Release date: 19 February 2019
Promoter – Financial Intermediary
INTESA SANPAOLO SPALocation
Description
The project consists of a framework loan financing Circular Economy projects carried out by SMEs and Midcaps in line with Intesa Sanpaolo's Circular Economy programme.
Objectives
The operation comprises a multi-scheme Framework Loan in Italy to co-finance projects that support the circular transition, e.g. by striving to preserve the value of products and materials as long as possible, and minimise resource use and waste generation. These projects, to be carried out in various sectors such as food, energy, mobility, fashion, built environment, consumer goods and industrial manufacturing, will also represent several circular business models, ranging from resource recovery to product-to-service and leasing/sharing models.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 250 million
Total cost (Approximate amount)
EUR 625 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 - 28/05/2019
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).