The European Investment Bank (EIB) and the regional government of Valencia have signed a €470 million ($501 million) loan, co-financing a series of green, social and digital investments in the Spanish region.
The loan will co-finance projects in areas such as education and training, research, development and innovation, support for small and medium-sized enterprises and mid-caps in the region, sustainable transport and energy-efficient public buildings. In this way, the EIB framework loan will support the region's dual green and digital transitions, business competitiveness and sustainable urban development.
The loan and co-financing will provide support for projects included in the 2021–2027 operational programs of E.U. cohesion policy funds, particularly the European Regional Development Fund (ERDF) and European Social Fund Plus (ESF+).
All the projects will take place within the Valencia region, which the European Union considers to be a transition region
