Release date: 23 July 2021
Promoter – Financial Intermediary
BANCA IFIS SPALocation
Description
Dedicated EIB loan to finance eligible investments by small and medium-sized enterprises (SMEs). Up to 60% of the operation will be dedicated to innovation.
Additionality and Impact
The project supports the financing of small-scale investments carried out by SMEs in Italy. Up to 60% of the facility will be dedicated to SMEs making small-scale investments contributing towards R&D and to innovative SMEs in the framework of the Industria 4.0 National Plan launched by the Italian government to foster the competitiveness of Italian SMEs.
The project addresses market failures related to SMEs access to finance and technological development and innovation. The market failures deter these companies from obtaining cost-effective, long-term funding. By offering financing to SMEs in Cohesion regions, it helps the companies to remain and grow there.
The EIB involvement is expected to generate positive effects, mainly in terms of availability of long term loans to SMEs and/or overall financing costs, which will be particularly appreciated by SMEs beneficiaries.
The additional lending capacity provided through the EIB's intervention will generate positive effects on investments from the availability of long term financing and of overall lower financing costs.
Objectives
The loan will specifically be dedicated to SMEs making small-scale research and development (R&D) investments or projects promoted by innovative SMEs (as per "Industria 4.0 National Plan").
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 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 - 9/12/2021
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).