wb edif - 19th call for technical assistance grant … · 1figures are estimates of total potential...
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2012-2017WESTERN BALKANS
DEVELOPMENT AND
INNOVATION FACILITY
Western BalkansEnterprise Developmentand Innovation FacilityWB EDIF
ENTERPRISE
WHAT IS THE WB EDIF?
* This designation is without prejudice to positions on status, and is in line with UNSCR 1244/1999 and the ICJ Opinion on the Kosovo Declaration of Independence.
1Figures are estimates of total potential WB EDIF impact.
Bosnia and Herzegovina
Serbia
Kosovo
The former YugoslavRepublic of Macedonia
Albania
Montenegro
Croatia
regional beneficiaries
€70 m to leverage
€140 m available
€400 m sme loans
65 SMes
4,000 smes
Equity guarantee lendingTechnicalAssistance
500
€70 m credit lines
200 sub-projects
500 companies
€40 m
€150 m EU funds to leverage
€650 m SME finance, for
4,600 SMes
key figures1
Small and Medium-Sized Enterprises (SMEs) represent the backbone of the Western Balkan economies and they play a key role in economic convergence and EU accession. As in most transition economies, local SMEs suffer from low competitiveness, difficult access to finance, lack of skills, poor integration in global supply chains, and often deficient ecosystems.
The Western Balkans Enterprise Development and Innovation Facility (WB EDIF) is a 2012 initiative of the EU, whereby partner financial institutions and beneficiary governments seek to address these challenges through a coordination of efforts and focus on:
• Policy reforms in accordance with EU acquis and best international practices;
• Provision of equity finance for early stage and mature SMEs;
• Provision of debt finance to local financial intermediaries through guarantees, funding, and incentives; and
• Dedicated advisory services for SMEs to improve sales, productivity, and employment.
WB EDIF’s regional approach and beneficiaries’ involvement promote the sharing of experience and collaboration in finding solutions to common challenges, boost regional economic integration, and scale up businesses.
From a small bakery shop in a family house opened in 1995, Krajina Klas has grown into a leading producer of bakery and confectionery products, with two production sites and 25 retail stores. In addition, it serves wholesalers and larger retailers. Krajina Klas is constantly innovating with two new products on average
per month, resulting in high customer interest and satisfaction. It received advisory services via a WB EDIF technical assistance in 2012 which helped improve processes, increase profitability of existing products and introduce new ones.
In 2015, the company received a further €2 M quasi-equity investment via the WB EDIF Equity Fund. The investment will assist production capacity and retail expansion by increasing the number of stores over the following years.
WB EDIF TOOLBOX
sme in focus: Krajina Klas in Bosnia and Herzegovina
Lending
Technical Assistance
Equit
y Guarantee
WB EDIFtoolbox
Enterprise Innovation Fund (€40M)
GuaranteeFacility (€70M)
Policy Support
Enterprise Expansion Fund (€100M)
CompetitivenessProgramme (€70M)
Venture Capital fund with focus on innovation; Addresses SMEs at seed and early stage level.
Equity fund supporting the expansion of established SMEs.
Deployment of dedicated credit lines to SMEs;Investment incentives.
Provides capped guarantees for SME loans;Places special focus on youth employment.
ServicesDirect SME advisory;Investment readiness.
€2 m funding
Retail network expansion
2 new products per month
The strength of WB EDIF lies in its four complementary components: three for financial needs and one technical assistance element.
The Equity component includes two investment funds which target early stage innovative SMEs and established SMEs looking for growth.
The Guarantee component supports local banks in developing their SME business with risk sharing in order to reduce the cost of loans. It will also focus on youth employment.
The Lending component will provide funds to local banks for on-lending and incentives to SMEs.
The Technical Assistance component delivers policy and advisory services to support entrepreneurial capacity and boost the business ecosystem.
• Albania: Raiffeisen
• The former Yugoslav Republic
of Macedonia: ProCredit
• Kosovo: ProCredit
• Montenegro: CKB
• Serbia: ProCredit
WB EDIF general enquiries: [email protected] and
Guarantee Facility: [email protected]
Equity funds: [email protected] (ENIF) [email protected] (ENEF)
Advisory projects and technical assistance: [email protected] and
Lending: [email protected]@ebrd.com
Interested SMEs can also approach the following banks who were contracted to provide EDIF-
guaranteed loans at national level:
For more information about the opportunities WB EDIF may open for your company please see:http://www.wbedif.eu/more-information/for-smes/
WB EDIF STAKEHOLDERS
This publication has been produced with the assistance of the European Union. The contents of this publication are the sole responsibility of the Western Balkans Investment Framework and can in no way be taken to reflect the views of the European Union.