Investment & Fund Management
The European Investment
Full Credential Description
The European Investment Fund (EIF) has committed up to 30 million to a new initiative called Swedish Impact Lending 1, which aims to mobilize green financing for small and medium-sized enterprises (SMEs) in Sweden. This initiative is particularly significant as it represents the country's first impact lending fund, targeting a total commitment of at least SEK 800 million. The fund is designed to provide loans to Swedish SMEs that are seeking to reduce their environmental footprint and transition to more sustainable operations.
The tailored solution offered by the EIF addresses the specific challenge faced by Swedish SMEs: access to credit has diminished due to a tightened credit appetite from traditional banks. By providing an alternative debt finance option through non-bank lenders, Swedish Impact Lending 1 aims to support businesses investing in sustainability-driven models, green technologies, and compliance with the European Unions Corporate Sustainability Reporting Directive (CSRD). This initiative is backed by the InvestEU programme, which underscores the EIF's commitment to sustainable economic growth.
The expected outcomes of this initiative are substantial. By facilitating access to sustainable financing, the fund aims to enhance the competitiveness of Swedish SMEs in the green transition, enabling them to adapt to new regulatory requirements while unlocking new opportunities in the sustainable economy. The fund is anticipated to commence operations in the third quarter of 2025, with the EIF's backing strengthening its market position and promoting growth and innovation in the sustainable transition.