The European Investment Bank (EIB) and Deutsche Leasing have launched the second tranche of their green project to support small businesses and mid-caps, with a total project cost of €560 million. The EIB has approved €200 million in financing, with €50 million already signed in February. This initiative aims to finance machinery and technologies that promote energy savings, low-carbon mobility, and other environmental solutions. Deutsche Leasing will use the EIB loan to support Small and midsize enterprises (SMEs) and mid-caps in Germany and Eastern Europe, focusing on climate investments. At least 30 per cent of the funds will be allocated to climate and environmental projects. The EIB's high credit rating allows it to raise funds on favourable terms, which will be passed on to SMEs and mid-caps, supporting long-term economic growth and job security. This operation is expected to benefit approximately 570 SMEs and 47,300 employees. EIB Vice President Nicola Beer emphasised the importance of supporting SMEs and mid-caps in their green and digital transitions, highlighting the role of innovative projects in fostering European competitiveness. Attribution: The European Investment Bank (EIB) Subediting: M. S. Salama
