FAIRE - La Réunion

FAIRE (Fonds d’Aide À l’Investissement Régional pour les Entreprises) is the second-generation holding fund seeking to improve access to finance for final recipients, set up in cooperation with the French Region La Réunion. It is managed by the EIF under the current EU funds programming period 2021-2027.

It builds on the successful implementation of the previous initiative - La Financière Region Réunion. The first initiative leveraged around EUR 50 million of public resources (EU funds and regional own resources) resulting in over EUR 100 million of financing provided for final recipients across more than EUR 150 million of catalysed investments. Through this landmark initiative, more than 600 SMEs operating in the region benefitted from loans or equity support while almost 1,000 jobs were sustained.

The new FAIRE initiative is based on two types of instruments that will help improve financing for small and medium-sized businesses:

• A funding/portfolio risk-sharing instrument with a generalist focus to facilitate access to finance at better terms (reduction of interest rates and/or collateral requirements) for small businesses (SMEs, without any specific constraints in terms of sector or activity
• An equity instrument aiming at strengthening SME equity funding in Region Réunion.

Who is eligible to become a financial intermediary under FAIRE - La Réunion?

Eligible applicants* are financial institutions duly authorized, according to applicable legislation, to carry out lending activities to final recipients established and/or operating in Region Réunion.

*for the complete set of eligibility and other criteria, please refer to each call document

The DEADLINE for applications to the FAIRE - La Réunion Call for Expression of Interest is 29/02/2024. 

How to apply to FAIRE - La Réunion?

For each of the financial instruments, the documents to be downloaded below contain details of the application process, the required content of the Calls for Expression of Interest, and the indicative terms and conditions.

More information about the eligibility and exclusion criteria is available in each of the relevant Calls for Expression of Interest below. For each call, please also download and complete the related templates. You will find the Integrity Questionnaire as well as the Ownership structure templates for both the calls in the related documents and PDFs.