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Framework Operation #4 for SME Competitiveness Guarantee


This Framework Operation will support Sub-Projects aiming at improving the competitiveness of enterprises by facilitating access to, and the availability of finance to SMEs, which are perceived by financial intermediaries as being high risk or lacking sufficient collateral. It will include also Sub-Projects aimed at providing solvency support to SMEs negatively affected by the COVID19 pandemic. In this case, intermediaries will provide subordinated lending to such final recipients, in order to address their recapitalisation needs and therefore contributing to, inter alia, stabilising the financial position of SMEs, enhancing their borrowing capacity and supporting business investment. It builds on the implementation of the previous guarantee programmes managed by the EIF, namely the COSME Loan Guarantee Facility, and it brings elements of novelty by providing solvency support to SMEs via subordinated debt transactions.

InvestEU operation amount n.a.
Sector Multi-sector
Subsector n.a.
Policy window Small and Medium Sized enterprises (SMEW)
Approval by the Investment Committee 07 July 2022

Links and documents

Framework Operations (“FO”) represent envelopes under which the Implementing Partner then can add sub-projects. The FO is published when the first sub-project is signed. The field “Project locations” references the possible geographical location of sub-projects that can be signed under the FO. It does not mean that for each of the Member State listed a signed sub-project exists. 

For further details about signed operations under InvestEU, see Access to EU Finance

24 JANUARY 2023
Conclusions - Framework operation #4 for SME Competitiveness Guarantee
24 JANUARY 2023
Scoreboard - Framework operation #4 for SME Competitiveness Guarantee

Disclaimer: The Commission gives no warranty and makes no representation, whether expressed or implied, that the information is error free. The information is provided without any guarantees, conditions, or warranties as to its accuracy. This portal is made available for information purposes only.

Policy window
  • SMEs (SMEW)
Eligible areas
  • SMEs and small mid-caps
Implementing partner
  • EIF