Equipment finance fund supports SMEs as the engine of European economic growth

August 2th, 2019 – SMEs are a vital part of the European economy, with a combined turnover of more than €15 trillion annually, accounting for more than half of all business turnover.

They represent most businesses in Europe and will be the powerhouse that generates future growth if their potential can be unlocked.

A vital key to this expansion will be finance, so companies can secure the long-term funding required to invest in new equipment and innovation, which is a key focus of industry expert Sylvain Makaya.

He is a partner with Idinvest Partners, which recently closed a €340 million funding round for its Idinvest SME Industrial Assets fund (ISIA) that will provide equipment finance to enable future business growth for small businesses.

ISIA launched at the end of 2017 as the first diversified fund intended to finance the modernisation of production tools for European SMEs to help increase their competitiveness and productivity when competing in local and international markets.

Investment sizes range from €1-15 million (on average €5 million) with loans typically written for between five and seven years.

The ISIA fund will be able to finance around 50 projects in its target European markets, covering Belgium, France, Germany, Luxembourg, the Netherlands and Spain.

More…https://www.assetfinanceinternational.com/index.php/people/members-blogs/members-blogs/leasing-professionals/18499-equipment-finance-fund-supports-smes-as-the-engine-of-european-economic-growth

Written by Asset Finance International

Related Post

thumbnail
hover

SMEs ‘Fail’ On Cyber Security

October 10th, 2019 – A survey by Chubb Australia suggests that only half of Australian SMEs are aware of their cyber reporting obligat...

thumbnail
hover

Digital Technologies Can Facilitate Access to...

September 18th, 2019 – Financial technologies, such as blockchain and artificial intelligence, can enhance the efficiency and availabi...

thumbnail
hover

Facebook ties up with Teleperformance to...

October 3th, 2019 – Facebook has tied up with Teleperformance to open its first Small Business Group (SBG) operations centre in Lagos....