Signature(s)
Summary sheet
- Credit lines - Credit lines
The operation consists of a loan to the intermediary to support small and medium sized enterprises (SMEs), midcaps and local authorities in Denmark.
The aim is to enhance access to finance to the target beneficiaries.
The operation will support the financing of small-scale investments carried out by SMEs and MidCaps in Denmark. The uncertainties in the global economy due to the war in Ukraine, inflation, energy prices, high interest rates and unrest in the Middle East have exacerbated the difficulties that SMEs and MidCaps experience in accessing cost-effective, long-term finance. By generating additional lending capacity, the proposed operation supports investments in productive assets, energy efficiency and sustainable transport undertaken by SMEs and MidCaps. The Financial Intermediary is specialized in SME finance, has a wide network and thereby ensures higher market reach for EIB financing. The project will generate a positive effect on SMEs and Mid-Caps by offering longer-term financing and lower financing costs.
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.