Guarantee institutions stand ready to support SMEs that are under pressure in times of economic distress caused by the outbreak of COVID-19. Many of them reacted in no time, setting up specific support schemes with favourable conditions. Read more about their actions as well as our requests to EU decision-takers here: Press release
AECM members inform about the measures they adopt to support SMEs through the covid crisis on dedicated web pages, in FAQs, via hotlines and so on. Please find here a list of links to the information pages.
Demand for guarantees exploded in the month of April 2020 and guarantee institutions do what they can to respond to this increased demand. Find here a hand-out giving an – of course non-exhaustive – overview of efforts undertaken by our members.
Following an agreement between the European Commission and the EIB Group, on 6th April 2020, the EIF announced a top-up of the funding of the EU financial instruments COSME and InnovFin with favourable conditions. AECM warmly thanks the Commission as well as EIB and EIF for their swift and pertinent reaction to the corona crisis. Read more in our press release.
On 27th May, the European Commission presented its updated proposal for the next Multiannual Financial Framework (MFF) including a recovery fund. Please find under this link the first reaction of AECM on this proposal.
On 2nd June, AECM Special Honorary Chairman José Fernando Figueiredo presented the measures of AECM members to mitigate the economic consequences of the covid pandemic at an OECD webinar. Have a look at his presentation under this link.