Intesa Sanpaolo signs Europe's first agreement with EIB and ESA to support SMEs in aerospace supply chain
Italy, July 8 -- Intesa Sanpaolo, the European Investment Bank (EIB) and the European Space Agency (ESA) have signed a two-year agreement to support small and medium-sized enterprises operating across Italy's aerospace supply chain, one of the most strategic and innovative sectors of both the Italian and European economies.Backed by European funding and dedicated guarantee instruments, the initiative will make available approximately €300 million in new financing to support investment by SMEs operating in a sector that is expected to generate around €7 billion in value added and €8 billion in exports in 2025 (equivalent to 1.2% of total manufacturing). Intesa Sanpaolo is the only Italian bank and the first in Europe to est...
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