| Project Detail |
The EIB guarantee will enable the intermediary to finance projects carried out by small and medium enterprises (SMEs) and Mid-Caps in Belgium. Objectives The aim is to enhance access to finance to SMEs and Mid-Caps in Belgium, notably in Cohesion regions, with 20% focus on Climate Action & Environmental Sustainability (CA&ES), more specifically projects in renewable Energy, Energy Efficiency and, to a lesser extent, clean transportation and sustainable waste and water management. The operation is a further step in implementing CA&ES through financial intermediaries, targeting a specific sub-segment of SME/Mid-Cap lending. The financially sound financial intermediary is well placed to implement such a project. The facility will contribute to maintain employment as it is expected to support a large number of smaller loans to SMEs and Mid-Caps. EIBs cooperation and engagement with the financial intermediaries aids in facilitating the transition to greener financing. Sector(s) Credit lines - Credit lines Proposed EIB finance (Approximate amount) EUR 110 million Total cost (Approximate amount) EUR 616 million |
