Signature(s)
Summary sheet
- Credit lines - Credit lines
The loan will support projects promoted primarily by small and medium sized enterprises (SMEs) and mid-caps in the Czech Republic, with a partial dedication to Climate Action and Environmental Sustainability.
The aim is to enhance access to finance to the target beneficiaries.
The operation predominantly addresses market failure in terms of access to finance constraints faced by SMEs and Midcaps in the Czech Republic. Furthermore, the finance unlocked by the EIB benefits cohesion areas (80%, of which two-thirds attributed to Less Developed regions) and thus helps reduce regional disparities as per the EU's cohesion policy. Implementation is handled by an intermediary that has in-depth experience with implementing EIB products through a network of branches in the targeted regions.
The contribution to climate action of 20% is significant and aligned with the EIB's Climate Action Strategy. The operation likewise sustains employment in the targeted areas. The EIB contribution to the success of the intermediary rests on longer maturity and signalling effect that may help crowd in additional financing.
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.