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    Reference: 20200855
    Release date: 24 March 2022

    Promoter – Financial Intermediary

    BPIFRANCE INVESTISSEMENT

    Location

    Description

    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.

    Objectives

    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.

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 144 million

    Environmental aspects

    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.

    Procurement

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

    Status

    Signed - 25/02/2022

    Disclaimer

    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).

    Related tags

    France Services