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Our offers in the area of later stage financing contribute to improving the equity base of Germany's SMEs on a sustainable basis. The ERP Participation Programme aims above all to supply 'smaller' SMEs with participations that generally amount to up to EUR 1 million. Our product 'Equity for the SME sector at large', on the other hand, can provide between EUR 1- 5 million for participations. Additional products that concentrate on promoting innovative projects or certain regions, for example, complete the range of financing offers by KfW in the later stage area.