Private equity is an important lever for regional development through its financial contribution to businesses and start-ups, its plan for monitoring and supporting entrepreneurs, and in particular its social impact through the creation of employment. It is in this context that the CDC decided to create the first Regional Development Fund in 2014 to strengthen investment opportunities in regions with a target size of 100 MTD.
The second CDC Growth Fund was created in 2016. In this same regional development perspective, an agreement with six (6) regional SICARs was signed by the CDC on February 18, 2016. An allocation of 25 million dinars was allocated to Caisse des Dépôts et Consignations to support the resources of regional SICARs.
The funds granted will be used to fund accounts opened with SICARs to finance projects for a period of 10 years extendable by one year twice and with tickets ranging between 300 MD and 1,000 MD.