Investment Plan for Europe: €40 million for SMEs in Belgium

The European Investment Fund (EIF) and Flemish investment group PMV have signed a COSME agreement in Belgium, benefiting from the support of the European Fund for Strategic Investments (EFSI) the heart of the Investment Plan for Europe. The agreement will allow PMV to provide €40 million of loans to over 700 SMEs in Belgium over the next two years. Speaking at the signing event, European Commissioner Marianne Thyssen, responsible for Employment, Social Affairs, Skills and Labour Mobility, said: “I am very pleased that we are signing the first EFSI agreement with partners in Flanders today. More than 700 SMEs will be able to access €40 million in funding through new loans. The Investment Plan for Europe has been designed to create new jobs and boost innovation. Today this commitment turns into reality in Flanders.”