Release date: 31 July 2019
Promoter – Financial Intermediary
CAJAMAR CAJA RURAL SCCLocation
Description
The project consists of a dedicated guarantee enhancing access to loan finance for small and medium sized enterprises (SMEs) and Midcaps (enterprises up to 3,000 employees) operating in the rural sector in Spain, mainly in cohesion regions (for example in Galicia).
Objectives
The loan will be used for the financing of small and medium-sized investment projects in eligible industry and services sectors. An indicative 70% of the loan will be used to finance SMEs.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 325 million
Total cost (Approximate amount)
EUR 972 million
Environmental aspects
In line with the EIB's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment, Cajamar Caja Rural will be requested to take all the necessary measures to ensure that the beneficiary SMEs and Midcaps's sub-projects will comply with the relevant EU legislation and the applicable national legislation, provided that this conforms with EU rules.
Procurement
In accordance with the EIB's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of public procurement, Cajamar Caja Rural will be requested to take all the necessary measures to ensure that the procurement procedures carried out by the beneficiary SMEs and Midcaps's comply with the relevant EU legislation and the applicable national legislation, provided that this conforms with EU rules.
Status
Signed - 14/12/2018
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).