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    Reference: 20190077
    Release date: 19 June 2019

    Promoter – Financial Intermediary

    BANKIA SA

    Location

    Description

    The project consists of the financing of a facility to foster the integration into the labour force of young people in Spain, including vocational training students, and small and medium-sized projects in Spain carried out by small and medium-sized enterprises (SMEs) - for a minimum of 70% of the total loan amount - and mid-caps - for up to 30% of the total amount.

    Objectives

    Addressing youth employment is critical in underpinning the long-term economic recovery of the EU. In order to increase the employment prospects for the youth, there is a need for investment in education, and more specifically in such areas where significant job prospects for such acquired skills can be expected. At the same time, it is also imperative to create job opportunities whereby young generations can further develop skills on the job that can help them sustainably enter and integrate into the labour force.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 400 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    The Bank will require that projects financed under this operation comply with EU applicable legislation, as appropriate and where applicable.

    Procurement

    The Bank will require that projects financed under this operation comply with EU applicable legislation, as appropriate and where applicable.

    Status

    Signed - 13/11/2019

    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).

    Related tags

    Spain Credit lines