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    Reference: 20150884
    Release date: 5 February 2016

    Promoter – Financial Intermediary

    Suomen Tasavalta

    Location

    Description

    Implementation of the SME Initiative (SMEi) in Finland, a joint initiative of the EIB Group and the European Commission (EC) aiming to support European small and medium-sized enterprises (SMEs) through risk-sharing financial instruments

    Objectives

    Final beneficiaries will be SMEs. The main objective will be to facilitate the flow of credit to the final beneficiaries.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 272 million

    Total cost (Approximate amount)

    EUR 557 million

    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 the intermediary institutions to take all the mecessary measures to ensure that the environmental and procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules.

    Procurement

    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 the intermediary institutions to take all the necessary measures to ensure that the environmental and procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules.

    Status

    Signed - 14/09/2016

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Finland Credit lines