Release date: 15 January 2016
Promoter – Financial Intermediary
BANCO SANTANDER SA, BANCO SANTANDER SALocation
Description
Dedicated EIB loan for small and medium-sized enterprises (SMEs) and Mid-caps to finance small and medium-sized projects, mainly in Spain but also in other EU countries. The loan complements with funding a 50% guarantee to be granted from joint EU Structural Funds, EIB and EIF resources under the SME Initiative (SMEI).
Objectives
Part of the loan will support innovative SMEs co-financed by Horizon 2020 funds under SMEI. Up to EUR 50m will support eligible small investments in the health sector promoted primarily by self-employed health sector practitioners and SMEs, private health institutions, and pharmacies.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, where applicable.
Status
Signed - 3/03/2016