AECM, European Association of Guarantee Institutions
News from the members
The European Investment Fund and Bpifrance have signed on February 1st a guarantee agreement – the first in France supported under the new Cultural and Creative Sectors Guarantee Facility from the EU’s Creative Europe programme.
The European Union’s support allows Bpifrance to create a new financing product (Prêt Industries Créatives) which will target a portfolio of EUR 30 million of loans to companies over the next two years. More than 200 SMEs in the cultural and creative sectors (including film, theatre, video game production, music and performance, and editorial sectors) are expected to access this new programme which will be available in June this year. Read more
Innovative entrepreneurs have received loans in the amount of PLN 457 m thanks to guarantees granted by Bank Gospodarstwa Krajowego (Poland). In the last year innovative entrepreneurs could receive free guarantees offered by BGK. More than PLN 250 m from the Guarantee Fund has enabled companies to raise financing from commercial banks in the amount of PLN 457 m. PLN 250 m funding came from the (untapped) funds from Innovative Economy Operational Programme. Read more
The European Investment Fund (EIF) and the National Guarantee Fund EAD (NGF) have signed an agreement that will release an additional EUR 40 million for Bulgarian small and medium-sized enterprises (SMEs) under the European Commission’s COSME programme. This transaction benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. Read more
More than a year after the European Fund for Strategic Investments (EFSI) was set up, Bpifrance applauds the initial results of the Investment Plan for Europe (IPE), as regards the SME window in particular. Read more
The European Investment Fund (EIF), Artigiancredito Toscano (ACT) and five guaranteeing institutions (‘confidis’), have signed an umbrella agreement in Italy under the European Commission’s COSME programme. This transaction benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. Read more
Selected events
12 July 2017
Macro-regional conference on EAFRD financial instruments for agriculture and rural development in 2014-2020
28/29 September 2017
16th International Conference on Credit Risk Evaluation Designed for Institutional Targeting in finance.
The co-sponsors of the Conference are GRETA Associati (Venice, Italy), the European Investment Fund (Luxembourg) and Intesa Sanpaolo (Milan, Italy). The Conference is organised under the auspices of the Department of Economics of the University Ca’ Foscari of Venice, ABI – Italian Banking Association and European Investment Bank.
11/12 October 2017
1st Agri Innovation Summit in Lisbon
The 1st edition of the Agri Innovation Summit, a European event to foster innovation and digitisation in agriculture and rural areas, will be held in Lisbon, Portugal, in October 2017. This is a joint initiative of a Portuguese consortium, the Portuguese Government, the EIP-Agri network and the European Network for Rural Development.
2/3 November 2017
Global SME Finance Forum in Berlin
The two-day event comprising of senior executives from commercial banks, development finance institutions, fintech companies, as well as regulators will focus on balancing SME growth and security.
22-24 November 2017
SME Assembly Estonia
The 2017 SME Assembly will take place in Tallinn, as the flagship event of the European SME Week
Our Mission
AECM has 41 member organisations operating in 21 EU countries, Bosnia and Herzegovina, Russia, Serbia and Turkey. Its members are mutual, private sector guarantee schemes as well as public institutions, which are either guarantee funds or Development banks with a guarantee division. They all have in common the mission of providing loan guarantees for SMEs who have an economically sound project but cannot provide sufficient bankable collateral.
