Italy: €18.7 million to support social enterprises in Italy
  • 2023-05-04
  • Entrepreneurship Research Center on G20 Economies
  • Edit
  • The European Investment Fund (EIF), backed by InvestEU, will provide a €18.75 million guarantee to CGM Finance to finance investments in social enterprises in Italy. This transaction is backed by InvestEU, the European Commission's programme aiming to mobilise at least €372 billion in investments for EU policy priorities by 2027.

    This agreement will enable CGM Finance to provide more financing to Italian social enterprises — organisations whose activities have a strong social impact, and whose model prioritises people over profit.

    The EIF will make €18.75 million — extendable up to €25 million — of guarantees available to social enterprises and startups via loans approved by CGM Finance for the three-year period from 2023 to 2025. The risk coverage is up to 80% of the initial value of the financing and will be guaranteed for up to 12 years after the end of the inclusion period. This will allow CGM Finance to support more social enterprises, reduce the risk and also support younger and smaller entities. The good risk coverage margin allows CGM Finance to minimise possible future risks, thus enabling it to invest in a larger number of innovative projects and enterprises.

  • Partners

  • Global Health Innovation Center (GHIC)
  • World Intelligent Incubation Network (WIIN)
  • National University of Singapore
  • Canada-China Institute For Business & Development
  • TusPark Research Institute for Innovation
  • Cross-strait Tsinghua Research Institute
  • Tsinghua X-Lab

  • Copyright©2019 Entrepreneurship Research Center on G20 Economies      Support: Eteda Technology Company