JEREMIE aims to improve the access of small and medium-sized enterprises (SMEs) to capital through loans, venture capital, guarantees, microcredit, etc, in order to support the development of
new businesses, innovation and employment in the European Union.
Athens, 24 May 2006
The Ministry of Development’s special secretariat for competitiveness was visited today by the head of the JEREMIE (Joint European Resources for Micro to Medium Enterprises) Community initiative, Alexander Andò, project manager Bruno Robino, and general manager of the New Economy Development Fund (NEDF), Charalampos Pappas, who presented the new economic programme.
JEREMIE aims to improve the access of small and medium-sized enterprises (SMEs) to capital through loans, venture capital, guarantees, microcredit, etc, in order to support the development of new businesses, innovation and employment in the European Union.
For this purpose, a central body is being created in every country to provide all forms of financial facilities, which will be named the Holding Fund. This is where the Community and national resources of all the country’s Operational Programme measures connected with financial tools will be deposited. Through an open call for expression of interest, the Holding Fund will select regional financial intermediaries to make the resources available to SMEs.
After the presentation of the JEREMIE initiative, special secretary for competitiveness Spiros Efstathopoulos described it as a positive step towards mapping out a national policy on financial facilities. It ensures coordination between support tools, the exercising of an effective regional policy, optimum use of resources, and potential for the development of innovative new financial tools. Furthermore, it offers Greece know-how and the European experience in issues concerning the administration of financial bodies.
The JEREMIE initiative is connected to the fourth Community Support Framework, and the Special Secretariat for Competitiveness will closely monitor the report being drawn up by the European Investment Fund.
Also present at the meeting were the head of the Operational Programme for Competitiveness Special Management Authority, Angela Arabatzi; the head of the Programme’s Planning and Evaluation Unit, Asteris Hatziparadeisis; the Programme’s Planning and Evaluation Unit manager, Geli Fetzi; the Programme’s Monitoring and Managing Unit manager, Giannis Souliotis; and the advisor to the special secretary for competitiveness, Marina Psiloutsikou.