February 19, 2021

The SME Initiative Italy


Main purpose: SMEI is a public-private partnership acting as catalyst for private investments and supporting economic growth and job creation in southern Italy (the so called “Mezzogiorno”) which includes 8 Regions: Abruzzo, Basilicata, Calabria, Campania, Molise, Puglia, Sardinia and Sicily.

EIF intends to select eligible financial institutions to become Financial Intermediaries under the SME Initiative Securitisation Instrument/

EIF will enter into securitisation transactions of existing portfolios of debt finance to SMEs and Small Mid-Caps. The selected financial intermediaries shall in turn undertake to provide new lending to SMEs located in the Mezzogiorno area.

Programme: The SME Initiative

Institution: EIF

Deadline: 31/12/2021

Budget: The Facility contemplates the combination of different resources, blending European Structural and Investment Funds (“ESIF”), national resources and EU budget under the Programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (“COSME”) with the guaranteeing, risk taking and lending capacity of the EIB Group. A potential participation of third-party investors and/or third-party guarantors at each SMEI Transaction level is also contemplated under the Facility on a case by case basis.

Financing type: Guarantee

Who is eligible: This Call is addressed and restricted to public or private credit or financial institutions, in each case, duly authorised to carry out lending or leasing activities according to the applicable legislation, private guarantee schemes, guarantee institutions or other credit or financial institutions duly authorized to issue guarantees according to the applicable legislation, which shall be an all cases established and operating in the Republic of Italy.

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