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Loan dedicated to the financing of small and medium-scale projects in eligible sectors to be carried out by small and medium-sized enterprises (SMEs) and mid-caps in Turkey.
Improving access to term finance at favourable conditions, the operation will support Turkey's strategy for enhancing economic growth and employment through the financing of small and medium-scale productive investments in eligible sectors. Projects will be carried out by SMEs and mid-caps, in line with the conditions for the implementation of the EIB Loan for SMEs and Mid-Caps in Candidate and Potential Candidate Countries.
The financial intermediary will ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with national environmental law and the applicable principles of EU law.
The financial intermediary will be required to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with the EIB Guide to Procurement and national procurement legislation.