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Add to Preferred SourcesNIB and Sparbanken Nord have signed a loan programme of SEK 100 million (EUR 9.28 million) for on-lending to small and medium-sized enterprises (SMEs), small mid-caps (SMCs) and small-scale environmental projects in the Norrbotten region of Sweden.
The seven-year loan programme will finance small-scale environmental projects and investments by SMEs and small mid-caps in the north of Sweden. SMEs are responsible for a considerable share of aggregate output and employment in NIB’s member area and improved access to financing is expected to increase productivity and efficiency in the market.
Projects that qualify for financing under the loan facility include investments for example in new equipment and vehicles by companies in the logging and mining sectors, as well as the pulp and paper industries in the Norrbotten region of Sweden that aim to modernise operations.
This is the second loan programme signed between Sparbanken Nord and NIB; the first facility was agreed in 2013.
Original source: NIB
Published on 03 September 2019