The European Funding Financial institution (EIB) has signed a cope with Ringkjøbing Landbobank to offer eligible Danish small- and medium-sized enterprises (SMEs) a complete of $108.6 million (DKK 745 million) to assist their vitality transition and sustainability agenda.
Roughly 25 % of the quantity can be allotted to investments immediately related to the inexperienced transition in Denmark and the broader European Union. These investments embody initiatives centered on renewable vitality, enhancements in vitality effectivity, and sustainability tasks.
“We are able to present this assist by financing investments that take our clients to the subsequent degree within the inexperienced transition of their trade”, mentioned John Fisker, CEO of Ringkjøbing Landbobank. “We’re very happy with our partnership with the European Funding Financial institution over greater than 20 years. This mortgage program additional strengthens our financial institution’s market place and helps our clients’ competitiveness by financing new investments”.
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“A key precedence for the EIB Group is to ensure that companies have entry to the precise sort of financing”, added EIB Vice President Thomas Östros. “We’re notably desperate to assist investments within the areas of renewable vitality, sustainability, and vitality effectivity. The inexperienced transition comes with explicit financing challenges and we’re glad to be constructing on our partnership with Ringkjøbing Landbobank and supporting it in its inexperienced efforts”.
The target of this settlement is to facilitate companies’ entry to funding for investments that improve their productiveness and competitiveness, usually aiding of their transition in the direction of sustainability, the EIB mentioned.
The funding is primarily for SMEs, though bigger enterprises (mid-caps) can also qualify. Ringkjøbing Landbobank has the authority to find out the allocation of intermediated loans inside this framework.
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