Boosting Finnish Mid-Sized Companies: A Partnership for Growth
In the face of economic uncertainty, Finnish mid-sized companies are receiving a significant boost from a new partnership between Finnvera Plc and the European Investment Bank (EIB). This collaboration aims to promote employment, growth, and a smooth transition for medium-sized enterprises, providing essential support during challenging economic conditions.
The EIB has committed to providing a €200 million guarantee to Finnvera, enabling them to extend up to €400 million in new loans to Finnish mid-caps. This initiative will facilitate approximately €560 million in real economic investments, benefitting companies with between 250 and 3,000 employees.
Executive Vice President Jussi Haarasilta of Finnvera highlights the positive impact of the partnership, emphasizing the support for growth and export initiatives within the EU. The program aims to address financial barriers and make financing more accessible for eligible companies.
Vice-President Thomas Östros of the EIB expressed enthusiasm for the collaboration, emphasizing the focus on projects that support job creation, growth, and climate change mitigation. This initiative marks a strategic move to strengthen the Finnish mid-cap sector and promote long-term economic stability.
By leveraging their respective networks and experience, Finnvera and the EIB are driving sustainable growth and resilience in Finland’s mid-cap sector, paving the way for economic prosperity and stability.