SANTANDER GREEN LOAN FOR SMES AND MIDCAPS

Projektträger – zwischengeschaltetes Finanzinstitut

BANCO SANTANDER SA

Ort

• Spanien

Beschreibung

This EIB loan finances 100% green investment of small and medium-sized enterprise and mid-caps. This multiple beneficiary intermediated loan (MBIL) is a sub-operation under the programme Loan SPAIN CLIMATE ACTION MBIL PROGRAMME (2019-0346)

Additionality and Impact

The main purpose of this operation is to facilitate access to finance at favourable conditions to Spanish SMEs and Midcaps, most of which have been impacted by the energy crisis. Santander has a good track record in allocating EIB funds to support sound projects dedicated to SMEs and Mid-Caps. The project will support the green transition by financing new energy efficient buildings (the operation will thus have a 100% climate contribution). EIB contribution takes the form of financial benefit and longer tenors. By providing new credit lines to SMEs and Mid-Caps via an established intermediary, the EIB can play a counter-cyclical role, preserve employment and positively contribute to the recovery of the Spanish economy. EIB investment, through a securitization, will crowd-in public and private investors.

Ziele

Financing of small/medium projects carried out by small and medium sized enterprises.

Sektor(en)

• Industrie - Baugewerbe/Bau

Vorgeschlagene EIB-Finanzierung (voraussichtlicher Betrag)

EUR 100 million

Gesamtkosten (voraussichtlicher Betrag)

not applicable

Umweltaspekte

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Auftragsvergabe

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Projektstatus

Unterzeichnet - 19/07/2023