Tag ‘European Investment Fund’
CUBESPACE, an SME from the Czech Republic, has been building schools, family houses, sport halls and hotels using the modular building system. In 2017, the company decided to expand and produce rental fleet containers. As CUBESPACE Managing Director Martin Kokta makes clear: “We wanted to start cooperating with foreign investors who want to rent property in the EU. CUBESPACE builds and remains the owner of these buildings (usually offices), and rents them to investors.”
To invest in more properties and attract more investors, CUBESPACE needed a loan.
Equa Bank offers a range of retail and corporate banking services. The bank agreed to lend CUBESPACE Kč35 million (ca. €1.4 million), 50% of which was guaranteed by COSME, the EU programme established to help small and medium-sized enterprises (SMEs).
Thanks to this, CUBESPACE increased its production by half, doubled its number of employees, started 2-shift production and gained access to a wider client pool.
The loan was possible based on a 2016 agreement signed between Equa Bank and the European Investment Fund (EIF). This agreement will allow Equa bank to provide Kč1.8 billion (ca. €66.5 million) in loans to Czech SMEs over 2 years.
Take it from Cubespace, the agreement brings results. As Equa Bank’s Head of Business Banking Department Vojtěch Záškodný explains: “We have provided loans to about 75 SMEs, backed by the COSME Loan Guarantee Facility so far. Many of the clients would not have reached the requirements had it not been for the guarantees provided by the EIF.”
Businesses can contact selected financial institutions in their country to access EU financing: access to finance website.
Read the original article on the COSME website.
Invest Europe, the association representing Europe’s private equity, venture capital and infrastructure sectors, has once again joined forces with policymakers, the investment industry, policy–focused organisations and entrepreneurs to host Invest Week 2017. Supported by the Estonian Presidency of the Council of the European Union, Invest Week 2017 will focus on how Europeans can work together to create a brighter future through investment and innovation. A variety of events throughout the week will look at the role of investment in stimulating sustainable economic growth.
Michael Collins, CEO of Invest Europe stated:
“Europe is a global standard bearer for sustainable investment and has an increasingly powerful entrepreneurship and innovation culture. With 30 organisations spanning finance, pensions, insurance and entrepreneurship involved, Invest Week exemplifies the cross-border, collaborative approach that makes Europe a special place to invest and build businesses.”
“Invest Europe is proud to once again lead the organisation of Invest Week, which has this year secured the backing of the Estonian Presidency, the European Investment Bank and the European Investment Fund. We look forward to a packed agenda sharing ideas to help the EU meet its sustainable investment goals.”
Consult the agenda to view already scheduled events covering topics ranging from funding for start-ups, female entrepreneurship, financial regulation and sustainability. Confirmed speakers include: European Commission Vice President Jyrki Katainen, serial entrepreneur and investor Hermann Hauser, Chairman of the European Innovation Council, and Roger Havenith, Deputy CEO for the European Investment Fund.
For events and the latest updates, follow Invest Week 2017 on Twitter.
Journalists are welcome to attend Invest Week events. For more information and registration, please contact Emma Thorpe on email@example.com.
Read the full press release here.
About Invest Europe
Invest Europe is a non-profit association located in Brussels, that represents Europe’s private equity, venture capital and infrastructure sectors, as well as their investors. Their members take a long-term approach to investing in privately held companies, from start-ups to established firms. This commitment helps deliver strong and sustainable growth, resulting in healthy returns for Europe’s leading pension funds and insurers, to the benefit of the millions of European citizens who depend on them.
Invest Europe aims to make a constructive contribution to policy affecting private capital investment in Europe, and provides information to the public on their members’ role in the economy. Their research provides the an authoritative source of data on trends and developments in their industry. It also promotes the industry’s professional standards, demanding accountability, good governance and transparency from their members.