Signature of a Memorandum of Understanding between CCG and Bpifrance
Rabat, November 15, 2017 - On the occasion of the 13th meeting between the Moroccan and French governments, Caisse Centrale de Garantie (CCG) and Bpifrance (Public Investment Bank of France) concluded a memorandum of understanding, in the presence of Mr. Mohamed BOUSSAID, Minister of Economy and Finance and Mr. Benjamin GRIVEAUX, French Secretary of State to the Minister of Economy and Finance, on November 15, 2017 in Rabat.
This Memorandum of understanding aims to strengthen the partnership between the two institutions. It provides for the exchange of good practices between the two parties to create or develop support products for innovative SMEs in creation or development.
It is also a question of working to create an enabling environment for accessing financing, in order to facilitate economic relations, technological exchanges and collaborations and/or co-projects between french and moroccan enterprises.
This partnership also includes a sustained cooperation between the two institutions in the field of innovation financing, which represents an important activity for CCG, particularly following the launch of the main components of the "Innov Invest Fund" dedicated to financing innovative startups and project holders.
About Caisse Centrale de Garantie:
Created in 1949, CCG is a public financial institution in charge of a mission of general interest, which mainly consists of sharing risks with the financial sector players in order to facilitate access to financing.
CCG’s activity focuses on three key areas:
• The guarantee of financing loans for enterprises and individuals
• Co-financing with banks of business investment projects
• Financing of equity and innovation
CCG committed to financing seed and innovation to ensure a continuum in the financing chain of start-ups, particularly in the early stages of creation.
About BPI FRANCE (Public Investment Bank of France):
Bpifrance funds enterprises - at every stage of their development - in loan, guarantee and equity. Bpifrance accompanies them in their innovation projects and internationally. Bpifrance also ensures now, their export activity through a wide range of products. Consulting, university, networking and acceleration program for startups, SMEs and midcap enterprises are also part of the offer dedicated to entrepreneurs.
The experience of Bpifrance in terms of enterprises’ loans, guarantee funds management development of a strategy for innovation and for capital investment has allowed it to offer, over the last years, a range of international technical assistance services in favor of foreign institutions which will be mobilized within the framework of this agreement.
Further information on: www.Bpifrance.fr
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