Release date: 27 October 2022
Promoter – Financial Intermediary
CREDIT AGRICOLE LEASING & FACTORING,EUROPEJSKI FUNDUSZ LEASINGOWY SALocation
Description
The operation aims at financing small to medium sized investments carried out by SME and Midcap across EU, mainly in France, Poland, Spain and Germany. The operation features a sizeable Climate Action component of at least 30%.
Additionality and Impact
The proposed operation supports the financing of small and medium scale projects undertaken by SMEs and Mid-Caps located mainly in France, Poland, Germany, Spain, and potentially other EU countries. As such, it falls under the scope of EU objectives through its contribution to job creation and to increased competitiveness and productivity of SMEs and Mid-Caps. Moreover, at least 30% of the resulting investments are intended to support the Climate Action & Environmental Sustainability ("CA&ES") objective, hence helping to accelerate the green transition of the above-mentioned EU economies.
Building on the Intermediaries' strong track record and long-standing experience, it is expected that EIB funds will be utilised in an efficient and timely manner. Thanks to the EIB's contribution in terms of Financial Value Added, the Intermediary will be able to facilitate the access to finance and improve funding conditions to final beneficiaries in the form of reduced interest rates, including in Cohesion regions.
Objectives
Financing of small/medium projects carried out by SMEs and Midcaps with a specific focus on Climate Action.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 400 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 - 25/01/2023
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).