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INNOVATIVE SME FINANCING - P2P PILOT FACILITY

Signature(s)

Amount
€ 126,529,424.42
Countries
Sector(s)
United Kingdom : € 126,529,424.42
Credit lines : € 126,529,424.42
Signature date(s)
16/06/2016 : € 126,529,424.42
Link to source
Data sheet
INNOVATIVE SME FINANCING - P2P PILOT FACILITY
Other links
Summary sheet
INNOVATIVE SME FINANCING - P2P PILOT FACILITY

Summary sheet

Release date
28 September 2015
Status
Reference
Signed | 16/06/2016
20140307
Project name
Promoter - financial intermediary
INNOVATIVE SME FINANCING - P2P PILOT FACILITY
Funding Circle Limited
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 136 million (GBP 100 million)
Not applicable.
Location
Sector(s)
Description
Objectives

A pilot project to provide financing to small and medium-sized enterprises (SMEs) in the United Kingdom via an online peer-to-peer lending platform

Financing of projects carried out by small and medium-sized enterprises

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.

Link to source
Summary sheet
INNOVATIVE SME FINANCING - P2P PILOT FACILITY
Other links
Data sheet
INNOVATIVE SME FINANCING - P2P PILOT FACILITY

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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