2020 has been a year like no other. The pandemic has brought about unprecedented levels of uncertainty, insecurity and isolation, as well as difficulties for millions of small businesses across the EU.
In response, the EIF has launched a series of new initiatives and adapted existing ones in order to generate as much support as possible in the form of better access to finance for European SMEs and mid-caps. These COVID-19 response measures have come over and above the normal course of business that has continued unabated. As a result, together with our partners, we have deployed 26% more funds compared to 2019, and generated financing opportunities for more than 370,000 SMEs. Discover more details in our Annual Report.
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