The President of the Brittany Region, Loig Chesnais-Girard, and Nicolas Dufourcq, CEO of BPI before signing the agreement. (Credits: DR) A year after the launch of Loan Growth TPE, the Brittany Region, and Bpifrance extend their financial arrangements with companies 1 to 9 employees who invest. The Flash Pass TPE will allow them to qualify for a loan of € 10,000 repayable over 4 years. Inaugurated in Britain, this loan is intended to be deployed in other areas.
An essential component of economic development and planning, SOHO, and micro-enterprises that invest form a fabric that Brittany Region will accompany through appropriate funding.
In partnership with Bpifrance, the Regional Council, therefore, expanded its range of financial tools with the introduction of a Flash Pass TPE Britain, Friday afternoon in Plerin near Saint-Brieuc.
Following the launch last year of loan growth TPE (10 to 50 000 €), which already supports 112 Breton companies from 3 to 50 employees out of 550 nationally, this device dedicated to micro-enterprises from an employee of an endowment 500,000 €.
“Pass Flash TPE is a loan that can provide a specific response to the investment needs of individual companies and TPE development 1 to 9 employees” argued the Region. Described as “quick and easy access”, this new tool provides companies wishing to develop a fixed lump sum of € 10,000 repayable over 4 years. The Flash Pass TPE Britain may be requested online at the same web portal as the Pass Growth TPE.
150 projects per year, € 1.5 million of loans
“Brittany is the first region to launch the Flash Pass TPE Bpifrance that aims to deploy nationwide. Through this new tool that will generate leveraged € 1.5 million TPE Flash ready, we plan to support 150 projects per year anticipates Loig Chesnais-Girard, President of the Brittany Region, which recalls that immediately after the OuR law, Brittany “hired adapting its policy tools to match the best the expectations of traders and craftsmen. “
Alongside Nicolas Dufourcq, CEO of Bpifrance, the successor to Jean-Yves Le Drian has formalized the launch of Flash Pass TPE on the premises of the company Probat Brieuc. Led by Valerie Gilette, former commercial executive in the pharmaceutical industry, this insulation company, carpentry and renovation founded in 2013 is growing and continues to grow. After obtaining a loan growth TPE in 2017, it is also part of the first beneficiaries of the new device. The company, which will eventually be passed to the son of Valerie Gilette is representative “of the Breton economic fabric” ensures Bpifrance. Of the 172,000 merchant sector institutions in the Territory, 90% employ fewer than 10 employees.
The role of banks
“We know how these companies are major employers, the regional economy. Often, it is part of everyday life, “recalls Loig Chesnais-Girard. In the Region, Meyrier Martin, vice president for the economy, innovation, artisans, traders and TPE works in parallel to the development of a tool to clean nearby merchants and artisans in partnership with intercommunal.
While loan growth SOHO, launched in Britain as in the Ile-de-France in September 2016 is then deployed in the Hauts-de-France, the Loire Valley, Normandy or New Aquitaine, Brittany Bpifrance and hope to quickly know the Flash Pass TPE. To deploy the territory, and tomorrow beyond the two partners are “on the prescribing role of banks.” The device has also been presented to the Banking Federation of Britain. “Together with our banking partners, these innovative loans, digital, simple, we will support the creative TPE value and employment in the entire region,” says Nicolas Dufourcq for his part.
The partnership with regionalized Bpifrance allows Brittany to choose its priorities for action: it has supported more than 2,200 projects worth € 210 million, accounting for enterprises mobilizing nearly € 600 million of financing.