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        BPIFRANCE LOAN FOR INNOVATIVE SMES

        Signature(s)

        Amount
        € 500,000,000
        Countries
        Sector(s)
        France : € 500,000,000
        Credit lines : € 500,000,000
        Signature date(s)
        29/07/2024 : € 500,000,000

        Summary sheet

        Release date
        4 March 2024
        Status
        Reference
        Signed | 29/07/2024
        20230125
        Project name
        Promoter - financial intermediary
        BPIFRANCE LOAN FOR INNOVATIVE SMES
        BPIFRANCE
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 650 million
        not applicable
        Location
        Sector(s)
        Description
        Objectives

        The operation consists in a loan to French NPB Bpifrance to support projects carried out by small and medium sized enterprises (SMEs) investing into innovative technology.

        The aim is to enhance access to finance for the target beneficiaries.

        Additionality and Impact

        This operation is dedicated to supporting Bpifrance, the French National Promotional Bank for private sector development, in providing access to finance to French SMEs with a specific focus on innovative SMEs and SMEs investing in innovative technology. Bpifrance plays an important role in the French economic policy and is mandated to create an advantageous environment for SMEs and Very small enterprises (VSEs) mainly by providing financing as loans and equity participations. It assists businesses of all sizes, primarily micro-businesses, SMEs, and mid-caps, but also large caps that are considered strategic in terms of the national or regional economies, or for employment.At least 30% of the loan will be deployed in French transition regions.This EUR 500 m loan with a maturity of up to 11 years/3 years grace equivalent to 7years bullet will support Bpifrance in fulfilling its key business activity of investments loans and its mandate to support SMEs and VSEs with a specific focus on Innovation.



        Environmental aspects
        Procurement

        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.

        Milestone
        Under appraisal
        Approved
        Signed
        4 December 2023
        29 July 2024

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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