EIB grants loan for climate change mitigation
The European Investment Bank (EIB) has granted a €200m loan to ICICI Bank of India for projects in the renewable energy sector supporting climate change mitigation. The main objective of this climate...
View ArticleHSH Nordbank and the EIB launch funds for SMEs
According to new reports the European Investment Bank and HSH Nordbank have signed an agreement to launch two loan funds worth £50m each targeted at SMEs and promoting renewable energy. This would...
View ArticleEIB sign SME loan with Danish bank Spar Nord
European Investment Bank (EIB) and Spar Nord, the seventh largest Danish financial institution entered into an agreement, the EIB will provide up to €40 m for onward lending to SMEs where the funds...
View ArticleEU launches €5bn bond to finance Portugal’s loan
The European Commission has launched a €5bn bond with ten years maturity. The operation took place under the European Financial Stabilisation Mechanism (EFSM). The funds raised will finance a further...
View ArticleEIB provides support for improvements to Polish road infrastructure
The European Investment Bank (EIB) has signed two loans totalling €300m in Poland: €180m to finance the reconstruction of roads damaged by the floods in Poland during May and June 2010 €120m to...
View ArticleEuro crisis: ECB steps in
The European Central Bank (ECB) has decided to turn on its money supply to ensure there is enough liquidity in the European banking system. The ECB will offer unlimited loans to banks in the eurozone...
View ArticleEurope: EIB provides €150m for environmental research
A loan has been agreed between European Investment Bank (EIB) and Wärtsilä, a leading supplier of power solutions for the marine and energy markets, to develop more environmentally friendly ship...
View ArticleEIB to provide £400m to United Utilities for water management
The European Investment Bank (EIB) has agreed to support an investment by United Utilities that will improve water supply and wastewater management that will take account of predicted climate change...
View ArticleEIB provides line of credit for Mauritian SMEs
The European Investment Bank (EIB) has agreed to provide €5m to support small and medium sized companies in Mauritius. This funding will be given to The Mauritius Leasing Company Limited to provide...
View ArticleCouncil to make loan to struggling football team
Stockport Metropolitan Borough Council has agreed to loan £180,000 to help financially troubled Stockport County football team. The local authority has to save £12m in the next year after its...
View ArticleBank opens £50m fund for Northern Ireland SMEs
The media has reported that First Trust Bank has launched a £50m Business Support Fund to support smaller enterprises to meet business lending proposals. The fund will be open to current and new First...
View ArticleStudents in the dark over university fees
A poll by YouGov conducted on behalf of the University of Roehampton has revealed that the majority of young people do not have a clear grasp of how and where the funding for their university courses...
View ArticleHelp to Buy surging ahead with 7,000 reservations
The Help to Buy equity loan is an instant hit, with almost 7,000 reservations in the first 3 months, according to Housing Minister Mark Prisk. Mr Prisk said that since its launch in this year’s Budget,...
View ArticleMore small businesses benefiting as lending scheme hits 3 year high
Small and medium-sized enterprises (SMEs) are increasingly able to secure bank loans supported by a government-backed scheme, as lending under the scheme reached its highest level since 2010. Recently...
View ArticleNorth Wales sports facilities benefit from £2m Welsh Government loan
Three sports facilities in North Wales will be upgraded following a successful application for the £5m Welsh Government Sport Facilities Capital Loan Scheme. Eirias Parc in Conwy, the Waterworld...
View Article£3.5m boost for Swansea Valley community wind project
A locally owned community energy charity has received a major boost after Cabinet Secretary for Environment and Rural Affairs, Lesley Griffiths confirmed it will receive a Welsh Government loan of over...
View Article£500,000 for town centre regeneration in Neath Port Talbot
A £500,000 Town Centre Loan will support regeneration in Neath Port Talbot, as part of the Welsh Government’s commitment to creating prosperity in valleys communities (January 10th). Minister for...
View ArticleNew Solar Loan
Bristol Credit Union has launched a new solar loan to help householders take advantage of the Feed-in-Tariff before the Government forces its end in March 2019. The current Feed-in-Tariff pays solar PV...
View ArticleLess favoured area support
Loan scheme for remote rural areas confirmed. Loans have been offered to hill and upland farmers and crofters to provide them with financial support and certainty in the New Year. Under the national...
View ArticleMore than 69,000 Bounce Back Loans worth over £2 billion have been approved...
More than 69,000 Bounce Back Loans worth over £2 billion have been approved during the first 24 hours of the scheme, the Chancellor has announced. The seven largest lenders (Barclays, Danske, HSBC,...
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