Release date: 11 April 2005
Promoter – Financial Intermediary
LUZARO ESTABLECIMIENTO FINANCIERO DE CREDITO SALocation
Description
The global loan will be used to finance projects of limited scale promoted by SMEs in the Basque Country of Spain, most of them innovative projects.
Objectives
The project will contribute to reinforce the productivity and competitiveness of SMEs throughout the Basque Country in Spain, which is an assisted Objective 2 area. It will also support regional development and innovation investments.
Comments
Innovation and the development of the information society.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million. The EIB funding would represent up to 50% of individual allocations.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with national and EU Directives, as appropriate.
Procurement
Final beneficiaries will be requested to comply with national and EU Directives, as appropriate.
Status
Signed - 23/09/2005