Framework Operation #22 for SME Competitiveness Guarantee – Bulgaria lnvestEU Member State Compartment (Capped Guarantee)

Under the Bulgaria Member State Compartment, the EU will provide to the EIF an EU guarantee to cover financing operations and implementation costs of Member State Compartment in Bulgaria. Such guarantee is underpinned by the resources of the Bulgaria Recovery and Resilience Facility that have been made available to the EC based on the contribution agreement signed between Bulgaria and EU. The purpose of using the Member State Compartment is to enable both the Member State and the EIF to streamline the implementation by relying on the already set product terms under the lnvestEU EU Compartment (in this case the SME Competitiveness Guarantee) as well as to benefit from the overall deployment framework already operational at lnvestEU. The implementation of the Sub-Projects under this Framework Operation builds on the successful implementation of operations in Bulgaria under the predecessor initiative COSME LGF, as well as other guarantee initiatives supported by the European Structural and Investments Fund, such as the SME Initiative Bulgaria. The Sub-Projects that will fall under this Framework Operation will aim at improving the competitiveness of enterprises by facilitating access to, and the availability of finance predominantly to SMEs, which are perceived by financial intermediaries as being high risk or lacking sufficient collateral.

Links and documents

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

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