UK SMEs benefit from £650m of EIB finance in 2008

The EIB loans for SMEs carry particular importance in the current financial and economic climate when many smaller businesses face difficulties in accessing finance.

In September 2008, the EU Finance Ministers called upon the EIB to extend, modernise and diversify their loans to the SME sector. The new generation loans ensure that the final recipients – the UK small firms – benefit from the financial advantage offered by EIB funds.

Simon Brooks, EIB Vice President responsible for lending activitie