Release date: 23 February 2023
Promoter – Financial Intermediary
BANQUE FEDERATIVE DU CREDIT MUTUELLocation
Description
The operation aims to facilitate longer-term financing for small and medium sized enterprises (SMEs) and Midcaps active in agriculture/bioeconomy sector in France. At least 30% of funding will be dedicated to young farmers (below 41 years old) while a 60% will be dedicated to climate action projects.
Objectives
Financing of small/medium projects carried out by small and mediumsized enterprises (SMEs) and mid-caps in the agriculture and bio-economy sector mainly in France with at least a 60% contribution to climate action.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 100 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 - 18/11/2022
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).