Signature(s)
Summary sheet
Loan for small and medium-sized enterprises (SMEs)/mid-caps and Climate Action and Environmental Sustainability. Will support small and medium-sized projects, promoted by SMEs and mid-caps.
Financing of small/medium projects carried out by small and medium-sized enterprises (SMEs) in different sectors, including a 50% dedication to Climate Action and Environmental Sustainability.
This project supports the strengthening of the EU's economic, social and territorial cohesion and addresses existing market failures. EIB funding will help to ease financial constraints for SMEs and MidCaps and will also address the gap in long tenor financing for small to mid-size Climate Action & Environmental Sustainability projects with a 50% green window. In addition, it will support projects in cohesion areas (expected at 20%). In the present operation, EIB will address the continuously existing financing gap stemming from sub-optimal investment conditions for SMEs through an experienced financial intermediary and will enhance access to finance for local enterprises at improved terms, consisting of reduced interest rates and longer maturities. The operation is going to leverage on the Financial Intermediary's franchise in Upper Austria and neighboring markets including in other EU countries and is expected to channel funds particularly to activities promoted by local SMEs and MidCaps contributing to energy efficiency in buildings and industrial companies, renewable energy and e-mobility. By supporting small and mid-size SME and MidCap projects, EIB sends a positive signal to private investors and thus incentivises further financing. The financing of SMEs and MidCaps generates positive externalities through the creation of jobs, innovative processes, products or services and through skills development and digital upgrading. In combination with a green window, additional market failures are addressed. The Renewable Energy (RE) projects financed under the green window will produce energy from low carbon sources and reduce negative environmental externalities through the reduction of carbon and air pollution.
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 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).
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.
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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 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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