About Jeremie

JEREMIE (Joint European Resources for Micro to Medium Enterprises) is a joint initiative launched by the European Commission (Directorate-General Regional Policy) and the European Investment Bank (EIB) Group to improve access to finance for Micro, Small and Medium-sized Enterprises (SMEs) in the EU within the Structural Funds framework for the period 2007 – 2013. JEREMIE offers the EU Member States, through their national or regional Managing Authorities, the opportunity to use part of the resources made available from the EU Structural Funds and also national resources into Holding Funds. The JEREMIE Holding Fund provides finance to SMEs in a flexible, sustainable and innovative way, by providing equity, (micro) loans or guarantees financial instruments through selected local financial institutions acting as European Investment Fund (EIF) intermediaries.

Continue reading

About Jeremie Bulgaria

In Bulgaria, the JEREMIE Holding Fund (JHF) is financed by the European Regional Development Fund (ERDF) and co-financed by 15% by the State Budget within the framework of the Operational Programme (OP) “Development of the Competitiveness of the Bulgarian Economy 2007 – 2013”. Under this OP, the Ministry of Economy, Energy and Tourism (MEET), has allocated contributions under the Priority Axis 3, including a national contribution, equal to EUR 349 million for the implementation of the JEREMIE Initiative aiming to improve the access to finance for Small and Medium-sized Enterprises (SMEs) through various financial engineering instruments.

Continue reading

About EIF

European Investment Fund’s (EIF) mission is to support Europe’s Micro, Small and Medium-sized Enterprises (SMEs) by helping them access finance. EIF primarily designs and develops venture capital and guarantees instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.

Continue reading