Did you think climate change is too big of a problem for a small or
medium-sized enterprise (SME) to help out on? Financing climate action
and SMEs are both priorities for the EIB Group, and sometimes the two come together.
Like when Patrick Schreven founded ORGA bouw
in the Netherlands, specializing in bio-based construction. Whether he
is building a day-care facility firmly integrated into its natural
environment, a dental-care office, a farm or a residential house, he
gets his inspiration from nature.
He also uses sustainable,
natural materials and makes sure he reduces his ecological impact to a
minimum to make sure that inspiration never runs dry.
start-up, ranked amongst the 100 most innovative companies in the
country, is certainly doing its not so small or medium bit for the
climate, and to get started turned to Qredits, a microfinance
institution offering micro-loans backed by the European Investment Fund,
part of the EIB Group, under a joint initiative with the European Commission.
is naturally also quite important for the characters of our very own
comic strip “The Brood” here at the European Investment Bank. In the
series, the hedgehog, the bear, the rabbit and the wolf illustrate
various issues that start-ups face. “The Brood” is produced by Madis
Ots, a one-man SME from Estonia. You can read more about the background of the comic here. You’ll also find the first couple of strips behind that link.
The EIB supports these SMEs through various intermediaries,
usually banks or other financial institutions which have offices and
teams located close to the SMEs and have a detailed local understanding
of their needs. The intermediaries pass on the financial advantage they
receive from the EIB to the SMEs. Last year alone, around 300 000 SMEs
across Europe, collectively employing about 4.4 million people,
benefited from this. 99% of companies in Europe are actually SME-s and 2
out of every 3 people working in Europe work for an SME, so this is not
such a small or even medium part of the European economy.
want to understand better their financial challenges, or you just enjoy
cartoons, keep coming back here over the next few weeks.