The regional investment aid fund for companies (FAIRE) was officially launched in early December.
Thanks to this device, Small and medium -sized Reunionese companies can access bank credit at privileged rates to finance their projects. This backrest system makes it possible to lower the risk for banks and therefore to greatly reduce the rates offered and the guarantees requested from companies. After a call for manifestation of interest, Three banks were selected to manage and implement the loan instrument : BFC OI, CEPAC and BRED. The Reunion Region has chosen to entrust to the European investment fund, subsidiary of the European Investment Bank, The fund management mandate. Thanks to this device, 44,8 million euros in Feder funds will be injected into the Reunion economy, With an objective of 100 million euros in fallout for the territory by 2028.
