As stated by the EIB, the project consists in a loan facility to Mediocredito Trentino Alto Adige (MCTAA) to support small and medium sized enterprises (SMEs) and midcaps in Italy.
At least 70% of the loan will be allocated to SMEs investments, while 25% will support Climate Action and Environmental Sustainability projects.
The aim is to enhance access to finance for the target beneficiaries, with a particular focus on the renewable energy sector, such as photovoltaics, wind power and biomass.
As stated on the company's website:
"For more than 60 years, we have supported the development of small and medium-sized enterprises with medium- and long-term credit, leasing, financial consulting and extraordinary finance operations. We act as a Corporate and Investment Bank through the operations of our branches to advise and assist companies in investments, drawing on national and European subsidised funds. We offer a specialised project and public works finance desk for renewable energy and infrastructure investments."
Financial Intermediary - Mediocredito Trentino Alto Adige SpA:
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
ACCOUNTABILITY MECHANISM OF EIB
The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: firstname.lastname@example.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf
When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces