ANNOUNCEMENT 23 Sep 2016

In September 2016, the European Investment Bank (EIB) approved a financing programme to accelerate investments and strengthen the competitiveness of French mid-cap companies.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Project summary, MIDCAP PROGRAMME LOAN FRANCE: https://www.eib.org/en/projects/pipelines/pipeline/20160553

Inception date: 23 Sep 2016 | Removal date: open ended

State loan

On 23 September 2016, the European Investment Bank (EIB) approved financing programme for French mid-cap companies. The programme has a total value of EUR 150 million (approx. USD 168.3 million). Under the programme, the EIB will, through acceptable banks, provide favourable loans to French mid-cap companies with a special focus on innovative companies. A number of loans have been signed under the programme, see related state acts.

In general, the EIB has made financing of SMEs and mid-cap companies a top priority. In this context, they stated: "In 2017 alone, the EIB Group financed SMEs and mid-caps across the globe to the tune of a record EUR 29.6 billion (EIB Group)."

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

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