Release date: 4 October 2017
Promoter – Financial Intermediary
ACCEPTABLE BANK(S), ACCEPTABLE BANK(S)Location
Description
Programme Loan to support the innovation & digitalisation of Spanish small and medium-sized enterprises (SMEs) and Mid-Caps. Sub-operations will be loans to acceptable financial institutions or any other qualifying counterparts (i.e. SPV for ABS) who will in turn finance innovative SMEs & Mid-Caps, including their digitalization investment expenditures.
Objectives
The operation is expected to support the financing of mainly SMEs & Mid-Caps, in particular through facilitating the financing of their digitalization and innovation investments.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The projects to be financed under this programme loan will most likely concern investments expected to be carried out in existing facilities already authorised and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. However, for each sub-operation the Bank's services will review during the project appraisal whether any of the concerned projects might fall under the EIA Directive, as well as any other environmental details of the project.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Approved - 14/11/2017
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).