Brussels, 25/06/2009 (Agence Europe) - The European Investment Bank (EIB) has signed a £100 million (€113 million) new generation EIB loan for small and medium sized enterprises (SMEs) with the Abbey Group in the UK. Abbey will act as a financial intermediary for the EIB funds, passing them onto SMEs with eligible projects. SMEs should start to benefit from EIB finance early in the third quarter of 2009.
The EIB loan for SMEs to Abbey is the fourth new loan of its kind in the UK since...