InvestEU Innovation & Digitalisation

InvestEU Innovation & Digitalisation

Currency - EUR
Purpose of the loan - Instalment loan (incl. loan with extended period of utilization), credit line, overdraft
Guarantee coverage – up to 80%
Interest rate and fees – preferential conditions. The guarantee fee is covered by ProCredit Bank

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The InvestEU innovation and digitalisation programme is supported by the European Union through the InvestEU Fund, financed by the European Union - NextGenerationEU and with the financial support of Greece as a contributing member state to InvestEU. The Guarantee Programme is funded by the Recovery and Resilience Facility, under the National Recovery and Resilience Plan for Greece.

ProCredit Bank, in partnership with the European Investment Fund (EIF), provides loans to support Small and Medium-sized enterprises under the "InvestEU ustainability" guarantee programme with preferential collateral conditions.

Programme specifications:

Borrowers - Micro, small and medium-sized enterprises, according to the Law on SMEs and Small Mid-Cap;
Loan amount – up to EUR 7.5 million (under certain conditions, the InvestEU funding limit can be increased to €15 million);
Currency - EUR;
Guarantee coverage – up to 80%;
Purpose of the loan - Instalment loan (incl. loan with extended period of utilization), credit line, overdraft;
Interest rate and fees – preferential conditions. The guarantee fee is covered by ProCredit Bank;
Collateral – reduced requirements for the collateral provided by the enterprises, up to 40% of the loan amount;
Term of financing:

- minimum 12 months;

- up to 48 months for revolving loans (credit lines & overdrafts);

- up to 144 months for investment loans.

Client eligibility criteria:

The borrower should comply with one or more of the Innovation Criteria or with one or more of the Digitalisation Criteria.

Innovation Eligibility Criteria

The client should use the loan to invest in producing, developing or implementing new or substantially improved:

- products, processes or services,

- or production or delivery methods,

- or organisational or process innovation.

OR finance investments in intangible assets
The Client is:

- A "fast-growing enterprise", operating in a market for less than 10 years following its first commercial sale;

- AND with an average annualised endogenous growth in employees or in turnover greater than 20% a year, over a three-year period,

- AND with ten or more employees at the beginning of the observation period.

The Client shall have a significant innovation potential or be an "R&I-intensive enterprise”

Digitalisation Eligibility Criteria

The client should use the loan for at least one of the following purposes:

Innovative business models;
Supply chain management;
Product/service innovations;
Customer relationships;
Business development;
Cybersecurity/data protection;
Internal processes;
Digital skills, training and upskilling;
Digitalisation enterprises.

Phone:

+30-2316008840

For a Landline:

+30-801 100 71 71