The most ambitious new funding programs of the European Commission (Escalar, Next Generation EU) and their immediate impact on European PropTech
The main challenge of many companies nowadays that try to scale up in Europe, is not having enough money to grow. This problem could disappear with the call ESCALAR of the European Commission. Its main objective is that companies can continue growing and creating jobs in Europe. This programme will double the funds already given to European Scaleups/Start-ups with a financing budget of 100,000€ minimum, as well as specialised management. 50% of investment is backed by the European Fund for Strategic Investments (EFSI) of the European Investment Bank (EIB) with a guarantee of 25% DG-GROWTH through ESCALAR. Therefore, ESCALAR will enable the risk capital funding to increase a lot their investment capacity by financing the quasi-debt with EIB funding, guaranteed by the EFSI.
The ESCALAR programme of the European Commission will double the investment already given to the most promising European Scaleups/Start-ups.
A financing tool to support the growth of innovative companies that develop their activity in Europe.
The 25% of European funds are guaranteed.
Speaker: Dirk Paelinck, CEO Interoffices and Workero, Co-Founder PropTech House – The European PropTech Network
Watch Euronews’ coverage on ESCALAR presented by PropTech House Co-founder Dirk Paelinck and Professor Rudy Aernhoudt, Chief Economist of the European Commission, here.
The full article by Euronews on ESCALAR can be reviewed here.
Check also Euronews on FB coverage on ESCALAR – link.