The European Investment Bank (EIB) Group and Banco Santander have launched a $1.08 billion financing initiative to support green and inclusive growth among small and medium-sized enterprises (SMEs) in Spain, with targeted investments in sustainable building and women-led businesses.
Strategic Investment in Sustainability and Inclusion
On 31 October 2025, the EIB Group—comprising the European Investment Bank (EIB) and the European Investment Fund (EIF)—announced a joint initiative with Banco Santander to unlock €1.08 billion ($1.08 billion) in financing for Spanish SMEs and mid-cap companies. The funding will be channeled through a securitisation structure, enabling Santander to expand lending to businesses aligned with green transition goals, gender inclusion, and regional development.
Targeted Allocations
The package includes:
- €200 million earmarked for near-zero-emission building projects, supporting Spain’s climate targets and energy efficiency standards.
- €70 million dedicated to women-led enterprises, aiming to close gender gaps in business financing and entrepreneurship.
The remaining funds will be deployed across sectors including agriculture, bioeconomy, and digital innovation, with a focus on enhancing competitiveness and resilience among SMEs.
Broader Economic Impact
The initiative supports the EU Capital Markets Union by promoting securitisation as a tool for expanding access to sustainable finance. It also aligns with the EIB Group’s strategic priorities in climate action, social cohesion, and economic inclusion.
Santander’s CEO for Spain, Antonio Simões, emphasized the bank’s commitment to “mobilizing private capital for public good,” while EIB Vice-President Ricardo Mourinho Félix highlighted the importance of “empowering SMEs to lead the green transition.”
The operation is expected to benefit thousands of businesses across Spain, particularly in underserved regions and sectors facing structural financing barriers.
Sources:
ESG News – EIB Group and Santander Mobilize $1B ESG News
EIB Press Release – SME Financing Initiative European Investment Bank
