InvestEU: European Investment Fund and Denmark’s Export and Investment Fund support digitalisation of SMEs with €42.7 million in new loans
The European Investment Fund (EIF) and Denmark’s Export and Investment Fund have signed a guarantee agreement to support over DKK 318 million (€42.7 million) in new loans to Danish businesses investing in digitalisation and innovation, such as research and development activities, as well as the adoption of new technologies. The agreement is backed by the InvestEU programme under the ‘Innovation and Digitalisation’ window, supporting new debt financing for small and medium-sized enterprises.
Paolo Gentiloni, Commissioner for Economy, said: “InvestEU is enabling small and medium-sized companies to contribute to digitalisation and innovation across Europe. We are delighted that, with this agreement, we will provide key support to Danish companies investing in innovation and digitalisation, thereby creating opportunities for businesses to grow and create jobs.”
The InvestEU programme provides the EU with long-term funding by leveraging private and public funds in support of EU policy priorities. As part of the programme, the InvestEU Fund is implemented through financial partners who will invest in projects using the EU budget guarantee and thus mobilising at least €372 billion in additional investment.
A press release is available online.