Loan for SMEs with a Mid-cap tranche for financing SME and medium-sized companies projects (including projects in the field of tourism), small and medium scale infrastructure projects promoted by local authorities and any size industrial investment in the fields of i2i, energy and environmental protection. It is expected that grant schemes provided by the European Commission under the Energy Efficiency Finance Facility will be included in the loan.
Objectives
Financing for SME and intermediate-sized companies projects, small and medium scale infrastructure projects promoted by local authorities and any size industrial investment in the fields of i2i, energy and environmental protection.
Comments
Sector(s)
Credit lines
Proposed EIB finance (Approximate amount)
Up to EUR 250 million including a Mid-Cap tranche up to EUR 50 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Legal documentation will stipulate the obligation for financial intermediaries to ensure that projects financed under this loan are in line with relevant national and/or EU environmental legislation.
Procurement
Legal documents oblige the borrower to ensure that equipment purchases, services and works are procured in compliance with Bank’s usual criteria.
Status
Signed
-
15/04/2010.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, EIB can also be contacted through its external offices.
Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.
Any complaint regarding alleged maladministration can be lodged to EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero-tolerance against fraud and corruption
The EIB has a zero-tolerance policy on fraud or corruption. To report allegations of fraud or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.
The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
