Release date: 25 May 2021
Promoter – Financial Intermediary
DE LAGE LANDEN INTERNATIONAL BV,DE LAGE LANDEN LEASING,DE LAGE LANDEN VENDORLEASE BVLocation
Description
Financing of small scale projects carried out by small and medium-sized enterprises (SMEs) and mid-caps as part of DLL's circular economy programme.
Additionality and Impact
The project supports the financing of small scale
projects carried out by SMEs and Mid-Caps in the Netherlands and Belgium with high
relevance in terms of Circular Economy ("CE") under De Lage Landen CE programme. The project has a very good policy contribution as
it addresses access to finance for SMEs and Mid-Caps with focus on CE and Climate
Action & Environmental Sustainability. The operation is a step in the
implementation of the CE concept via financial intermediaries, targeting a
specific, challenging sub-segment of SME lending. The project quality and
results scoring is very good driven by the capacity and soundness of the
intermediary, the project's improving access to finance and financing
conditions for final beneficiaries. The implementation capacity of the
intermediary is considered excellent as demonstrated by its track record on previous
facilities and the soundness of the intermediary within its operating
environment. The improved financing conditions are directed to a specific
segment of final beneficiaries, specifically targeting investment project
contributing to circular economy. The EIB contribution is considered good based
on ongoing engagement between EIB and the intermediary notwithstanding the
limitations of the current interest rate environment's room to offer financial
benefit. EIB's
support helps the mainstreaming of financial
solutions that are driving change towards the circular economy by facilitating
the leasing of second and third life equipment, closing the supply chain loop
through refurbishment/remanufacturing services.
Objectives
Financing of small/medium projects carried out by small and medium-sized enterprises.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 125 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 - 12/11/2021
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).