The Juncker Plan has backed an agreement between the European Investment Bank Group and BBVA that will result in €360 million being made available for small and medium-sized businesses in Spain. Facilitating access to finance for these businesses will provide them with the support they need to expand, innovate and create jobs. Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said...
The European Fund for Strategic Investments was designed to help facilitate access to finance for small and medium-sized enterprises so that they can take their next steps. I welcome today's agreement which will allow Spanish businesses to access some €360 million in financing to invest in their future growth. They will join over 850,000 other small and medium-sized businesses who are already expected to benefit from the Investment Plan across Europe." Spain is the fourth largest beneficiary of the Juncker Plan, in relative terms. As of December 2018, the European Fund for Strategic Investments (EFSI) at the heart of the Juncker Plan has already mobilised €371.2 billion of investment across Europe, including over €46 billion in Spain alone. A full press release is available here.
