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    Reference: 20230069
    Release date: 5 May 2023

    Promoter – Financial Intermediary




    Financing of eligible investments promoted by Italian mid-cap companies in Italy and other EU Member States, operating in manufacturing, agri-food and other sectors and services, also contributing to the innovation and climate and environmental sustainability objectives.

    Additionality and Impact

    The combination of high interest rates and tightening credit standards is posing major barriers to investments for Italian firms, which largely depend on availability of external financing to fund their R&D and capital expenditures. Private investments generally create positive externalities as they stimulate increasing capital returns on the aggregate level of an economy and help building up a stock of knowledge capital. The proposed Multiple Borrower Intermediated Loan aims at financing investments promoted by small and mid-sized companies primarily in Italy and, potentially, other EU countries. This would enable broader access to credit markets as well as diversification of funding sources, eventually responding to one of the key objectives of the Capital Market Union. Moreover, EIB funds will be channelled to eligible projects through Cassa depositi e prestiti (CDP) at particularly attractive pricing and tenor conditions, thus resulting in a significant financial value added for the final beneficiaries. 

    The technical assistance provided by the EIB will help CDP identifying, promoting and monitoring eligible investments aligned with Climate Action and Environmental Sustainability objectives.


    Financing of small/medium projects carried out by medium-sized enterprises (Mid-caps) and small and medium enterprises (SMEs).


    Proposed EIB finance (Approximate amount)

    EUR 500 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    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.


    Signed - 13/10/2023

    Under appraisal
    4 July 2023
    13 October 2023


    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

    Italy Credit lines