DESIO INNOVATION LOAN FOR SMES AND MIDCAPS

Promoteur – Intermédiaire Financier

BANCO DI DESIO E DELLA BRIANZA SPA

Lieu

• Italie

Description

The loan will finance eligible investments made by small and medium-sized enterprises (at least 70%) and mid-caps (up to 30%) in Italy.

Additionality and Impact

This intermediated operation with Banco Desio eases financial constraints for SMEs and MidCaps in Italy and is also expected to support innovation (min. 30%) 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. Through advantageous terms such as longer tenor and flexible drawdowns, the EIB contribution to the project is very good.

Objectifs

The aim is to finance small/medium projects carried out by the final beneficiaries. Up to 30% of the operation will be dedicated to innovation.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Montant BEI envisagé (montant approximatif)

EUR 200 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 - 18/12/2024