The European Investment Bank (EIB) has granted the Government of Navarra, through Sodena, a 100 million Euros to finance investment projects of small and medium enterprises in the framework of Moderna Plan (Economic Development Model of Navarra). This amount represents the first outlay of a 250 million Euros loan approved by the board of the European Investment Bank. The companies can opt for EIB financing up to 50% of the investment in the project.
As a public company for venture-profit, the Business for the Development of Navarre, Inc. (Sodena), can be a shareholder with up to 45% of participation, with advantages for the private company.
There is a Fund of Reciprocal Guarantee, SONOGAR, which facilitates guarantees and endorsements for companies developed by small and medium sized enterprises.
Last updated: 16|07|2015
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