INNOVATIVE SME FINANCING - P2P PILOT FACILITY

Promoter – Financial Intermediary

Funding Circle Limited

Location

• United Kingdom

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)

• Credit lines

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