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EC vice president praises Santander

EU Flag - The European commission vice president visits Leicester - SantanderCB

The European Commission vice president visited Leicester on Friday to speak about a new investment plan to help SMEs. Jyrki Katainen, EC vice-president for jobs, growth, investment and competitiveness, visited the National Space Centre to speak about how SMEs can benefit from a £250bn investment in infrastructure, education, research and renewable energy from the European Commission. The EC has set up the European Fund for Strategic Investments in partnership with the European Investment Bank, which will aim to boost economic growth in Europe. Katainen praised Santander UK for recently announcing its plan to provide £100m to innovative companies in Britain over the next two years. It is the first transaction in the UK to benefit from the support of the EFSI. He said: 'Santander is a great example of how banks can be involved with this new scheme. I encourage more banks to do the same.

 

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