New investment fund will support small and medium-sized enterprises in Bulgaria

A new investment fund, within the JEREMIE initiative, will support small and medium-sized enterprises in Bulgaria. The Financing Agreement was signed by Bulgaria’s Economy Minister Emil Karanikolov and Deputy Director of the European Fund, Roger Havenith on 14^th of June

The fund will have a capital of 25 million euros, of which 20 are national funding, and the remaining 5 come from private capital. The fund will support small and medium-sized innovative companies.

200,000 euros is the maximum amount by which companies can be supported through equity investments over the next 5 years.

The Deputy Director of the European Investment Fund praised Bulgaria for the successful use of EU funds in the Bulgarian economy.

The aim of the fund is to overcome economic inequality in the regions.