KfW boosts financing to SMEs in innovation and digitalisation

Germany's KfW will expand its range of promotional products in the fields of innovation and digitalisation. The new KfW Loan for Growth will support the innovation and digitalisation projects of larger medium-sized enterprises.

KfW will also be able to take on a part of partner banks' credit risk for larger medium-sized companies with annual turnovers of up to €2 billion. The lender will take part on the same terms in a debt financing operation of one or more partner banks, covering up to 70% of the project risk through a risk sub-participation. KfW will secure this credit risk in as far as possible through the European Investment Bank by means of a 50% guarantee from the European Fund for Strategic Investments.