The European Investment Fund and Eurobank Launches € 62.5 Million Fund for Cypriot Businesses and Start-ups

The European Investment Fund (EIF) and Eurobank have signed an agreement to unlock

€ 62.5 million in new financing for small and medium-sized enterprises (SMEs) and start-ups across Cyprus.

The financing will benefit businesses by reducing or eliminating collateral requirements, improving access for firms that lack sufficient guarantees, offering longer repayment periods to ease cash flow pressures, and extending support to early-stage start-ups often excluded from traditional bank credit.

The move will strengthen the Cypriot economy by promoting entrepreneurship, supporting job creation, and fostering growth, especially in sectors like energy, health, tourism, and transport.

The agreement underlines the commitment of the EIF and Eurobank to back Cypriot businesses, and help drive innovation, growth, and long-term economic resilience in the country.

The European Investment Fund (EIF) is a member of the European Investment Bank Group. Its primary mission is to assist Europe’s micro, small, and medium-sized enterprises (SMEs) in accessing finance. EIF creates and manages venture and growth capital. Through these efforts, EIF promotes EU goals by supporting innovation, research and development, entrepreneurship, business growth, and job creation.

Source:

EIF and Eurobank join forces to channel €62.5 million in new financing to Cypriot SMEs and start-ups 23 September 2025