Specific Purpose Companies
The Risk Sharing Finance Facility can provide for higher risk financing made available to companies established for the purpose of specific projects:
Company purpose: the company will hold responsibility for all or a combination of the following tasks: design, implementation, financing and operation of a specific project.
Company (project) size: the minimum size of project companies qualifying for project finance solutions under RSFF is subject to the cost and complexity of financial structures and solutions to be made available.
Ownership: public law bodies, private law bodies or mixed entities with (partial) public participation.
Legal form: the project company is established as a legally and financially independent entity, limiting the recourse of lenders to project assets and cash-flow; most legal forms can be supported, including limited and unlimited liability companies, subject to the company’s legal capacity to assume financial obligations.
Origin: legal entities established in all European Union Member States or Associated Countries (ie. Iceland, Liechtenstein, and Norway (subject to amendment procedure of EEA agreement), Switzerland, Israel (subject to satisfactory conclusion of bilateral S/T agreements) or Turkey, Croatia, and Serbia (subject to satisfactory completion of the decision-making procedure associating these countries via a Memorandum of Understanding).
Financial profile: the SPV’s stand-alone financial resources and projected cash-flows must ensure the company’s sustainable capacity to service its financial obligations.
Main financing products available
The EIB offers the following individual direct financing solution:
Other RSFF beneficiaries:
- Private and public mid-sized or large companies
- Small-and medium sized companies
- Research institutes
- Universities
- Research Infrastructure companies