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    Reference: 20210684
    Release date: 23 February 2023

    Promoter – Financial Intermediary

    BANQUE FEDERATIVE DU CREDIT MUTUEL

    Location

    Description

    The operation aims to facilitate longer-term financing for small and medium sized enterprises (SMEs) and Midcaps active in agriculture/bioeconomy sector in France. At least 30% of funding will be dedicated to young farmers (below 41 years old) while a 60% will be dedicated to climate action projects.

    Objectives

    Financing of small/medium projects carried out by small and mediumsized enterprises (SMEs) and mid-caps in the agriculture and bio-economy sector mainly in France with at least a 60% contribution to climate action.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 100 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 - 18/11/2022

    Milestone
    Under appraisal
    Approved
    Signed
    20 July 2022
    18 November 2022

    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

    France Credit lines