Signature(s)
Summary sheet
- Credit lines - Credit lines
The operation consists of multiple beneficiary intermediated loan (MBIL) to support small and medium-sized enterprises (SMEs) and mid-caps in France. 30% of the facility will be dedicated to climate action and environmental sustainability projects.
The aim is to enhance access to finance to the target beneficiaries, of which 80% located in Cohesion Regions.
The MBIL operation will support French SMEs and MidCaps, addressing important market failure preventing their access to finance especially given the current macroeconomic environment. The minimum 30% Climate Action and Environmental Sustainability component (CA&ES) as promoted by SMEs and MidCaps will help in contributing to EIB's lending priority objective. The proposed operation will contribute to the EIB Climate Strategy by boosting investments aimed at tackling Climate Change and by increase Climate Change awareness.
In addition, a transversal objective on improving access to finance in less developed and transition regions of France (cohesion areas) is marked considering the domestic and regional footprint on such areas of Credit Mutuel Arkea.
The Intermediary is an experienced EIB counterparty, able to properly allocate EIB funds to the targeted final beneficiaries, also with respect to the focus on the CA&ES component considering the proposed operation as the second Climate-dedicated project towards Arkea.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.