Project “ATM for SMEs” starts in Hungary with the scope of improving access to microfinance for small enterprises in the participating regions

Project information

June 2016

Within the framework of the INTERREG ATM for SMEs programme the lead partner Fejér Enterprise Agency with the effective cooperation of the Managing Authority for Economic Development Operational Programmes of the Ministry for National Economy and with further project partners has officially opened the programme’s activity plan. On 12-13 May 2016, 30 people have joined the kick-off meeting of an important initiative to foster the access to microfinance in the participating regions, through the improvement of the relevant local policies.

The European Union has decided to support the innovative measures to improve SMEs through this project, approved in the framework of the cooperation programme INTERREG EUROPE and financed by the European Regional Development Fund with EUR 1.622 million.

The project title “ATM for SMEs – Access to Microfinance for Small and Medium sized Enterprises” evokes the core idea developed by 10 partners that is to prevent the lack of access to credit and financial exclusion which in fact represents a serious obstacle to business creation in many European regions.

Microfinancing of SMEs and support to social entrepreneurship are already tested and proven tools which can contribute to a high level of quality and sustainable employment, reducing disparities and poverty.

Therefore, the “ATM for SMEs” project is aiming at improving the access to microfinance in the participating regions by sharing and exchanging local knowledge on innovative solutions.

The "ATM for SME"s consortium is led by Fejér Enterprise Agency (HU), and is characterized by a balanced proportion of managing authorities and microfinance institutions and a European level advisory partner.

The intense interregional policy exchange and learning process, planned in the framework of the project, allows the gathering of evidence on the feasibility of these good practices, and capitalising on the experience accumulated in the participating regions.

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