Under the guarantee scheme that EIF made available via the InvestEU programme, Triodos Bank will give financial support to enterprises in the Netherlands, Belgium, Spain and Germany. This partnership will benefit social enterprises that normally are disadvantaged in getting access to normal bank financing.

This agreement will allow Triodos Bank to provide financing to different sectors through loans that will be available at a reduced interest rate with lower collateral requirements. The interested area comprehends a vast range of sectors from social assistance and care services to social housing, but also initiatives to enable disadvantaged workers to enter the labour market and initiatives that aim at supporting the promotion of arts and culture and the production of healthy food.

Between the EIF and Triodos Bank there is a long partnership story which dates back to 2018, when they signed the first agreement with the intention of benefitting hundreds of SMEs with the help of the EU. In 2021 then the agreement was extended also to social enterprises and the cultural and creative sector. 

This is the third agreement in Triodos Bank’s cooperation with the EIF for a total amount of 397 million euros in guaranteed lending, with up to 220 transactions under this guarantee facility.

“At Triodos Bank, financing social entrepreneurship, in the broadest possible definition, is our core business. With the support of the EIF we can now empower more entrepreneurs to add value to society and accelerate the necessary transitions towards a more prosperous life for people on a thriving planet”, commented Jacco Minnaar, Chief Commercial Officer at Triodos Bank.