Translation of "phase conjonctive de la cicatrisation " (French → English) :

1. The EFG shall focus on funds that provide venture capital and mezzanine finance, such as subordinated and participating loans, to expansion and growth-stage enterprises, in particular those operating across borders, while having the possibility to make investments in early stage enterprises in conjunction with the equity facility for RDI under Horizon 2020.

2. The EFG shall focus on funds that provide: venture capital and mezzanine finance, such as subordinated and participating loans, to expansion and growth-stage enterprises, in particular those operating across borders, while having the possibility of making investments in early-stage funds in conjunction with the Equity Facility for RI under the Horizon 2020 programme and providing co-investment facilities for business angels.

1. The EFG shall focus on funds that provide venture capital and mezzanine finance, such as subordinated and participating loans, to expansion and growth-stage enterprises, in particular those operating across borders, while having the possibility to make investments in early stage enterprises in conjunction with the equity facility for RDI under Horizon 2020.

Together with colleagues from the Council, we worked to ensure that the request was dealt with rapidly and I think that this was a useful contribution to the first phase of the temporary committee’s work.

I hope that they will also bring restoration, throughout the Mediterranean region, of this dimension of understanding and mutual respect which, once the difficult phase of decolonisation has been completed and the wounds accompanying this stage have begun to heal, must restore to the Mediterranean that sense of Mare Nostrum, that sense that we have of sharing with our colleagues values which are the basis of our civilisation.

In order to facilitate the emergence of projects whose birth may be slow and difficult, the report therefore proposes : - that European countries - including those which are not members of the European Community - give political recognition to certain projects (through a "declaration of European interest") - that the European Commission should have the means to play a catalytic role, taking the initiative in bringing together the parties concerned and offering support to the promoters - that the private sector, perhaps working with public institutions, should establish "seed capital funds" to finance the first launching of projects The p ...[+++]roblem of identifying and using new financial instruments would be incorporated in a new initiative adapted to current conditions, where there is a willingness to call on the abundant resources of available capital and to act as a catalyst for attracting private finance.