Signature(s)
Summary sheet
- Energy - Electricity, gas, steam and air conditioning supply
- Credit lines - Credit lines
The project consists in a loan facility to Mediocredito Trentino Alto Adige (MCTAA) to support small and medium sized enterprises (SMEs) and midcaps in Italy. At least 70% of the loan will be allocated to SMEs investments, while 25% will support Climate Action and Environmental Sustainability projects.
The aim is to enhance access to finance for the target beneficiaries, with a particular focus on the renewable energy sector, such as photovoltaics, wind power and biomass.
The Loan will be structured as an MBIL dedicated to SMEs (at least 70%) and Midcaps (up to 30%). At least 25% of the facility will be dedicated to Climate Action and Environmental Sustainability projects. The facility addresses an important market failure that is SMEs' access to finance which, despite improvement in the recent years, still lags behind. This has become even more important in the context of the economic downturn caused by the War in Ukraine.
Through this operation additional resources will be channelled to finance eligible investments promoted by SMEs and Midcaps: the additional lending capacity provided through the EIB's intervention will generate positive effects on investments from the availability of long term financing and of overall lower financing costs.
The Climate action element of the operation, the renewable energy schemes will produce electricity from low carbon sources, and addresses negative climate and environmental externalities through the reduction of carbon emissions and other air pollution. Therefore the financing contributes to Italy 2030 decarbonisation goals.
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.