📋 Tender Overview
Reference: 20230118
Release date: 2 January 2025
Promoter – Financial Intermediary
BANCA CAMBIANO 1884 SPA,BANCA MONTE DEI PASCHI DI SIENA SPA,ICCREA BANCA SPA - CENTRAL INSTITUTE OF COOPERATIVE CREDIT
Location
Italy
Description
The operation supports the Regione Toscana measures in favour of local small and medium-sized enterprises (SMEs) and mid-caps targeting working capital needs and investments in digital transition, research and development, innovation, energy efficiency and renewable energy.
Additionality and Impact
The Operation eases financial constraints for SMEs and Midcaps in the Regione Toscana and is also expected to support green and innovative projects and companies. 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. The Operation is also expected to contribute to financing of smaller innovative companies, which generate significant positive externalities through the creation of innovative processes, products or services and through skills development in the Regione Toscana. A part of the Operation will be also dedicated to climate action & environmental sustainability, thus facilitating the green transition of the economy.
EIB funding will be blended with EU structural funds and will thus contribute to the regional development plan. Some companies will be located in the areas affected by recent flooding.
Objectives
Financing of small/medium projects carried out by small and medium-sized enterprises and mid-caps.
Sector(s)
Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 160 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 - 23/12/2024
