EIB lends €500m to Lazio Region for SMEs, mid-caps, infrastructure, environmentChristian Fernsby ▼ | September 12, 2020
Loans totalling €200m will also be made available to around 400 SMEs and mid-caps in partnership with UniCredit, BCC Roma and Banca Popolare di Sondrio.
Lazio EIB Italy
Topics: EIB Lazio Region
This is the goal of the agreements already signed or still being finalised that were announced today by Dario Scannapieco, Vice-President of the European Investment Bank (EIB), and Nicola Zingaretti, President of the Lazio Region, and which are also intended to support the post coronavirus recovery.
The first operation concerns the Framework Agreement for €300m worth of loans to the Region over the next four years, which has already been signed.
On the basis of the Agreement, projects aimed at combating climate change, preventing and mitigating risks from hydrogeological instability, improving, building and upgrading public urban and regional infrastructure, and protecting the environment will be eligible under the Regional Multiannual Programme.
Emergency measures to tackle the COVID-19 pandemic could also be financed in order to contribute significantly to the economic recovery.
The loans can have maturities of up to 25 years, with a five-year grace period.
In addition to financing operations, this cooperation will also enable the Region to benefit from the EIB’s free advisory services and technical assistance.
This advisory support is already being provided in the preliminary phase of projects for energy efficiency of public buildings and sustainable mobility.
A second operation, which is currently being finalised, is based on initial EIB financing to the Region for projects launched by SMEs (up to 250 employees) and mid-caps (250-3 000 employees) in all production sectors, again with a special focus on investment to tackle the consequences of the COVID-19 pandemic.
The credit line will be onlent to companies in the Lazio region active in all economic sectors via three intermediary banks selected by the Region following a public tender: UniCredit, BCC Roma and Banca Popolare di Sondrio.
The three banks will double the EIB’s €100m to a total of €200m, which will benefit an indicative number of 400 businesses based in the Region.
Loan maturities will be 12 years for private firms and 15 years for investments carried out by public-private companies, with a three-year grace period. ■