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Summary sheet

Release date
26 March 2021
Status
Reference
Approved | 17/06/2021
20210118
Project name
Promoter - financial intermediary
MIDCAP PROGRAMME LOAN SPAIN AND PORTUGAL 3
ACCEPTABLE CORPORATE(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million
EUR 600 million
Location
Sector(s)
Description
Objectives

Programme loan to finance the investments of eligible mid-caps and small and medium-sized enterprises (SMEs) in different industrial sectors in Spain and Portugal.

This programme loan will improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps.

Additionality and Impact

The projects under this Midcap Programme Loan concern investments by innovative Midcaps and SMEs, leading to new knowledge creation, wider innovation development and deployment, positive social and environmental effects, growth and employment opportunities creation. They contribute to the EIB's Innovation and SME policy objectives, and partly to its Economic and Social Cohesion and Climate Action and Environmental Sustainability policy objectives. EIB financing therefore addresses market weaknesses and failures constraining the availability of financing for SMEs and Midcaps, those associated with imperfect competition and incomplete markets for innovative and still market-entry stage technologies, and those associated with projects generating positive knowledge, environmental and safety externalities. The investments will contribute to the promoter's sustainable long term profitability, will add to the social welfare by bringing about wider economic and social benefits and will be implemented by promoters with good track record and experienced management, capable to deliver sound projects integrating relevant positive environmental and social dimensions and thus contributing to address and mitigate the identified market failures.
EIB's involvement is expected to generate positive effects, mainly in terms of availability of long-term funding, at favourable rates and allowing diversification of sources of funds and it should have positive impact on mobilising other financiers and signalling that a project is sound and worth supporting.

Environmental aspects
Procurement

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

The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, where applicable.

Related projects
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).

Documents

Environmental and Social Data Sheet (ESDS) - MIDCAP PROGRAMME LOAN SPAIN AND PORTUGAL 3
Publication Date
8 Jul 2021
Document language
Main Topic
Lending
Document Number
139593260
Document Focus
Environmental Information
Project Number
20210118
Sector(s)
Regions
Countries
Publicly available
Download now

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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