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PROGRAMME LOAN FOR INNOVATION & DIGITALISATION

Summary sheet

Release date
4 October 2017
Status
Reference
Approved | 14/11/2017
20170594
Project name
Promoter - financial intermediary
PROGRAMME LOAN FOR INNOVATION & DIGITALISATION
ACCEPTABLE BANK(S), ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
not applicable
Location
Sector(s)
Description
Objectives

Programme Loan to support the innovation & digitalisation of Spanish small and medium-sized enterprises (SMEs) and Mid-Caps. Sub-operations will be loans to acceptable financial institutions or any other qualifying counterparts (i.e. SPV for ABS) who will in turn finance innovative SMEs & Mid-Caps, including their digitalization investment expenditures.

The operation is expected to support the financing of mainly SMEs & Mid-Caps, in particular through facilitating the financing of their digitalization and innovation investments.

Environmental aspects
Procurement

The projects to be financed under this programme loan will most likely concern investments expected to be carried out in existing facilities already authorised and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. However, for each sub-operation the Bank's services will review during the project appraisal whether any of the concerned projects might fall under the EIA Directive, as well as any other environmental details of the project.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Related projects
Related sub-project
SANTANDER INNOVATION & DIGITALISATION OF SMES
Related sub-project
SABADELL SMES MIDCAPS & OTHER PRIORITIES
Link to source
Summary sheet
PROGRAMME LOAN FOR INNOVATION & DIGITALISATION

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.

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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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