Release date: 28 September 2015
Promoter – Financial Intermediary
Funding Circle LimitedLocation
Description
A pilot project to provide financing to small and medium-sized enterprises (SMEs) in the United Kingdom via an online peer-to-peer lending platform
Objectives
Financing of projects carried out by small and medium-sized enterprises
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 136 million (GBP 100 million)
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 16/06/2016
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).