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    Signature(s)

    Amount
    € 20,000,000
    Countries
    Sector(s)
    EU Countries : € 20,000,000
    Services : € 20,000,000
    Signature date(s)
    11/02/2022 : € 20,000,000

    Summary sheet

    Release date
    19 August 2021
    Status
    Reference
    Signed | 11/02/2022
    20210221
    Project name
    Promoter - financial intermediary
    SABADELL CO-INVESTMENT FACILITY (EGF VDC)
    SABADELL VENTURE CAPITAL SLU
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 20 million
    EUR 37 million
    Location
    Sector(s)
    Description
    Objectives

    Co-investment facility between Sabadell Venture Capital and the EIB to support small and medium-sized enterprises (SMEs) impacted by the COVID-19 crisis in Iberia (Spain and Portugal) through venture debt instruments.

    Co-investment facility allowing the EIB to deploy venture debt in cooperation with Sabadell Venture Capital. The facility would focus on SMEs (start-ups and growth companies) impacted by the COVID-19 crisis in Iberia (Spain and Portugal).

    Additionality and Impact

    The pandemic has exacerbated the known difficulties that SMEs and especially innovative SMEs experienced in accessing cost-effective, long-term finance. These difficulties arise from the small scale of activities, uncertainties in the market and inherent riskiness of innovation activities leading to lower rates of return and higher risk of failure. The EIB co-investment with SVC would help SMEs to alleviate the immediate negative effects of the pandemic by offering finance to strengthen their competitiveness and build-up their future resilience through the support to small-scale investments in several innovative high technology sectors. The targeted innovative SMEs will develop and deploy technologies that will be adopted eventually more widely in the EU and thereby they will contribute to strengthen Europe's economic resilience and competitiveness, support digital transformation and help withstand major adverse events such as the pandemic. 

    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.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - SABADELL CO-INVESTMENT FACILITY (EGF VDC)
    Publication Date
    10 Nov 2021
    Document language
    Main Topic
    Lending
    Document Number
    143090180
    Document Focus
    Environmental Information
    Project Number
    20210221
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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