Summary sheet
- Credit lines - Credit lines
The Lending Envelope (LE) will enable new investments in the security and defence industry across Europe. The LE consists of sub-operations in the form of intermediated finance products, specifically Multi-Beneficiary Intermediated Loans (MBILs) and Supply Chain Finance Risk Sharing product with acceptable Financial Intermediaries.
The aim of the Lending Envelope is to support the European security and defence industry, along with its supply chain, by facilitating access to bank loans for small and medium-sized enterprises (SMEs) and mid-caps in the sector. Additionally, it provides guarantees to financial intermediaries under the Supply Chain Finance Risk Sharing product. This product specifically covers the outstanding risk exposure associated with trade payables issued by suppliers of a Buyer operating in the defence sector, ensuring those payables are settled by the Buyer. The sub-operations will involve European defence companies and their EU-based suppliers carrying out projects/investments in the EU. Weapons and ammunitions, including explosives and sporting weapons, at the level of the final beneficiary and the project / investment will be not eligible for EIB financing.
Sub-projects will fall within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final Beneficiaries under the bank intermediated financing and the defense companies (the Buyers) under the supply chain finance guarantee product will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Sub-projects needs to comply with the EU acquis and the EIB will require the Financial Intermediary to take all the requisite measures to ensure that the procurement procedures carried out by the Final Beneficiaries under the the bank intermediated financing and the defense companies (the Buyers) under the supply chain finance guarantee product will 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.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
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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