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    Summary sheet

    Release date
    17 June 2020
    Status
    Reference
    Under appraisal | 02/12/2019
    20180505
    Project name
    Promoter - financial intermediary
    NATIONAAL GROENFONDS
    STICHTING GROENFONDS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 35 million
    EUR 189 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of an intermediated loan to Nationaal Groenfonds (NG), a Dutch organisation financing environment improving activities, mainly to SMEs and across the Netherlands.

    The operation is expected to facilitate access to finance primarily SMEs active in environment protection, renewable energy, circular economy, carbon-saving technologies/processes, as well as to the wider bioeconomy.

    Environmental aspects
    Procurement

    Sub-projects to be financed financed by the fund may fall under the scope of Annex I or II of Environmental Impact Assessment (EIA) Directive 2014/52/EU, in which case the national competent and/or EU legislation or based on the application of the EIB Environmental and Social Standards, the Fund will be required to ensure that an EIA procedure is carried out, including due public consultation at a level that is in line with EU standards. Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Most, if not all, of the sub-project investments under this project will be implemented and procured by private sector final beneficiaries, not falling under the meaning of public authority per the EIB Guide to Procurement and therefore using a private procurement regime. Some of the private companies will follow public procurement if they benefit from exclusive or special rights (mostly in the electricity sector), or as a result of shareholder obligations to follow public procurement. Following standard EIB procedures, the EIB will require the intermediary to take all requisite measures to ensure that procurement by the final beneficiaries is undertaken in line with the provisions of the EIB Guide to Procurement. Under these conditions, the procurement procedures to be followed by the promoter(s) are suitable for the project and satisfactory to the EIB. 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).

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    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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