First, the European Investment Fund (EIF) and Polish national promotional bank Bank Gospodarstwa Krajowego (BGK) are doubling their support for loans to a total of PLN 4 billion (c. €950 million) for more than 18,000 small businesses and entrepreneurs across Poland. Second, the EIB is providing a €200m loan to renovate Madrid’s metro network, improving accessibility and increasing its capacity.
Third, the EIB is supporting the development of the Roland Garros airport on Reunion island, one of the EU’s outermost regions, with €100m in financing. Commenting on the Polish SME financing agreement, Internal Market, Industry, Entrepreneurship and SMEs Commissioner Elżbieta Bieńkowska said: “Less than a year ago, BGK signed an agreement with the European Investment Fund to double their support to SMEs in Poland with the backing of the EU’s budgetary guarantee, and today this is being doubled once again. Thanks to our joint efforts and enhanced co-operation with BGK we have provided small businesses with access to finance: already 7,000 SMEs have benefitted from this Polish-EU cooperation. Europe’s economy depends upon its entrepreneurs. Keep up the good work.”