Release date: 24 March 2022
Promoter – Financial IntermediaryBPIFRANCE INVESTISSEMENT
Venture debt co-investment platform between the EIB and BPI (the French National Promotional Finance Institution) to support the recovery of small and medium-sized enterprises (SMEs) impacted by the COVID-19 crisis.
To strengthen the "FRPME" (Fonds de Renforcement des PMEs) fund recently launched by the French BPI and aiming to support companies impacted by the COVID-19 crisis so they can resist and "rebound" to grasp opportunities once the crisis declines.
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 144 million
The platform's operational guidelines will provide for due diligence of environmental and social aspects for all projects, according to guidelines acceptable to the EIB.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Signed - 25/02/2022
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).