agricultural region


The EIF proudly welcomed Bpifrance as a founding member of its new NPI Equity Platform in 2016; a partnership that will help to spread best market practice, enhance cooperation and support private investment into a range of initiatives aimed at supporting French SMEs. The Platform now has a total of 38 NPIs from 24 countries across Europe as its members and is a driving force of know how and investment capacity. This collaboration between the EIF and Bpifrance is one example of many, including co-investments in equity & hybrid equity space and collaboration on a securitisation initiative: ENSI.


Championing regional impact:

FOSTER TPE-PME


The FOSTER initiative (Fonds Occitanie de Soutien Territorial aux Entreprises Régionales) is a new generation of fund-of-funds aiming to improve access to finance for final recipients, set up in cooperation with the French Occitanie region.


The initiative has two branches; one which provides access to finance to SMEs across most sectors of the economy; and the second which specifically targets the agricultural, agri-business and forestry sectors’ financing needs.


Both branches are engineered to boost investment, create growth and support jobs across the country. FOSTER TPE-PME is a good example of a complementary initiative to those such as InnovFin and COSME, whilst the latter target nation-wide needs, the former responds to specific issues relating to the southern French territories.




INAF: a national instrument to transform France’s agriculture

Following the “États généraux de l’alimentation” and within the context of the “Grand Plan d’Investissement 2018-2022”, the EIF has designed – in partnership with the ministry of Agriculture – INAF, French National Agriculture Initiative. INAF complements existing regional schemes under implementation by EIF in the Occitanie and Nouvelle Aquitaine regions.


Funded with EUR 105m (of which EUR 60m of national funding and EUR 45m from the European Fund for Strategic Investments, the “Juncker Plan”), this guarantee instrument aims to help farmers scale up, add value, and transform their production systems. In addition, INAF also supports the generational renewal of French farms. It is expected that INAF will provide financing to approximately 10,000 farms or agricultural enterprises over the next 3-5 years, catalysing almost EUR 1bn of investment through the French agricultural sector.


Reaching out :

ESIF – Ile de la Réunion


The Réunion Région Finance is a fund-of-funds instrument that will help develop a small business ecosystem and sustain a health job market in Réunion. Around 1,000 MSMEs will be able to benefit from this new initiative targeting overall investment of EUR 100m. Launched with the EIB Group and Région Réunion as an EIF flagship cooperation in a French overseas territory, this new partnership is an example of how tailor-made solutions are also a real solution for smaller territories.


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