Signature(s)
Summary sheet
- Credit lines - Credit lines
The project consists of the financing of a facility to foster the integration into the labour force of young people in Spain, including vocational training students, and small and medium-sized projects in Spain carried out by small and medium-sized enterprises (SMEs) - for a minimum of 70% of the total loan amount - and mid-caps - for up to 30% of the total amount.
Addressing youth employment is critical in underpinning the long-term economic recovery of the EU. In order to increase the employment prospects for the youth, there is a need for investment in education, and more specifically in such areas where significant job prospects for such acquired skills can be expected. At the same time, it is also imperative to create job opportunities whereby young generations can further develop skills on the job that can help them sustainably enter and integrate into the labour force.
The Bank will require that projects financed under this operation comply with EU applicable legislation, as appropriate and where applicable.
The Bank will require that projects financed under this operation comply with EU applicable legislation, as appropriate and where applicable.