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EIF-Banca Etica: €200 million for social enterprises and microenterprises in Italy and Spain

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20 December 2024

EIF-Banca Etica: €200 million for social enterprises and microenterprises in Italy and Spain

Financing the ecosystem

Aerospace and defence

Agri-food

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November 27, 2024 - The European Investment Fund announces an agreement with Banca Etica supported by InvestEU, the European Union’s investment programme. 

The initiative will help support investments worth over €200 million in the economy by providing favourable loans to an estimated 1000 social enterprises, microenterprises, SMEs and small mid-caps.

According to the EIF, “this will include projects that support highly socially oriented investments, while also promoting environmental sustainability and cultural, creative and training initiatives.” 

For more information, see EIF-guaranteed loans

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Authors

Editorial team: Euricse

Topics
Geographical descriptors

Italy

Spain

Organisation Type

Business Support Organization

Financial Institutions and Investors

Industry Associations and Chambers of Commerce

Media/Travel Journalist Organisations

SMEs (a company with less than 250 employees)

Social Economy Entity

  • Thematic area

    • Financing the ecosystem

  • Interlinkages with other sectors

    • Aerospace and defence

    • Agri-food

    • Construction

    • Cultural and creative industries

    • Digital

    • Electronics

    • Energy intensive industries

    • Energy-renewables

    • Health

    • Mobility, transport, automotive

    • Proximity and social economy

    • Retail

    • Textile

    • Tourism

  • Action areas and keywords

    • Access to Finance

    • Social Finance

    • Sustainable Finance

  • Ecosystem focus

    • Proximity economy

    • Social economy

  • Scope of activity

    • National

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European Investment Fund
The European Investment Fund is a key EU economic policy instrument and part of the EIB Group, providing risk finance for SMEs across Europe.
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