Western Balkans Enterprise Development & Innovation Facility (WB EDIF)

The Western Balkans Enterprise Development & Innovation Facility (WB EDIF) funded by the EU, offers different types of financing and support to accompany and help SMEs throughout all stages of their lifecycle under the platform’s four pillars.

Enterprise Innovation Fund (ENIF)

The Enterprise Innovation Fund is a venture capital fund focusing on an investment portfolio consisting of innovative SMEs at various stages of business development, from the seed to expansion phase, in the Western Balkans. ENIF aims at reinforcing the financial structure of innovative SMEs resulting in a strong and bankable balance sheet.

Enterprise Expansion Fund (ENEF)

The Enterprise Expansion Fund (ENEF) finances established SMEs with high growth potential to support the development and expansion of their businesses. It is managed and advised by the European Bank for Reconstruction and Development (EBRD) and investing since 2016. In particular ENEF aims to identify local and regional champions – market leaders with good growth prospects – and provide them with the financing they need to take them to the next level.

Guarantee Facility

The WB EDIF Guarantee Facility (“GF”) serves to provide a capped guarantee for SME loans via the participating commercial banks in the WB territories whereby such SMEs can obtain a loan to cover financing for investment and working capital of up to EUR 500k.

Competitiveness programme

Through WB EDIF, EUR 30m is provided by the EU for the grant component of the Programme in support of up to EUR 140m from the EBRD for lending to local commercial banks and credit institutions in the economies of the Western Balkans for on-lending to local SMEs.

Programme components are: Dedicated credit lines to partner financial institutions (“PFIs”) for on-lending to SMEs in support of investments that lead to improvement of their overall competitiveness and align them with the EU Priority Directives; Investment incentives for SMEs and Technical assistance provided by a project consultant to market, implement and monitor the Programme and a verification consultant to verify the technical implementation of the investments by sub-borrowers before the incentives are paid.

Support services

In order to offer a holistic approach to private sector development, WB EDIF also houses a wide range of support mechanisms, which work together with the financial instruments to enhance the emergence and growth of innovative and high-potential SMEs in the region.

Link to: For policy makers – Western Balkans Enterprise Development & Innovation Facility (wbedif.eu)

WBEDIF economies

Bosnia and Herzegovina


North Macedonia




Financial institution involved in EU programmes:



WB EDIF Annual Report 2019

Success Stories