SGEF ITALY LOAN FOR SMES AND CLIMATE ACTION

Promoter – Financial Intermediary

FRAER LEASING SPA,SG EQUIPMENT FINANCE ITALY SPA,SG LEASING SPA

Location

• Italy

Description

Dedicated EIB loan to finance eligible small and medium-sized enterprise (SME) and mid-cap investments via leasing schemes in Italy. At least 70% of the loan will be allocated to SME investments. At least 20% of the facility will be dedicated to climate action and environmental sustainability projects.

Additionality and Impact

The project supports the financing of small-scale investments carried out by SMEs and Midcaps in Italy. The project's policy impact is rated very good as it addresses market failures related to SMEs' constraints in accessing long term funding to finance their growth. Overall, the project is expected to have a positive impact on the economy also by promoting investments in the climate action and environmental sustainability sectors, particularly important following the energy crisis caused by the war in Ukraine. These projects are ultimately expected to generate positive externalities by providing environmental benefits and increasing the resilience to climate change, including through investments in Electric Vehicles, Agricultural equipment, Green economy and Photovoltaics.

Objectives

Dedicated EIB loan to finance eligible SME and mid-cap investments via leasing schemes in Italy. At least 70% of the loan will be allocated to SME investments. At least 20% of the facility will be dedicated to climate action and environmental sustainability projects.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 250 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 - 27/07/2022