Juncker Plan backs Croatia’s first social impact fund

epa03771264 The Croatian flag (R) flies next to European flags outside the European Parliament in Strasbourg, France, 02 July 2013. Following the successful ratification of its European Union Accession Treaty by the national parliaments of the 27 Member States, the Republic of Croatia has joined the EU as the 28th member on 01 July 2013. EPA/PATRICK SEEGER

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Thanks to EU support, Croatian and Slovenian startups will benefit from Croatia’s first social impact fund, Feelsgood.

The European Investment Fund contributed half of the capital of this €30 million-strong Fund, with its financing supported by the Juncker Plan’s European Fund for Strategic Investments.

Feelsgood Fund will invest in Croatian and Slovenian startups from the agriculture and farming, circular economy, financial inclusion, education and healthcare sectors.

European Commission Vice-President Valdis Dombrovskis, responsible for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, said: “The launch of the new Feelsgood Fund in Croatia – which is being financially backed by the European Investment Fund and the Juncker Plan – is good news. Not only are key sectors, such as the circular economy and healthcare, to receive a financial boost, but those companies will make a positive social impact.”

As of September 2019, the Juncker Plan has mobilised €433.2 billion of additional investment, including €1.2 billion in Croatia. The Plan is currently supporting 972,000 small and medium businesses across Europe.

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