Release date: 8 October 2013
Promoter – Financial Intermediary
CASSA DEPOSITI E PRESTITILocation
Description
Dedicated EIB facility to finance small and medium size eligible investments promoted by SMEs and / or Mid-caps. One or more tranches might be specifically allocated to SMEs and / or Midcaps belonging to the so called Reti d'Impresa (enterprise networks).
Objectives
It is expected that more than 50% of the loan will be used to finance SMEs. From past experience, the main sectors targeted should be: (i) industry; (ii) trade, transport and tourism and (iii) construction. This loan aims at supporting growth and employment in Italy.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require such intermediary institution to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances will comply with the relevant EU legislation and the applicable national legislation.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 8/05/2014
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).