Release date: 22 March 2022
Promoter – Financial Intermediary
DE LAGE LANDEN FINANS AB,DE LAGE LANDEN INTERNATIONAL BVLocation
Description
Leasing support to small and medium-sized investments promoted by small and medium-sized enterprises (SMEs) and mid-caps primarily in Sweden, Denmark and Finland.
Additionality and Impact
The Project concerns the financing of small-scale eligible projects carried out by SMEs and Mid-Caps as part of DLL's leasing of equipment contributing towards sustainability in Sweden, Denmark and Finland.
The Project has excellent policy contribution and results scoring, as it is based on the support in access to finance to SMEs and Mid-Caps with a strong focus on financing Climate Action investments, a key strategic area for the EIB and EU. In addition, the Project addresses carbon and air pollution externalities.
The Intermediary is well-placed to deploy the Project based on its vast experience with EIB's intermediated loan facilities, as well as its strong expertize and internal
capacity designed to deploy significant volumes of Climate Action targeted financing, in line with the strategy set up at Group level. Through this facility, financial support will be provided contributing to the improvement of the financial conditions towards SMEs & Mid-Caps investments and providing a positive signal towards such sustainability investments.
EIB's contribution is further strengthened through its non-financial support in the form of technical advice regarding the Climate Action & Environmental Sustainability (CA&ES) taxonomy.
Objectives
Financing of small/medium projects carried out by SMEs and mid-caps.
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).