Release date: 13 June 2025
Promoter – Financial Intermediary
ADE CAPITAL SODICAL SCR,INSTITUTO PARA LA COMPETITIVIDAD EMPRESARIAL DE CASTILLA Y LEONLocation
Description
The operation will finance projects carried out by small and medium sized enterprises (SMEs) and mid-caps mainly located in the Spanish region of Castilla y León.
Objectives
The aim is to facilitate investments for the final beneficiaries and contribute to job creation and human capital retention in a Transition Region. An indicative 50% of the loan will be used to finance SMEs in various sectors. The loan includes a window for green investments, contributing to EIB's climate action and environmental sustainability.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary is required to have adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Under appraisal - 15/04/2025