The FOSTER TPE-PME fund of funds was set up by the Occitanie region of France with ERDF and EAFRD resources. Through four different financial instruments it provides a range of finance adapted to meet the needs of SMEs in different sectors of the region’s economy, through loan, guarantee and equity products.
This fi-compass Showcase 2019 submission includes four video stories about FOSTER. The Occitanie Region together with the European Structural and Investment Funds (ESIF) created and financed the financial instrument FOSTER TPE-PME under the current ESIF programming period 2014-2020, for a financial size of EUR 153 000 000. This is an initiative to support SMEs financing needs in most sectors of the economy, which is co-financed by the European Regional Development Funds (ERDF) through loans, guarantees and equity and the agricultural, agri-business and forestry sectors’ financing needs, which is co-financed by the European Agricultural Fund for Rural Development (EAFRD) through guarantees.
The videos showcase the following final recipients which benefited from financial support through the FOSTER TPE-PME financial instrument:
The ‘La Financière Région Réunion’ (FRR) fund of funds has been set up in the La Réunion region of France with resources from the European Regional Development Fund (ERDF) with a mandate to implement and manage two financial instruments to support small and medium sized enterprises (SMEs), including micro-enterprises. The region has established under separate financial intermediaries a loan fund of EUR 62 million (including private co-financing) and an equity fund with EUR 10 million to co-invest alongside private investors.
This document is part of a series of 24 country reports and presents an assessment of the financing gaps for the agriculture and agri-food sectors in France. The study analyses the current supply and demand for financing in the two sectors, and quantifies the unmet credit demand.
Five sectors that have the potential for greater use of financial instruments in the future are the subject of the new fi-compass sectoral stocktaking studies. As well as a full report and Executive Summary, five case studies and separate sectoral fiches have been produced to provide targeted information for managing authorities seeking to use financial instruments to support investment in the following key sectors: