EIB And Valencia Regional Government Sign €470M Loan To Finance Green, Social And Digital Projects
Business
Through the EIB loan and co-financing from the Valencia regional government, support will be provided for projects included in the 2021-2027 operational programmes of EU cohesion policy funds, particularly the European Regional Development Fund (ERDF) and European Social Fund Plus (ESF+).
The loan will co-finance projects in areas such as education and training, research, development and innovation, support for small and medium-sized enterprises (SMEs) and mid-caps in the region, sustainable transport, and energy-efficient public buildings.
In this way, the EIB framework loan will support the region's dual green and digital transitions, business competitiveness and sustainable urban development.
The agreement highlights the EIB Group’s commitment to economic, social and territorial cohesion, one of the Group’s priorities and cross-cutting objective.
All the projects will take place within the Valencia region, which the European Union considers to be a transition region as its gross domestic product per capita is between 75% and 100% of the EU average.