In the regions of Andalusia, Aragon, Extremadura and Madrid
The European Commission has welcomed the signing of a new agreement between the European Investment Bank Group and Ibercaja within the framework of the Spanish "SME Initiative" program.
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La European Commission welcomed the signing of a new agreement between the European Investment Bank Group e Ibercaja within the framework of the Spanish program of the «SME Initiative", which should benefit some 2,000 small businesses in the regions of Andalusia, Aragon, Extremadura and Madrid.
With a contribution of 800 million euros from European Regional Development Fund (ERDF), the SME Initiative boosts the competitiveness of small businesses Spanish companies through innovative methods of investing cohesion policy funds. 35 Spanish entrepreneurs and small businesses have already benefited from the support of the program since its launch in January 000.
The Commissioner for Regional Policy, Corina Crețu, has declared: "Spain was the first Member State to join the initiative SMEs And this pioneering option has paid off. €800 million in cohesion policy funding has been invested in this innovative program, which already benefits thousands of small businesses, giving them the financing they need to develop and create jobs, and has boosted the Spanish real economy.” A press release can be found on the website of the European Investment Fund.
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