The European Investment Bank (EIB) has signed a 100 million euro loan with Caixa Económica Montepio Geral for the financing of capital investment projects promoted essentially by small and medium sized enterprises (SMEs).
It will mainly finance smaller projects in industry, tourism and services, including research and innovation, renewable energy and environmental protection and may also be used for infrastructure projects promoted by municipalities. Most of these projects will be located in Convergence areas of Portugal.
This loan is a continuation of the successful cooperation between the EIB and Caixa Económica Montepio Geral building upon a previous loan approved in 2008 for 100 million euros, also supporting mainly SMEs investments in Portugal.
The EIB loans contribute to economic and social cohesion, environmental protection, research and innovation, support for SMEs, the development of trans-European transport and energy networks, and sustainable, competitive energy.
