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Financing of small-scale projects in the fields of industry and commerce, promoted mainly by SMEs.
The credit line would contribute to the development of longer-term financing offered by the intermediary to SMEs. The proposed operation is, in essence, based on asset-backed-security models, combining EIB-funding advantages with capital and balance sheet relief for the intermediary and thus leading to improved terms for the final beneficiaries.
The financial intermediary will be requested to ensure compliance of the sub-projects with EU Directives, as appropriate.
The financial intermediary will be requested to ensure compliance of the sub-projects with EU Directives, in particular for the award of public sector contracts, as appropriate.