2020: a year in review

It has been a year like no other.

The pandemic has brought about unprecedented levels of uncertainty, insecurity and isolation, as well as an economic downturn that is hitting small businesses hard.

And yet, the same pandemic has also united us like never before. We have found new and different ways of connecting with each other, of tackling problems, of refocusing on what’s important, of putting our heads down and driving forward.

Times of crisis serve to unite us, and it is in this unity that we have launched new initiatives, hit new milestones and continued to foster entrepreneurship across Europe.

Despite market difficulties, and thanks to our valuable partnerships, the EIF has deployed record amounts to the market in 2020, including via our all-important COVID-19 response measures as well as our multifaceted EFSI programme which reached full deployment in 2020. Overall , for every euro channelled via the EIF in 2020, over five euros made their way to small businesses across Europe.

Our commitment to championing innovation and fostering transformational change remains unwavering. Because perseverance and determination also sit at the core of those we exist to support: small businesses.

2020: a year in review

It has been a year like no other.

The pandemic has brought about unprecedented levels of uncertainty, insecurity and isolation, as well as an economic downturn that is hitting small businesses hard.

And yet, the same pandemic has also united us like never before. We have found new and different ways of connecting with each other, of tackling problems, of refocusing on what’s important, of putting our heads down and driving forward.

Times of crisis serve to unite us, and it is in this unity that we have launched new initiatives, hit new milestones and continued to foster entrepreneurship across Europe.

Despite market difficulties, and thanks to our valuable partnerships, the EIF has deployed record amounts to the market in 2020, including via our all-important COVID-19 response measures as well as our multifaceted EFSI programme which reached full deployment in 2020. Overall , for every euro channelled via the EIF in 2020, over five euros made their way to small businesses across Europe.

Our commitment to championing innovation and fostering transformational change remains unwavering. Because perseverance and determination also sit at the core of those we exist to support: small businesses.

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