SELLA INNOVATION LOAN FOR SMES AND MIDCAPS

Promoteur – Intermédiaire Financier

BANCA SELLA HOLDING SPA,BANCA SELLA SPA

Lieu

• Italie

Description

The project consists of multi-beneficiary intermediated loan (MBIL) to finance eligible projects carried out by small and medium sized enterprises (SMEs) and Midcaps in Italy.

Additionality and Impact

This intermediated operation with Banca Sella eases financial constraints for SMEs and MidCaps in Italy and is also expected to support innovation (min. 30%) and companies which are located in cohesion regions in Italy (min. 20%). The operation addresses the failure in financial markets for SMEs and MidCaps arising from limited access and/or high cost of financing charged by creditors as a result of information asymmetries, lack of collateral and imperfect screening and monitoring which is even stronger for innovative companies. The operation is expected to contribute to financing of smaller innovative companies in Italy which generate significant positive externalities through the creation of innovative processes, products or services, in alignment with the national plan "Transizione 4.0". Through EIB intervention, Banca Sella will benefit from more favourable financing conditions (e.g. lower pricing, longer maturity, grace period, etc) and from enhanced diversification of funding base.

Objectifs

The aim is to enhance access to finance to the target beneficiaries and support eligible investments in innovation (at least 30%) and those located in cohesion regions (20%).

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 - 4/07/2024