Regional Fund-of-Funds Romania

The Regional Fund-of-Funds Romania, using EUR 58.82 million from the Regional Operational Programme of Romania 2014-2020,was created in July 2017 on the basis of a funding agreement between the EIF and the Government of Romania, represented by the Ministry of Regional Development, Public Administration and European Funds.

The Romanian Regional Operational Programme (ROP) aims to promote smart, sustainable and inclusive growth in all regions of Romania, making them more attractive places in which to live and work. The programme addresses major development challenges for Romania, such as regional competitiveness, sustainable urban development, the low-carbon economy, and economic and social infrastructure at regional and local level.

Part of the ROP is being allocated to financial instruments, together with a potential allocation of up to EUR 25 million from EIF-managed resources. These resources shall be used to create one or more equity funds or co-investment facilities to support SMEs located in the less developed regions of Romania. The funds will be managed by financial intermediaries who will be selected by EIF through an open, transparent, proportionate, non-discriminatory and objective selection procedure.