SPECIAL REPORT / A new European Commission-backed SME funding instrument, launched last week, seeks to entice increasingly wary banks to back the strapped sector by matching risk associated with innovative companies. But SMEs feel gloomier than ever, new data show. The Risk Sharing Instrument (RSI) signed its first agreement with UniCredit Bank Austria to support up to €120 million of lending over two years.
The instrument was developed by the European Commission in partnership with the European Investment Fund (EIF), the specialist provider of SMEs for the European Investment Bank (EIB), based in Luxembourg.
To read the full, original article click on this link: New SME finance tools launched amid worsening gloom | EurActiv
