Press Release: Eco-innovation: EU-funded SMEs demonstrate job creation and green growth

Investment in SMEs working in the area of environmentally innovative technologies is producing above average returns, creating valuable jobs and also alleviating environmental impacts, according to a new report. The performance of young SMEs funded over the past two years under the eco-innovation component of the EU’s Competitiveness and Innovation Programme (CIP) has been analysed and shows impressive results.

The investment of EU eco-innovation funds shows a 20-fold return - every euro invested has resulted in 20 euros for its beneficiaries. Furthermore each project supported has generated an additional 8 permanent full-time jobs.

ESO: Background Information: EUR 31.5m in Commission funding to bring environmental solutions to market http://www.europeansources.info/record/press-release-eur-31-5m-in-commission-funding-to-bring-environmental-solutions-to-market/

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