European Investment Bank (EIB) Funding
What is it?
The EIB is strengthening its support for Europe’s small and medium‐sized enterprises by providing this sector with access to finance through new and lower cost lines of credit.
This finance is typically available through the Banking sector and is aimed specifically at UK businesses across a range of sectors. The loan term is for a minimum of 2 years and is subject to a maximum single loan value of £12.5m.
In terms of other qualifying criteria, the loans are targeted at businesses with less than 250 employees. The loan must also be investment related and cannot be used for working capital or debt refinancing purposes.
What are the benefits?
- Eligibility is very simple to establish
- Financing rates are typically discounted under the EIB scheme, leading to reducing costs.
Where can I find out more?
Further details can found on the EIB website (www.eib.org) or by contacting your corporate bank.
Download the factsheet in PDF format - here.