CSAS LOAN FOR SMES AND MIDCAPS

Projektträger – zwischengeschaltetes Finanzinstitut

CESKA SPORITELNA AS

Ort

• Tschechien

Beschreibung

The loan will finance projects promoted by small and medium sized enterprises (SMEs) and Midcaps in the Czech Republic. A part of the total financing will focus on Climate Action and Environmental Sustainability.

Additionality and Impact

The operation predominantly addresses access to finance constraints, primarily due to asymmetric information and high screening costs for small investments in mostly cohesion areas (80%) of Czech Republic. The goal of the operation is also to increase the intermediary's capacity to identify and monitor Climate Action allocations, which are currently expected to reach a minimum of 20%.

Furthermore, the finance unlocked by the EIB benefits cohesion areas (80%, split half-half in between Less Developed regions and Transition regions) and thus helps reduce regional disparities as per the EU's cohesion policy.

Implementation is handled by an intermediary that has in-depth experience with implementing EIB products through a network of branches in the targeted regions. The contribution to climate action of 20% is significant and aligned with the EIB's Climate Action Strategy. The operation likewise sustains employment in the targeted areas.

The EIB contribution to the success of the intermediary rests on longer maturity, technical assistance focused on Climate Action allocations and signalling effect that may help crowd in additional financing. 

Ziele

The aim is to enhance access to finance for SMEs and Midcaps. Public sector entities can also be eligible as final beneficiaries.

Sektor(en)

• Durchleitungsdarlehen - Durchleitungsdarlehen

Vorgeschlagene EIB-Finanzierung (voraussichtlicher Betrag)

EUR 300 million

Gesamtkosten (voraussichtlicher Betrag)

not applicable

Umweltaspekte

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

Auftragsvergabe

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

Projektstatus

Unterzeichnet - 12/07/2023