The European Investment Bank (EIB), Banca Popolare di Vicenza and SACE concluded the agreement for the disbursement of a €100 million credit line to support the international competitiveness of SMEs (up to 250 employees) and medium-large companies (between 250 and 3.000 employees) active in the sectors of industry, agriculture, tourism and services. This represents the first tranche of the overall ceiling of 200 million made available by the EIB to Banca Popolare di Vicenza which, thanks to the guarantee from SACE, can now be disbursed to companies to finance growth projects on foreign markets. At least 70% of the funding will be allocated to support investment programs in tangible and intangible assets as well as for the need for working capital linked to normal production activity. For the remainder, the funds will be dedicated to projects implemented or to be implemented by medium-sized companies.
The agreement confirms the effectiveness of the synergies activated between the three institutions in question in support of thereal economy, as the only engine of growth and employment. It goes to increase the support intended for the growth of PMI, undoubtedly the most important productive resource for our country, strengthening its investment capacity.
