Business enterprises from the BENELUX will have access to a significant amount of funding for sustainable investment, as announced by the European Investment Bank. This was made possible after an agreement was reached between the EU bank and ING for a total of EUR 400 million. The amount will be provided in the form of multiple loans with preferential interest rates to business enterprises located in the three countries and aims to help them invest in sustainable projects. Half of it will go to businesses in the Netherlands and the rest will be allocated to Belgium and Luxembourg.
The involvement of the EU bank is crucial to the beneficiaries as it guarantees a particularly low interest rate – at only 0.3%. The former will verse 200 million euros to ING which in turn will double it and distribute it to its clients for selected projects. This action contributes to the existing program of ING operating in BENELUX successfully since 2018. The new financing programme will enter in operation next month.