Financing opportunities for financial intermediaries to provide short-term liquidity and mitigate the economic impact of the Covid-19 pandemic.
Main purpose: The objective of EGF is to respond to the economic impact of the COVID-19 pandemic by ensuring that companies in the Participating Member States have sufficient short-term liquidity available to weather the crisis and are able to continue their growth and development in the medium to long-term.
This call intends to select eligible financial institutions to become Financial Intermediaries with respect to products intended to be implemented by the EIF under the Pan-European Guarantee Fund. The EIF will deploy these products primarily through intermediated operations with a particular focus on SME and (Small) Mid-Cap final beneficiaries,
Programme: Pan-European Guarantee Fund, EGF/facility
Institution: EIF
Budget: EUR 25bn
Financing type: Debt, equity and guarantee
Who is eligible: Financial Intermediaries committing to support final beneficiaries operating (and established, if relevant) in one or more of the Participating Member States in line with EGF mandate requirements.
In respect of EGF Equity & Debt Funds Products: investment funds and special purpose vehicles, in any form, established or to be established, that undertake long term risk capital investments in the form of equity, preferred equity, quasi-equity, hybrid debt-equity instruments (or other type of mezzanine financing), or any other debt financing.
In respect of EGF Guarantee Products:
a) Guarantees and Securitisation products: public or private entities (including credit or financial institutions or loan (debt) funds), if applicable, duly authorised to carry out debt financing activities according to the applicable legislation;
b) Counter-Guarantees: public or private (counter-) guarantee schemes, (counter-) guarantee institutions or other entities, credit or financial institutions, if applicable, duly authorised to issue guarantees according to the applicable legislation.