ANNOUNCEMENT 02 Mar 2016

On 02 March 2016, the EIB provided financing worth EUR 500 million (USD 555 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 02 Mar 2016 | Removal date: open ended

State loan

On 02 March 2016, the European Investment Bank (EIB) and Banco Santander SA signed an agreement worth EUR 500 million (approx. USD 555 million) for the project Santander Loan for SMEs and Other Priorities from Spain.

According to the project description issued by the EIB, Dedicated EIB loan for SMEs and Mid-Caps to finance small and medium-sized projects, mainly in Spain but also in other EU countries. The loan complements with funding a 50% guarantee to be granted from joint EU Structural Funds/EIB/EIF resources under the SME Initiative (SMEI). Part of the loan will support innovative SMEs co-financed by Horizon 2020 funds under SMEI. Up to EUR 50m will support eligible small investments in the health sector promoted primarily by self-employed health sector prac.

The objective of the project is defined as following: Part of the loan will support innovative SMEs co-financed by Horizon 2020 funds under SMEI. Up to EUR 50m will support eligible small investments in the health sector promoted primarily by self-employed health sector practitioners and SMEs, private health institutions, and pharmacies..

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.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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