Recovery, Competitiveness & Growth
The pandemic’s economic fallout has been followed by intense inflationary pressures, supply chain disruptions, the war in Ukraine and the subsequent energy crisis. In response, we have worked closely with our partners on the ground to make sure that small businesses across the European continent can access the financing they need to overcome these challenges and keep their entrepreneurial projects on track.
We completed the delivery of the EGF through a series of equity and securitisation transactions, and flanked it with further recovery efforts at both European and national level, using locally-tailored instruments and resources coming from national Recovery & Resilience Plans.
In the course of 2022, investments in the growth and competitiveness of European businesses has constituted a major part of our efforts, representing around 43% of our activity in the form of mobilised investments, channelling growth finance in the direction of ambitious start-ups to make sure they are able to take the next step and scale their business despite the multitude of challenges they are facing.
At the same time, the horizontal cohesion objective has remained an item of focus, with a series of new regional mandates taking shape, mainly through joint investment programmes in connection with the EIF-NPI Equity platform. Overall, 39% of our financing benefitted entities in cohesion regions of the EU.
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