Above we have reported estimates from modeling effects on increased investment. .The SME related
parts of the program will further both stabilize jobs and partly create new ones. The main effect on
SMEs comes with building and re-building the access to finance for those who have to pre-finance
supplies. If no access to finance is available, the respective companies have to reduce staff or to reduce
their growth path. In several countries of the EU - including Portugal, Italy, Greece, Ireland and
Spain - the access to finance is at least partly blocked.
With this typical anti-crisis component a job could be kept (or be created) for one year with a loan of
€40000 of a loan, of which half would be provided by a commercial bank, as EIB loans are cofinanced.
If the part of the EIB financing not spent in investments , went to SME credit(as has done in
the past), this will keep or create an additional large number of jobs in the EU 27 with greater focus
on the countries heavily hit by the crisis.