The Equity Facility for Growth (EFG) is a window of the Single EU Equity Financial Instrument which supports EU enterprises' growth and research and innovation (R&I) from the early stage, including seed, up to expansion and growth stage.

EFG – managed by EIF – is part of COSME (Programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises), an initiative launched by the European Commission.

Through COSME EFG, EIF invests in selected funds – acting as EIF’s financial intermediaries – that provide venture capital and mezzanine finance to expansion and growth stage SMEs, in particular those operating across borders. The fund managers will operate on a commercial basis, to ensure that investments are focused on SMEs with the greatest growth potential.

EFG is a successor to the High Growth and Innovative SME Facility (GIF), implemented under the Competitiveness and Innovation Framework Programme (CIP) in the period 2007-2013.