International Guarantee
The Garantie de Projets à l’International covers up to 50% of the capital a French company invests in a foreign subsidiary, for creation, acquisition of a stake or growth projects. It covers the subsidiary's economic risk and excludes political risk, relocations and financial restructurings. It should not be confused with a standard loan guarantee.
Financing international expansion can involve several Bpifrance guarantee mechanisms. A guarantee on a loan to the company must be distinguished from the Garantie de Projets à l’International (GPI, international project guarantee), which covers part of the capital invested in a foreign subsidiary.
Funded by Bpifrance
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Who can apply
For the GPI: French SME or mid-cap, with genuine economic activity in France, mainly European shareholders and at least 12 months of accounts, subject to the thresholds and criteria published by Bpifrance.
Eligibility conditions
The GPI covers projects to set up abroad through the creation of, acquisition of a stake in, or growth of a foreign subsidiary in eligible countries, excluding countries under sanctions. It does not cover relocations or financial restructurings.
What the scheme covers
Equity contributions made to one or more foreign subsidiaries for creation, acquisition of a stake or growth, within the scope of the GPI.
Amount and funding terms
For the Garantie de Projets à l’International, coverage can reach 50% of the capital invested in the foreign subsidiary. The product terms must be checked before applying this rate to another international guarantee.
How to apply
Determine whether the project needs a loan guarantee or a guarantee on capital invested in a subsidiary. For the GPI, complete the Bpifrance form and prepare the requested financial and group structure information.
Timeline
The terms depend on the international product used and the review of the application. Check the current version of the form and conditions before applying.
Key facts
- Funder
- Bpifrance
- Type of funding
- Guarantee
- Status
- Ongoing
- Funding rate
- 60%
- Automatically extracted — check the official source
- Geographic scope
- All of France
Frequently asked questions
What amount or level of support is available?
For the Garantie de Projets à l’International, coverage can reach 50% of the capital invested in the foreign subsidiary. The product terms must be checked before applying this rate to another international guarantee.
Who can benefit?
For the GPI: French SME or mid-cap, with genuine economic activity in France, mainly European shareholders and at least 12 months of accounts, subject to the thresholds and criteria published by Bpifrance.
How can I check my eligibility?
The GPI covers projects to set up abroad through the creation of, acquisition of a stake in, or growth of a foreign subsidiary in eligible countries, excluding countries under sanctions. It does not cover relocations or financial restructurings.
What is the application process?
Determine whether the project needs a loan guarantee or a guarantee on capital invested in a subsidiary. For the GPI, complete the Bpifrance form and prepare the requested financial and group structure information.
Official source
No official URL is available in our data for this grant.
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