European Commission and Investment Fund unlock €100 million for businesses

Aug 04, 2020

The European Commission and European Investment Fund have developed a set of measures to support the venture capital market and innovative companies impacted by the coronavirus pandemic. The measures, channelled through the InnovFin Equity Facility within Horizon 2020, will translate into additional liquidity to strengthen the capital base of European SMEs and small mid-cap companies. In addition, a new €100 million Recovery Equity Facility for Innovative Technology will be launched to provide top-up investment capacity to fund managers to further support their portfolio companies negatively impacted by the COVID-19 crisis.