creation and development of financing instruments which facilitate access to revolving financing through venture capital, loan and guarantee funds.

These measures include support for and services to enterprises, in particular SMEs, creation and development of financing instruments such as venture capital, loan and guarantee funds, local development funds, interest subsidies, networking, cooperation and exchange of experience between regions, towns, and relevant social, economic and environmental actors.

Mr. Stephen Owen: They're loan funds, which can be drawn upon.loan funds through the CFDCs are drawn upon.

The report thus makes recommendations to facilitate the establishment of substantial funds, of both equity and loan capital : - by freeing the movement of bonds issued by the promoters of large projects, increasing their negotiability by giving them the status of "specially favoured bonds" - even by giving them in certain cases specific fiscal advantages on the model of American "tax exempt bonds". Other measures are proposed so the Commission can play an active role in the financial framework for a project : - by making available to the Commission limited budgetary resources to attract starting finance, through the creation of a special ...[+++] section of the European Investment Bank which would be partly funded from the Community budget, so making possible various means for financing the project.

The report thus makes recommendations to facilitate the establishment of substantial funds, of both equity and loan capital : - by freeing the movement of bonds issued by the promoters of large projects, increasing their negotiability by giving them the status of "specially favoured bonds" - even by giving them in certain cases specific fiscal advantages on the model of American "tax exempt bonds". Other measures are proposed so the Commission can play an active role in the financial framework for a project : - by making available to the Commission limited budgetary resources to attract starting finance, through the creation of a special ...[+++] section of the European Investment Bank which would be partly funded from the Community budget, so making possible various means for financing the project.

The Réseau québécois du credit communautaire was set up seven years ago and comprises loan funds, lending circles, and some 20 Quebec-based micro-credit organizations.