Release date: 19 January 2023
Promoter – Financial Intermediary
COOPERATIEVE RABOBANK UALocation
Description
The project consists in a guarantee instrument to support new lending to small and medium sized enterprises (SMEs) in the Netherlands.
Additionality and Impact
The project will support Access to Finance to SMEs in The Netherlands by creating lending capacity for the financial intermediary and make an interest rate reduction possible for those SMEs. The project is part of the deployment of the European Guarantee Fund, which targets supporting Access to Finance for SMEs. The financially sound financial intermediary is well placed and has a strong and positive track record of implementing SME supporting programmes of EIB. The project is expected to offer a strong contribution to maintaining employment as it is expected to support a large number of smaller SMEs. The EIB involvement, using the European Guarantee Fund mandate, has a positive contribution towards the project.
Objectives
The aim is to enhance access to finance to for SMEs.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 74 million
Total cost (Approximate amount)
EUR 624 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 30/06/2022