Release date: 26 September 2014
Promoter – Financial Intermediary
Kingdom of SpainLocation
Description
Loans and guarantees for financing small and medium sized investment promoted by SMEs.
Objectives
The SME Initiative in Spain is expected to make a significant contribution to sustainable growth and employment through the facilitation of credit at attractive terms. It aims to enhance the Bank’s support to the economic development of SMEs in Spain. The initiative involves collaboration between the European Commission with the EIB Group, the Spanish national authority of structural funds and a selected number of Spanish regions. Given the expected contribution of the EU programme Horizon 2020, it is expected that the SME Initiative Spain will also benefit research, development and innovation projects carried out by SMEs in line with the Horizon 2020 eligibility criteria.
Comments
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 1974 million
Total cost (Approximate amount)
EUR 6000 million
Environmental aspects
The Bank will require that projects financed under this operation comply with EU applicable legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with EU applicable legislation, as appropriate.
Status
Signed - 26/01/2015
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).