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Conceived in collaboration with the region, the new CDP initiative facilitates the granting of guarantees by Confidi, supporting access to credit for small and medium-sized businesses.
Operations have launched for the EuReCa Fund , a new platform created as part of a collaborative project between Cassa depositi e prestiti and the Emilia Romagna region to facilitate access to credit for local small and medium-sized enterprises through the support of the Confidi system .
The so-called "Confidi," which operates a system of guarantees that enables loans to be granted to local companies, are supported in turn by the counter-guarantee provided by this new fund. The initiative is set to make around €150 million available to the system, and will provide backing for more than €175 million in investments.
In order to access the services provided by the EuReCa Fund, the relevant Confidi must present their expressions of interest by 19 April 2018.