The mobilisation of 8 millions € from ERDF funds and 12 millions € as national counterpart insured the realisation of 129 SMEs’ projects co-mobilizing 100 millions € of traditional bank loans insuring an amount of investment of 130 millions €.
The total mobilised amount represents more than 25% of the regional annual total credit for SMEs’ equipment
Despite the short time of this mobilisation (18 months only) the growing effect for a small region like Corsica in undeniable.
46 funded projects were business creations, and 83 development investments with a strong effect on employment with 1376 jobs preserved and 344 news job’s creations, which contributes to the good management of the unemployment rate in Corsica, below 6% .
The territorial impact was well balanced between rural, seaside and urban territory.
This operation, initiated by the managing authority, allowed the combined mobilisation of public & private resources, with great effects on private economic initiative.
| Competition theme: Constructive collaboration Submitting organisation: La Caisse de Développement de la Corse Type of authority: Private financial institution Financial instrument name: Recovery Loan Fund for Corsica / Fonds de prêts relance |
| Country: France Funding source: ERDF Type of financial product: Loan Financial size: EUR 20 000 000 |
