In Spain, EFSI is supporting a social finance transaction under the EaSI Guarantee to help provide €9 million for social enterprises. The Colonya Caixa d’Estalvis de Pollença have signed an agreement with the European Investment Fund to provide loans to 150 social entrepreneurs, which include foundations and NGOs providing work integration opportunities for disabled people. This allows the beneficiaries to benefit from loans at a reduced interest rate and reduce other requirements. In France, EFSI is also supporting investment into Social Entreprises through the COSME programme. COSME is supporting France Active invest into social enterprises by providing a counter-guarantee for their “Fonds Entreprise Sociale”, for instance. This will allow non-profit social service providers to have reserved access to loans of up to €100,000.
In Ireland, EFSI is supporting the development of up to 14 primary care centres in Ireland, through an agreement with the National Development Finance Agency. The loan is through a Public Private Partnership with a proposed finance of €70 million, 27 year loan from the European Investment Bank. The EIB provides cheaper funding than other options available. The objective of these Primary Care Centres is to shift the focus of healthcare away from hospitals and into the community; thus allowing people to stay within their local community for longer.
HOUSING: In Poland, EFSI is supporting the construction of approximately 1300 affordable housing units with necessary infrastructure in Poznan, Poland. This is done through an agreement between the EIB and Poznan’s Social Building Society (Poznanskie Towarzystwo Budownictwa Spolecznego SP Zoo) with a loan by the EIB of approximately €33 million. In Portugal, EFSI is supporting a Framework Loan to the city of Lisboa for a series of projects, including building new social housing and providing major repairs to existing stock. This is done through a loan agreement in which the EIB finances €250 million.