1. Financing Small and Medium Enterprises in the Danube Region
Edina Csányi, Budapest Danube Contact Point

2. Source: EC

3. So you say you need money?

4. It is important to know When Why How much Etc. Why When How much

5. Issues to consider (e.g.)
Financial soundness
Economic viability
Technical soundness
Environmental soundness
Infrastructure, cost
State aid/de minimis
Pricing
Procurement
Legal/Regulatory
Etc.

7. -International -EU level -Transnational -Cross-border -National -Regional, local

8. „Free money” vs. „not free money”
What is „free money”?
What is „non-free money”?
When do I get „non-free money”?
What are the advantages and disadvantages?

9. EU-grants

10. COSME
Horizon2020
SME Initiative
Danube OP
Central Europe OP
Cross-border OP-s
National OP-s – funds for SME-s
(20% of ESIF for SME-s)
COSME Horizon2020 Danube OP Central Europe OP Cross-border OP-s National OP-s – funds for SME-s

11. EUR 2.3BN (managed by the EIF) to support SME-s in the following fields:
I. Better acces to finance (Loan Gte Facility; Equity Facility for Growth)
II. Access to markets (Enterprise Europe Network, web tools, IPR helpdesks)
III. Encouraging entrepreneurship (e.g. Erasmus for Young Entrepreneurs)
IV. More favorable conditions for business creation and growth

13. -EUR80BN for R&I between 2014-2020
-Open to everyone, simplified
processes -Calls for 2014 and 2015 are already open!

14. Advice from the Winners
Writing tenders/answering calls is a profession – use a professional
Winning central EU funds is not about your connections…but about your professionalism (in project preparation and application)

15. DANUBE Operational Programme 1b, 6c, 7e
Transnational OP-s
DANUBE Operational Programme 1b, 6c, 7e

16. Transnational OP-s
CENTRAL EUROPE 2020

17. Other steps by EC Acces to Finance Days Promoting crowd funding
Startup Europe Manifesto
Easing VAT returns (150M pcs.)
Etc.

18. The „non-free money”
…can also come from public/EU funds (financial instruments)
loans (+co.), guarantees, venture capital/private equity – why loan/guarantee/VC?

19. What do you know about EIB and EIF?

20. Growth and jobs: four key priorities
We work to promote sustainable growth and job creation in Europe and beyond
07/08/2018

21. EIB loan products (simplified)
07/08/2018

22. What is the EIF? “
We provide risk financing to stimulate entrepreneurship and innovation in Europe ”
Making finance more accessible and helping SMEs to innovate and grow
Offering a large array of targeted products
to support SMES ranging from venture capital to guarantees and microfinance to SMEs
Working with financial intermediaries across the EU-28 EFTA countries, candidate & potential candidate countries
Supporting the market in a countercyclical
way

23. A few key figures “
We are the prime provider of SME financing in Europe ”
480 venture and growth funds
306 banks, guarantee and promotional institutions
27 funds-of-funds and holding funds
Equity
2013 commitments:
EUR 1.4bn
which mobilised
EUR 7.1bn
Guarantees & securitisation
2013 commitments:
EUR 1.8bn
which mobilised
EUR 8.6bn
Microfinance
2013 commitments
EUR 53.8m
which mobilised
EUR 201m
EUR 13.5bn in total outstanding commitments mobilise EUR 79bn

24. The three pillars of the Juncker-package
I. Money
II. Good projects
III. Environment:
investment/enterprise-friendly!

25. THANK YOU FOR YOUR ATTENTION!
Questions?