Summary sheet
The project concerns participation in a fund backed by the French government via the Programme d'Investissement d'Avenir. The fund is managed by BPI France, which regroups Oséo, CDC Entreprises, the Fond Stratégique d'Investissement (FSI) and FSI Régions.
The fund is earmarked to take minority positions in joint venture with private sector entities, mostly small and medium-sized enterprises (SMEs) and mid-caps in the manufacturing sectors, enabling them to industrialise new technologies, processes and products.
It is likely that some or all of the investments in which the fund will participate form part of projects which fall under EU environmental legislation. The Bank will require the fund to comply with the Bank's standards.
Investments by the fund will be limited to private entities not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.