New Delhi, 19 May, 2015 (ISSME): With a view to further the entrepreneurial spirit across the European region, the European Bank for Reconstruction and Development (EBRD) has launched the “Small Business Impact Fund” on May 14, 2025 under its Small Business Initiative. The Fund will provide the main vehicle to channel donor resources to small and medium-sized enterprises (SMEs) through financial institutions, co-financing and policy. The Fund is aimed at creating a network of like-minded donors working together with the EBRD to set strategic priorities and support innovative products that help SMEs innovate and grow. EBRD - backed by 64 governments, including USA - provides financial support to businesses of over $1.7 billion annually.