Date de publication: 4 août 2022
Promoteur – Intermédiaire Financier
INTESA SANPAOLO SPALieu
Description
EUR 100 million facility backed by multiple assignment of rights to allow Intesa Sanpaolo to continue lending to small and medium-sized enterprises (SMEs) and mid-caps in the agricultural and bioeconomy sector, with a 10% Climate Action window.
Additionality and Impact
The loan is expected to support EU policy objectives, such as modernisation in the agriculture sector, energy efficiency and rural development. It also supports the New CAP 2023-2027 that combines higher environmental, climate and animal welfare ambitions with a fairer distribution of payments. The project will ease constraints on access to finance faced by Italian SMEs in the agricultural and bioeconomy sectors. The beneficiaries face deep market failures related to lack of track-record, insufficient farm net asset value to collateralize and high screening costs for small investments. With this in mind, the project will enable SMEs to benefit from financing with tenors that match the economic life of the investment undertaken, as well as from transfer of financial advantage and complementarity that prompts the intermediary to match the EIB contribution. Furthermore, it will mobilize private sector investment, contributing to the sustainability of both sectors. Overall, the project can generate positive externalities in terms of competitiveness in a key sector for Italy and the EU and in terms of climate change mitigation via investments in emissions reduction. It can also help strengthen EU socio-economic cohesion. This operation supports the agriculture/bioeconomy sector in general.
Objectifs
EUR 100 miilion facility backed by multiple assignment of rights to allow Intesa Sanpaolo to continue lending to SMEs and mid-caps in the agricultural and bioeconomy sector.
Secteur(s)
- Lignes de crédit - Lignes de crédit
Montant BEI envisagé (montant approximatif)
EUR 100 million
Coût total (montant approximatif)
not applicable
Aspects environnementaux
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Passation des marchés
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Statut
Signé - 8/08/2022
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).