The European Investment Bank (EIB) has signed a €100m loan with Caixa Economica Montepio Geral for the financing of capital investment projects promoted essentially by small and medium sized enterprises (SMEs) in Portugal.
The facility will mainly finance smaller projects in the areas of industry, tourism and services, including research and innovation, renewable energy and environmental protection.
It may also be used for infrastructure projects promoted by municipalities.
The loan is aimed at strengthening the productivity and competitiveness of SMEs, as well as reducing the impact of the current economic crisis in these enterprises across the country.
A special focus will be on projects realized in Convergence areas of Portugal.
This latest loan is a continuation of a cooperation between the two institutions, which builds upon a previous €100m loan approved in 2008 and also supporting SMEs investments in the country.