EUR 290m in EU support for SMEs in Austria following EIF and aws agreement
The European Investment Fund (EIF) and Austria Wirtschaftsservice (aws) have signed the first COSME and InnovFin SME Guarantee agreements with funding from the European Union to support Small and Medium-sized Enterprises (SMEs) and Mid-caps in Austria. The COSME agreement will provide aws with a counter-guarantee allowing the organisation to increase its guarantee volumes to SMEs with limited collateral available to EUR 170m over the next 2 years.
