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The project consists of a framework loan to finance innovation and other eligible investments promoted by small and medium-sized companies under private equity ownership.
This project will foster innovation, integrated territorial development as well as economic and social cohesion.
The Bank will require final beneficiaries and/or the intermediary institution to take all the requisite measures to ensure that environmental procedures carried out by the final beneficiaries for all projects that the Bank finances will comply with the relevant EU and the applicable national environmental legislation.
The final beneficiaries have been assessed as being private companies not subject to EU rules on public procurement or concessions. However, if the EIB were to conclude that the final beneficiaries are after all subject to EU public procurement legislation (Directive 2014/24/EU, Directive 2014/25/EU or Directive 2014/23/EU, where applicable), then the Bank/intermediary would require the final beneficiaries to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/24/EU, Directive 2014/25/EU or Directive 2014/23/EU, where applicable as well as Directive 92/13/EEC or Directive 89/665/EEC), as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.