Circular economy
#JunckerPlan supports €50 million EIB loan for #CircularEconomy business in the Netherlands
The European Investment Bank (EIB) is lending Dutch company Boels Rental €50 million to acquire new vehicles, machinery and related equipment for its rental and leasing activities. The loan is guaranteed by the Juncker Plan's European Fund for Strategic Investments, which allows the EIB Group to invest in more and often higher risk operations.
Through a greater availability of the necessary machines, Boels supports a circular business model in which these machines are no longer bought, but leased or rented. Karmenu Vella, Commissioner for Environment, Maritime Affairs and Fisheries, said: “I am pleased that the Juncker Plan is supporting a family business in the Netherlands which promotes the circular economy model. The rental and leasing industry offers a credible alternative to purchasing outright, which benefits both consumers and the environment. I encourage more companies with green business models to apply to the EIB for financing.”
A press release is available here. As of July 2019, the Juncker Plan has mobilized €424 billion of additional investment, including €11.8bn in the Netherlands. The Plan is currently supporting 967,000 small and medium businesses across Europe.
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