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The project consists in a guarantee instrument to support new lending to small and medium sized enterprises (SMEs) in the Netherlands.
The aim is to enhance access to finance to for SMEs.
The project will support Access to Finance to SMEs in The Netherlands by creating lending capacity for the financial intermediary and make an interest rate reduction possible for those SMEs. The project is part of the deployment of the European Guarantee Fund, which targets supporting Access to Finance for SMEs. The financially sound financial intermediary is well placed and has a strong and positive track record of implementing SME supporting programmes of EIB. The project is expected to offer a strong contribution to maintaining employment as it is expected to support a large number of smaller SMEs. The EIB involvement, using the European Guarantee Fund mandate, has a positive contribution towards the project.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.