The European Investment Fund (EIF) and Credito Valtellinese s.c. (CREVAL) have signed an InnovFin agreement in Italy to provide €150 million in loans to innovative small and medium sized businesses in Italy.
This transaction benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. Carlos Moedas, European Commissioner for Research, Science and Innovation, said: “Innovation is a key driver for job creation and economic growth in Europe. We want to help Italian businesses access the capital they need to turn their innovative ideas into reality. With today’s €150 million agreement we are doing exactly that.” More information is available online.