The brand new Entrepreneurship Fund (TEPIX III), which has been operating for every week now by the Hellenic Improvement Financial institution, goals to offer assist and “coaching” to small and medium-sized enterprises. Because the Managing Director Ismini Papakyrillou defined, on the twelfth Regional Improvement Convention, which is being held in Patras, TEPIX will grant loans of two.2 billion euros and the purpose is to succeed in as many micro, small and medium-sized enterprises all through Greece as attainable. territory.
“Greece has robust entrepreneurship and we see corporations growing at a speedy tempo. Nevertheless, as a way to stay aggressive, Greek companies should make investments, particularly within the inexperienced and digital transition”, emphasised Ms. Papakyrillou. “Now we have to enhance the mobility of corporations and that is the place we encounter the most important difficulties,” he admitted. For this function, TEPIX III additionally covers working capital and funding plans.
As defined by the Managing Director of the Hellenic Improvement Financial institution, as a way to be granted a mortgage from TEPIX III, the entrepreneur should fill in a questionnaire, which is able to concern the ESG standards.
“This can be a easy questionnaire, a lot less complicated than the one he can be requested to fill out sooner or later on the banks,” mentioned Ms. Papakyrillou, explaining that this course of was integrated into TEPIX to “educate” entrepreneurs in small and medium-sized enterprises on the ESG standards, which is able to quickly be decisive for receiving funding. “The ESG standards are crucial and Greek small and medium enterprises shouldn’t be left behind, they need to begin the inner analysis” he mentioned.
The academic position of the packages of the Hellenic Improvement Banks contains the mentoring half that accompanies the small loans for agricultural companies and presents 300 euros per VAT quantity for mentoring providers.
“We see that there’s a lot of motion since TEPIX III opened and this makes me notably optimistic. It is a chance for the Greek economic system and Greek companies to take a step ahead and turn into extra aggressive. We need to obtain as a lot growth as attainable and for this we should additionally tackle fairly just a few small corporations. This has some threat”, admitted Ms. Papakyrillou.
TEPIX III contains two separate Funds, the Assure Fund and the Mortgage Fund, and may cowl with ensures as much as 80% of the granted mortgage, a reality that provides banks the chance to succeed in companies that might in any other case have excluded them. It’s applied with the cooperation of 12 Greek banks and one among its new options is that it features a particular fund with a finances of 150 million euros, aimed toward newly established corporations of 1-5 years.
The twelfth Regional Improvement Convention (RGC) takes place on the Cultural & Convention Heart of the College of Patras, from Thursday 30 Could to Saturday 1 June and is organized by the “PELOPONNISOS” Newspaper, the Regional Coverage Observatory, the Area of Western Greece and the College of Patras .
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