No, eeef has the aim to provide market based financing, and does not provide subsidies or grants. It can provide financing in the form of debt, mezzanine or equity as well as leasing structures and forfeiting loans for specific industry partners.
Additionally beneficiaries of the eeef have the possibility to apply for the Technical Assistance (TA) Facility and receive a funding of up to 90% of all eligible TA costs. Please note that TA can be granted only in case of a subsequent funding (at market rates) of the project under eeef.
The fund offers market-based financing, so that the interest rate depends on the risk structure of the investment (counterparty risk, technology risk etc.). eeef can provide debt financing with floating and fixed interest rates. In most cases the base rate is EURIBOR and is swapped, if a fixed interest rate is needed.
Yes, the eeef provides debt, mezzanine or equity financing. Except for the Technical Assistance, any funding has to be fully paid back.
No, the eeef aims to provide market-based financing. The eeef can provide financing in the form of debt, mezzanine or equity as well as leasing structures and forfeiting loans for specific industry partners. The interest rate depends on the risk structure of the investment (counterparty and technology risk).
This depends on the respective project. In general eeef can invest up to a maximum of EUR 25mn per project, but the amount will vary between different projects and will be subject to the structure, the project needs and the risk associated with the investment. In case the total Debt/Equity ratio is above a certain level (depending on the single project) and eeef considers it as being insufficient, financing via eeef is not feasible.
The eeef can only invest in new projects, and cannot refinance existing obligations. If the project can be divided into several distinctive project phases, eeef can invest in one of the later project stages.