UniCredit and the EIB: € 400 million for innovative SMEs in Italy

UniCredit and the European Investment Bank (EIB) renew their commitment to guaranteeing new resources to support the real economy, with a fo...

ROME (ITALY), Monday, January 27, 2020 (MERCURPRESS.COM) - UniCredit and the European Investment Bank (EIB) renew their commitment to guaranteeing new resources to support the real economy, with a focus on innovation and the digital transformation of Italian small and medium-sized enterprises (SMEs).

The agreement just signed provides for € 200 million in resources made available by the EIB and UniCredit's commitment to provide Italian companies with own resources for the same amount, thus increasing the total available financing up to € 400 million.

The loans will apply to both new and ongoing projects, provided that they have not yet been completed and not already financed, with a maximum duration of 12 years. The interventions are intended for companies active in all production sectors: agriculture, crafts, industry, commerce, tourism and services; pure financial and / or real estate investment projects are excluded.

The 200 million EIB credit line regards projects of small and medium-sized enterprises located all over Italy, with particular focus on innovative companies or those that implement innovative processes and / or products.
EIB funds can be used to finance projects that have an individual maximum cost of 25 million euros and can cover 100% of the funding for an amount not exceeding 12.5 million euros for each project.

The new EIB line follows other agreements recently signed and dedicated to MidCap companies (up to 3 thousand employees) and to Italian agricultural companies, with a particular focus on young farmers.
In the last five years, the EIB resources that UniCredit has allocated to companies in Italy amount to around five billion, with more than 4,000 projects funded.

UniCredit is supporting companies that focus on innovation as a development element with other tools too, such as Beni Strumentali - Nuova Sabatini which has allowed the bank to allocate over 150 million in 2019 to companies that have purchased capital goods for entrepreneurial activity.

In addition, UniCredit in 2019 granted over 3 billion euros in loans backed by the public guarantee of the Guarantee Fund for Small and Medium-sized Enterprises, supporting nearly 20 thousand companies and confirming itself as one of the major players in the use of this Fund.

A positive trend that replicates the results of previous years, confirming UniCredit's commitment to supporting the economic system also with innovative instruments, such as portfolio guarantees or "Bond Italia" tranched covers. Particular attention is also paid to companies in the South to encourage the growth of this area.

UniCredit is in fact the first Italian bank to have launched the "SME INITIATIVE - Bond del Mezzogiorno", a credit support measure for small and medium-sized enterprises located in Basilicata, Calabria, Campania, Puglia, Sicily, Abruzzo, Molise and Sardinia, strengthened by the presence of the State guarantee.

The initiative, carried out by the Ministry of Economic Development together with the European Investment Bank (EIB), the European Investment Fund (EIF) and the European Commission, consists of a portfolio of 300 million Euros for loans intended for companies in the Noon at discounted rates and with particularly short delivery times.

In the same territory, UniCredit is also active with other facilitation tools, aimed at supporting the emergence of new business activities, such as Resto al Sud, which records a steady increase in applications submitted. The facility consists of a 35% non-refundable contribution and the remaining 65% in a loan granted by the bank. The measure, now also extended to freelancers, is aimed at those under 46 who want to create new business realities in Abruzzo, Basilicata, Calabria, Campania, Molise, Puglia, Sardinia and Sicily.


Name

Business,43,Careers,4,cutpress,3,Events,15,Media,11,News,6,opinionmakers,4,Pressreleases,14,Startups,4,
ltr
item
Mercurpress International: UniCredit and the EIB: € 400 million for innovative SMEs in Italy
UniCredit and the EIB: € 400 million for innovative SMEs in Italy
https://1.bp.blogspot.com/--g9FtmJ6OZw/Xi7GxYKTiPI/AAAAAAAAEnI/bymp8fpmKQgsI5VYy-kdT2c0YjZW31a8gCLcBGAsYHQ/s1600/Bei-600x400.jpg
https://1.bp.blogspot.com/--g9FtmJ6OZw/Xi7GxYKTiPI/AAAAAAAAEnI/bymp8fpmKQgsI5VYy-kdT2c0YjZW31a8gCLcBGAsYHQ/s72-c/Bei-600x400.jpg
Mercurpress International
https://www.mercurpress.com/2020/01/unicredit-and-eib-400-million-for.html
https://www.mercurpress.com/
https://www.mercurpress.com/
https://www.mercurpress.com/2020/01/unicredit-and-eib-400-million-for.html
true
43937546337589844
UTF-8
Loaded All News Not found any news VIEW ALL Read more Reply Cancel reply Delete By Home PAGES NEWS View All RECOMMENDED FOR YOU TOPIC ARCHIVE SEARCH ALL NEWS Not found any news matching with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy