GEFA LOAN FOR SMES AND MIDCAPS IV

Promoter – Financial Intermediary

GEFA BANK GMBH

Location

• Germany

Description

Financing of small and medium scale projects undertaken by small and medium-sized enterprises (SMEs) and mid-caps in Germany and potentially in other EU Member States, with a Climate Action and Environmental Sustainability ("green") window.

Additionality and Impact

The proposed operation supports the financing of small and medium scale projects undertaken by SMEs and Mid-Caps in Germany and potentially in other EU Member States. As such, it falls under the scope of EU objectives through its contribution to job creation and to increased competitiveness and productivity of SMEs and Mid-Caps. Moreover, at least 30% of the resulting investments are intended for Climate Action & Environmental Sustainability, which will accelerate the green transition of the economy. Additional priorities of the operation include the EIB Cohesion Policy Objective for some 20% of investments. Building on the Intermediary's strong track record and long-standing experience, it is expected that EIB funds be utilised in an efficient and timely manner, thereby providing final beneficiaries with improved financing conditions.

Objectives

Financing of small/medium projects carried out by SMEs and mid-caps, with a Climate Action and Environmental Sustainability window.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 150 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