Brussels: The European Investment Bank (EIB) has signed a pound 50 million loan agreement with finance and invest.brussels, the regional promotional institution, to help local small and medium-sized enterprises (SMEs) and Mid-Caps access financing.

According to Trend News Agency, the deal will enable finance and invest.brussels to provide up to pound 140 million in new loans under favorable conditions. This initiative aims to reduce collateral requirements and improve lending terms to support business growth and job creation.

EIB Vice-President Robert de Groot emphasized the importance of this initiative, stating, “By joining forces with finance and invest.brussels, we are ensuring that businesses in the Brussels Region can access the financing they need to thrive and create new opportunities.”

Investments will target companies across various sectors, including financial and legal technology, creative industries, urban farming, and sustainable food. All lending decisions will be made by finance and invest.brussels.

Pierre Hermant, CEO of finance and invest.brussels, highlighted the partnership’s role in providing essential support to SMEs, especially in a changing economic landscape.

Finance and invest.brussels has a history of collaboration with the European Investment Fund, part of the EIB Group, having previously provided pound 54 million in 2021 and pound 78 million in 2023 to support local SMEs and Mid-Caps.