Release date: 11 January 2018
Promoter – Financial Intermediary
ACCEPTABLE CORPORATE(S)Location
Description
Programme loan to finance investments of eligible mid-caps and, to a lesser extent, small and medium-sized enterprises (SMEs) with high financing needs. The programme will focus on innovative and high value-added projects mainly in Italy. Potentially up to 30% of the programme loan could finance eligible projects in Slovenia, Croatia, Malta as well as other EU countries.
Objectives
The programme loan aims at accelerating and further mobilising private sector investments, enhancing the competitiveness and sustainability of mid-caps and SMEs investment plans in the future. It is also expected to contribute to social development, especially in cohesion areas, supporting the creation of new jobs.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 800 million
Environmental aspects
The projects to be financed under this programme loan will most likely concern investments expected to be carried out in existing facilities already authorised and would therefore not require an Environmental Impact Assessment (EIA) as defined in the Directive 2014/52/EU amending the EIA Directive 2011/92/EU2011/92/EU. However, for each sub-operation, the Bank's services will review during the project appraisal whether any of the concerned projects could fall under the EIA Directive, as well as any other environmental details of the project.
Procurement
The promoters will be private companies not operating in the Utilities sector and not having the status of contracting authority. Thus they are not covered by EU directives on procurement.
Status
Approved - 15/03/2018
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).