This agreement benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe, the Juncker Plan.
European Commissioner for Research, Science and Innovation, Carlos Moedas, said: “This is great news for Luxembourgish innovative small and medium businesses, which sometimes just need a little financial boost to turn their ideas into concrete projects with high commercial values. Innovative businesses across Europe can expect even more support from the EU to develop new products and expand in next long-term EU budget, especially with the new Horizon Europe and InvestEU programmes.”
Banque et Caisse d'Épargne de l'État, Luxembourg Chief Executive Officer, Françoise Thoma, said: “As a long standing shareholder of the European Investment Fund and in light of one of BCEE’s missions consisting in the contribution by its finance activities to the economic and social development of the Luxembourg economy, BCEE is particularly proud to announce the partnership with the EIF which will benefit the innovative small and medium sized companies among its client base. BCEE is convinced that this partnership with the EIF will enable these companies to grow their businesses contributing thereby, as part of the backbone of the Luxembourg economy, to the value and job creation in Luxembourg and beyond.”