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    Signature(s)

    Amount
    € 125,000,000
    Countries
    Sector(s)
    The Netherlands : € 125,000,000
    Credit lines : € 125,000,000
    Signature date(s)
    12/11/2021 : € 125,000,000

    Summary sheet

    Release date
    25 May 2021
    Status
    Reference
    Signed | 12/11/2021
    20200057
    Project name
    Promoter - financial intermediary
    DE LAGE LANDEN CIRCULARITY L4SME-MIDCAPS II
    DE LAGE LANDEN INTERNATIONAL BV,DE LAGE LANDEN LEASING,DE LAGE LANDEN VENDORLEASE BV
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 125 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    Financing of small scale projects carried out by small and medium-sized enterprises (SMEs) and mid-caps as part of DLL's circular economy programme.

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

    Additionality and Impact

    The project supports the financing of small scale projects carried out by SMEs and Mid-Caps in the Netherlands and Belgium with high relevance in terms of Circular Economy ("CE") under De Lage Landen CE programme. The project has a very good policy contribution as it addresses access to finance for SMEs and Mid-Caps with focus on CE and Climate Action & Environmental Sustainability. The operation is a step in the implementation of the CE concept via financial intermediaries, targeting a specific, challenging sub-segment of SME lending. The project quality and results scoring is very good driven by the capacity and soundness of the intermediary, the project's improving access to finance and financing conditions for final beneficiaries. The implementation capacity of the intermediary is considered excellent as demonstrated by its track record on previous facilities and the soundness of the intermediary within its operating environment. The improved financing conditions are directed to a specific segment of final beneficiaries, specifically targeting investment project contributing to circular economy. The EIB contribution is considered good based on ongoing engagement between EIB and the intermediary notwithstanding the limitations of the current interest rate environment's room to offer financial benefit. EIB's support helps the mainstreaming of financial solutions that are driving change towards the circular economy by facilitating the leasing of second and third life equipment, closing the supply chain loop through refurbishment/remanufacturing services.

    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

    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).

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