Release date: 12 September 2023
Promoter – Financial Intermediary
ADE CAPITAL SODICAL SCR,INSTITUTO PARA LA COMPETITIVIDAD EMPRESARIAL DE CASTILLA Y LEONLocation
Description
Dedicated loan for financing small and medium-sized projects carried out by small businesses (SMEs) and mid-caps companies mainly located in the region of Castilla y León (Spain), with a focus on the support of job creation, human capital retention and on the promotion of regional policies on circular economy.
Objectives
The operation seeks to facilitate investments of SMEs and mid-Caps that will contribute to job creation, human capital retention and circular economy in a Transition Region that was severely affected by the economic crisis in recent years. According to historical allocations of previous lines, about 9,600 employees are expected to benefit from the proposed project (to be further verified during appraisal). An indicative 50% of the loan will be used to finance SMEs in various sectors (mainly manufacturing and trade).
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 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
Approved - 19/12/2023
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).