Kelly Calls for SME and Start-Up Focus for New EU Investment Fund

A new EU investment fund should have a greater focus on SMEs and start-ups according to Ireland South MEP, Sean Kelly.

650 billion euro is expected to be made available to companies across Europe over a seven year period as part of InvestEU.

It is a successor to the European Funding for Strategic Investment, which was aimed at large projects, and is due to finish at the end of next year.

Loans will be made available where finance is difficult to source from traditional banks, under the proposals.

Fine Gael MEP , Sean Kelly says he wants to see small and medium size firms benefit under the new scheme:

Out words: progress

Dur: 38'