”The agreement with EIF will allow us to enhance our support to growth and innovation in Danish companies. EKF is already helping more than 500 SMEs every year, in most cases by strengthening their working capital. But we are happy that we are able to offer an additional facility to innovative companies in cooperation with EIF and the banks”, says Anette Eberhard
, CEO of EKF.
SMEs, who are either exporters or subsuppliers to export companies, are the main targets of the programme. Companies with up to 500 employees will also be able to benefit from one of the new InnovFin guarantees offered by EKF. The programme does not cover companies with more than 500 employees.
Apart from lower premiums, a series of eligibility criteria and limitations regarding the size of eligible companies, issuance of guarantees under the InnovFin-programme will follow the usual procedures. EKF's normal criteria for issuance of guarantees still apply, and credit assessments are based on EKF's usual rating model. As usual, a bank will have to grant the credit. How to apply
The EU funding programme for innovative Danish companies is now available through EKF in cooperation with the banks. Therefore, companies who need credit to develop their business must contact their bank as usual. The bank will then contact EKF who will grant the credit in cooperation with the bank. Part of Horizon 2020
The InnovFin programme is part of Horizon 2020, which is one of EU's framework programmes for R&I. The programme is backed by more than EUR 80 billion from the EU during 2014-2020. Furthermore, the agreement between EKF and EIB is guaranteed by the European Fund for Strategic Investments (EFSI), who is the key player behind the investment plan for Europe, also known as The Juncker Plan.
For further information, please contact:Søren Weber Stendal
, Senior Communications Consultant, EKF, M: +45 20 19 45 21, E: firstname.lastname@example.org