DLL, EIB, Rabobank launch $1.2B climate financing program
DLL earmarking $582M for climate-focused transactions across Europe
The European Investment Bank, global equipment lender DLL and its parent company Rabobank have partnered to provide 1 billion euros ($1.2 billion) in financing to support small and mid-sized businesses (SMBs) with a strong focus on sustainability and agriculture.
Under the partnership, Rabobank will borrow nearly $291 million from the EIB and match that amount with its own funds to make $581.8 million available for Dutch SMBs and mid-caps, according to an EIB release today. At least 40% of the funding is earmarked for climate-related investments, and another 40% will be directed toward bioeconomy sectors, including agriculture.
DLL has also secured $291 million from the EIB and will provide a matching contribution. This funding will be available to SMBs in multiple European countries, including France, Germany, Italy, Spain, Belgium, Sweden, Poland, Ireland and the Netherlands. DLL will focus on financing climate-focused investments.
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