Why don’t we start with the inception of this research project. What were the reasons and motivations behind looking into these loans specifically and their impact?
Anita, Massimo and myself were contacted by the European Court of Auditors to look into the impact of EIF guaranteed loans on SMEs in France. The EU-guaranteed loan scheme is one of EIF’s most important measures.
These loans aim at facilitating banks investing in SMEs. The EIF guarantee is a security buffer, ensuring banks have a limited downside on the loans they grant to SMEs, which makes them more willing to take on the loans in the first place.
According to previous research, 85% of new EU jobs are created by SMEs – so the EU obviously wants to invest in schemes that facilitate the growth of SME. Our study measures the extent to which guaranteed loans are effective in doing that. […]
Read more on Makerstories
or download the App on Google Play or the App Store