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    Signature(s)

    Amount
    € 1,974,461,538.46
    Countries
    Sector(s)
    Spain : € 1,974,461,538.46
    Credit lines : € 1,974,461,538.46
    Signature date(s)
    26/01/2015 : € 1,974,461,538.46

    Summary sheet

    Release date
    26 September 2014
    Status
    Reference
    Signed | 26/01/2015
    20140424
    Project name
    Promoter - financial intermediary
    SME INITIATIVE SPAIN
    Kingdom of Spain
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 1974 million
    EUR 6000 million
    Location
    Sector(s)
    Description
    Objectives

    Loans and guarantees for financing small and medium sized investment promoted by SMEs.

    The SME Initiative in Spain is expected to make a significant contribution to sustainable growth and employment through the facilitation of credit at attractive terms. It aims to enhance the Bank’s support to the economic development of SMEs in Spain. The initiative involves collaboration between the European Commission with the EIB Group, the Spanish national authority of structural funds and a selected number of Spanish regions. Given the expected contribution of the EU programme Horizon 2020, it is expected that the SME Initiative Spain will also benefit research, development and innovation projects carried out by SMEs in line with the Horizon 2020 eligibility criteria.

    Environmental aspects
    Procurement

    The Bank will require that projects financed under this operation comply with EU applicable legislation, as appropriate.

    The Bank will require that projects financed under this operation comply with EU applicable legislation, as appropriate.

    Comments

    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).

    News & Stories

    General enquiries and comments

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    Alternatively, the EIB can be contacted through its external offices.
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    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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