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    Reference: 20190491
    Release date: 29 October 2019

    Promoter – Financial Intermediary

    INSTITUTO PARA LA COMPETITIVIDAD EMPRESARIAL DE CASTILLA Y LEON

    Location

    Description

    The project is a dedicated loan for financing small and medium sized projects carried out by SMEs and mid-caps companies mainly located in the region of Castilla y León (Spain), with a focus on the support of job creation, human capital retention and on the promotion of regional policies on circular economy.

    Objectives

    The operation seeks to facilitate investments of SMEs and mid-Caps that will contribute to job creation in a region that was severely affected by the economic crisis in recent years. An indicative 50% of the loan will be used to finance SMEs in various sectors (mainly manufacturing and trade).

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 120 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 20/12/2019

    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