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ILB LOAN FOR SME AND MID-CAPS INNOVATION

Summary sheet

Release date
11 July 2018
Status
Reference
Signed | 08/05/2019
20180031
Project name
Promoter - financial intermediary
ILB LOAN FOR SME AND MID-CAPS INNOVATION
INVESTITIONSBANK DES LANDES BRANDENBURG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
not applicable
Location
Sector(s)
Description
Objectives

The operation consists of a loan provided to Investitionsbank des Landes Brandenburg (ILB), the German promotional bank, to increase access to finance for innovative small and medium-sized enterprises (SMEs) and Mid-Caps in Brandenburg, Germany.

Loans, which will be provided by ILB, will have to support small/medium investments projects undertaken by innovative enterprises.

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.

Link to source
Summary sheet
ILB LOAN FOR SME AND MID-CAPS INNOVATION

Disclaimer

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

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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