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project info
Start date: 20 November 2015
End date: 31 December 2023
funding
Fund: European Regional Development Fund (ERDF)
Total budget: 56 100 000,00 €
EU contribution: 33 660 000,00 € (60%)
programme
Programming period: 2014-2020
Managing authority: Région Languedoc-Roussillon
European Commission Topic

Development of financing tools for TPEs and SMEs in Languedoc Roussillon: establishment of a 2nd generation JEREMIE LR fund

Access to finance for TPEs/SMEs is one of the challenges faced by the Region. This financial instrument is to mobilise public funds leveraging private investment in order to effectively support regional SMEs/SMEs in their creation or development projects. Building on the success of JEREMIE 2007/2013 (for EUR 30 million, 1350 TPE/SMEs were financed, representing 15 000 jobs for a total amount of EUR 171 million, i.e. a leverage of 5.7), it is proposed that the FOSTER fund be topped by EUR 6 million, including 3.6 from ERDF and 2.4 from regional appropriations.

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