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Signature(s)

Amount
€ 500,000,000
Countries
Sector(s)
France : € 500,000,000
Credit lines : € 500,000,000
Signature date(s)
29/07/2024 : € 500,000,000
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Summary sheet

Release date
4 March 2024
Status
Reference
Signed | 29/07/2024
20230125
Project name
Promoter - financial intermediary
BPIFRANCE LOAN FOR INNOVATIVE SMES
BPIFRANCE
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 500 million
not applicable
Location
Sector(s)
Description
Objectives

The operation consists in a loan to French NPB Bpifrance to support projects carried out by small and medium sized enterprises (SMEs) investing into innovative technology.

The aim is to enhance access to finance for the target beneficiaries.

Additionality and Impact

This operation is dedicated to supporting Bpifrance, the French National Promotional Bank for private sector development, in providing access to finance to French SMEs with a specific focus on innovative SMEs and SMEs investing in innovative technology. Bpifrance plays an important role in the French economic policy and is mandated to create an advantageous environment for SMEs and Very small enterprises (VSEs) mainly by providing financing as loans and equity participations. It assists businesses of all sizes, primarily micro-businesses, SMEs, and mid-caps, but also large caps that are considered strategic in terms of the national or regional economies, or for employment.At least 30% of the loan will be deployed in French transition regions.This EUR 500 m loan with a maturity of up to 11 years/3 years grace equivalent to 7years bullet will support Bpifrance in fulfilling its key business activity of investments loans and its mandate to support SMEs and VSEs with a specific focus on Innovation.



Environmental aspects
Procurement

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

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

Milestone
Under appraisal
Approved
Signed
4 December 2023
29 July 2024
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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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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