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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Spain : € 150,000,000
    Credit lines : € 150,000,000
    Signature date(s)
    6/02/2014 : € 75,000,000
    14/07/2014 : € 75,000,000

    Summary sheet

    Release date
    12 November 2013
    Status
    Reference
    Signed | 06/02/2014
    20130519
    Project name
    Promoter - financial intermediary
    LOAN FOR SMES & MIDCAPS ERDF TECHNOLOGY FUND
    ACCEPTABLE BANK(S)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Loan to complement a risk-sharing fund that is endowed with ERDF moneys from the 'Technology Fund 2007-2013' and that has been created for the financing of companies of innovation and techonology related sectors in Spain.

    The proposed EIB loan for SMEs aims to enhance the Bank’s support to the economic development of small-sized companies mainly in less-favoured regions. The loan is expected to support projects undertaken by SMEs and Mid-Caps operating in innovative and technology related sectors. It may contribute to increasing the productivity of the final beneficiaries as well as to creating high-quality jobs. It is foreseen that around 70% of the funds will be located in convergence, phasing-out and phasing-in regions of Spain.

    Environmental aspects
    Procurement

    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.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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