The European Union new initiative to support small companies
The European Union new initiative to support small companies
Business News

The European Union new initiative to support small companies

237 million Euros will support 20.000 micro-enterprises

The European Commission together with the European Investment Fund (EIF) have launched a new support program for micro-enterprises.

The main concept is that 20.000 micro-enterprises will have access to the dedicated funds, for a total value of 237 million Euros. This initiative is framed within the European Program for Social Employment and Innovation and the main authorities cheerfully welcomed it.

In fact, micro-enterprises are considered the "economic engine" of many European countries and therefore, supporting them is a priority. This EU initiative is currently raising lots of optimism: according to recent forecasts, it is expected to mobilize a 500 million Euros lever action within the period 2014-2020.

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