FLEET RENEWAL COVID-19 SMES & MIDCAPS SAN & SCF

Promoteur – Intermédiaire Financier

BANCO SANTANDER SA,SANTANDER CONSUMER FINANCE SA

Lieu

• Espagne

Description

EIB loan to finance investments in fleet acquisition and renewal, including commercial fleet for land transport and agricultural machinery. This Multi-Beneficiary Intermediated Loan (MBIL) is a sub-operation under the Programme Loan FLEET RENEWAL PROGRAMME FOR SMES & MIDCAPS SPAIN (2018-0456).

Additionality and Impact

The main purpose of this operation is to facilitate favorable financial support to Spanish SMEs and Midcaps which may have been impacted by the Covid-19 pandemic. Both Santander and SCF have a good track-record in implementing EIB funds to support the development of sound sub-investment projects in the fleet renewal / acquisition sector for SMEs & Mid-Caps. EIB contribution takes the form of financial benefit (especially for ABS product), longer maturity and customised terms. The availability of EIB intermediated funding will continue to provide a signalling effect to the banking system with regards to investments in the fleet renewal/acquisition sector at advantageous terms.

By extending favorable lines to SMEs and Mid-Caps via an established intermediary, the EIB can play a counter-cyclical role, preserve employment and positively contribute to the recovery of not only the beneficiaries but also the Spanish economy.

Objectifs

The aim is to enhance access to finance small/medium projects carried out by small and medium-sized enterprises.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Montant BEI envisagé (montant approximatif)

EUR 100 million

Coût total (montant approximatif)

not applicable

Aspects environnementaux

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

Passation des marchés

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

Statut

Signé - 25/06/2021