Investment Plan for Europe: European Investment Fund and BPCE Group sign a €300m InnovFin deal for French SMEs

The European Investment Fund (EIF) and Banque Populaire have signed an InnovFin deal in Paris to provide €300 million of loans to innovative companies in France over the next 2 years via its regional network of Banques Populaires. This transaction benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. European Commissioner for Economic and Financial Affairs, Taxation and Customs, Pierre Moscovici, attended the signing event, and said: “Today’s important agreement between the EIF and Banque Populaire is another concrete example of the impact the Investment Plan for Europe is having in France. The European Fund for Strategic Investments is already supporting several large infrastructure projects and thousands of SMEs all over the country, helping to develop renewable energies, regenerate contaminated sites for urban renewal, and improve the energy efficiency of our homes. I hope that many up-and-coming SMEs with innovative ideas will take advantage of these new loans, starting today.”