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Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Italy : € 150,000,000
Energy : € 15,000,000
Credit lines : € 135,000,000
Signature date(s)
29/12/2022 : € 3,750,000
22/12/2022 : € 3,750,000
22/12/2022 : € 3,750,000
7/12/2022 : € 3,750,000
22/12/2022 : € 33,750,000
7/12/2022 : € 33,750,000
29/12/2022 : € 33,750,000
22/12/2022 : € 33,750,000

Summary sheet

Release date
27 June 2022
Status
Reference
Signed | 07/12/2022
20210471
Project name
Promoter - financial intermediary
REGIONE EMILIA-ROMAGNA EU BLENDING PROGRAMME
BANCA NAZIONALE DEL LAVORO SPA,BPER BANCA SPA,ICCREA BANCA SPA - ISTITUTO CENTRALE DEL CREDITO COOPERATIVO,INTESA SANPAOLO SPA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
not applicable
Location
Sector(s)
Description
Objectives

Support Regione Emilia-Romagna measures in favor of local small and medium-sized enterprises (SMEs) targeting investments in priority sectors (Regional Development Plan 2021-2027).

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

Additionality and Impact

The operation addresses access to finance constraints facing SMEs in Emilia-Romagna Region through L/T loans that supports new financing for SMEs and Midcaps. Currently a regional specific plafond of ESIF funds have been allocated to reduce interest rates in the tourism sector. The Region is available to enlarge this interest rebate opportunity to other sectors. The EIB contribution rests on longer maturity and introducing an innovative product to the regional market. EIB involvement also generates a signalling effect that may help crowd in additional financing. Implementation is handled by four intermediaries selected by the Region through a public tender that have in-depth experience with implementing EIB products through a network of branches in the targeted region.

The operation addresses the constrained access to finance for SMEs/Midcaps which stems from the market failure of asymmetric information. It also rests on strategic alignment with EU and EIB policy priorities as well as the country's national development plan.

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.

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).

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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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