SME Initiative

The Small and Medium Enterprise (SME) Initiative was launched on 15th July 2015 and is co-financed by the Republic of Malta, the European Commission and the EIB Group (i.e. the European Investment Bank and the European Investment Fund), with the EIF managing the scheme on behalf of the different contributors.

As per the Operational Programme under the ‘Investment for Growth and Jobs’ goal – Stimulating private sector investment for economic growth, the SME Initiative aimed at improving the competitiveness of SMEs in Malta by facilitating SMEs’ access to finance, reducing the pricing of SME financing and the collateral requirement for SME loans.

The Financial Instrument provided for an uncapped guarantee for a portfolio of new loans to SMEs supporting 75% of the risk of each loan originated by the selected financial intermediary/ies. The purpose of this loan was to allow investment by SMEs, in both intangible and tangible investments as well as related working capital where and as needed.

Total OP budget: €29,000,000.00

EU Co-Financing Rate: 100%​

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