France – The European Investment Bank (EIB) and Caisse des Dépôts are making a new €1 billion credit line available for sustainable projects across France.
With this financing Caisse des Dépôts, through Banque des Territoires’ lending arm, can continue to provide the public sector with fixed-rate loans in addition to its traditional products and services. This move confirms the strength of the partnership struck by Caisse des Dépôts and the EIB in June 2013 to provide sustainable investment projects throughout France with fresh impetus.
This programme makes European funding highly accessible for local-authority investment projects of less than €25 million. It follows on from two previous deals signed in 2015 and 2019 which brought €1.8 billion of financing to the French public sector. This new line goes in tandem with a strengthened commitment to climate action, with at least half of the amount intended for projects that help combat or mitigate the effects of global warming.
The EIB funds will improve access to long-term finance for small-scale investments, particularly in energy-efficiency measures for buildings, water supply and sewerage networks, sustainable mobility and clean public transport.
Supporting sustainable investment
This financing expands Banque des Territoires’ range of loans for the public sector and its products that are index-linked to the Livret A, a government-sponsored savings account. The ultimate goal is to boost the sustainability of France’s regions. This financial partnership embodies the strong fit between Banque des Territoires and the EIB in how they support sustainable investment at regional level.