GLS Bank and EIF mobilise €200 million for sustainable and social businesses in Germany
Germany, Sept. 30 -- GLS Gemeinschaftsbank eG and the European Investment Fund (EIF) have signed an agreement expected to unlock €200 million in financing for SMEs, social enterprises, and impact driven organisations across Germany.The agreement will support four areas of investment:€100 million for sustainability, including organic farming, energy efficiency, renewable energy, affordable housing, and social and healthcare facilities.€30 million for social entrepreneurship, helping organisations such as healthcare and retirement facilities that may struggle to obtain finance from commercial banks.€48 million for SME competitiveness, including loans for start-ups and growing businesses with limited credit histories or...
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