Release date: 29 October 2019
Promoter – Financial Intermediary
INSTITUTO PARA LA COMPETITIVIDAD EMPRESARIAL DE CASTILLA Y LEONLocation
Description
The project is a dedicated loan for financing small and medium sized projects carried out by SMEs and mid-caps companies mainly located in the region of Castilla y León (Spain), with a focus on the support of job creation, human capital retention and on the promotion of regional policies on circular economy.
Objectives
The operation seeks to facilitate investments of SMEs and mid-Caps that will contribute to job creation in a region that was severely affected by the economic crisis in recent years. An indicative 50% of the loan will be used to finance SMEs in various sectors (mainly manufacturing and trade).
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 120 million
Total cost (Approximate amount)
not applicable
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 - 20/12/2019
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).