The European Investment Bank (EIB) agreed to provide DLL with a €100 million ($116.922 million) credit facility in order to help Dutch and Belgian SME and mid-cap companies benefit from DLL’s Life Cycle Asset Management Program.

The facility will enable approximately 200 Dutch and Belgian companies committed to sustainable and circular business to benefit from a lower interest rate.

The total sum of the loan will be split between Belgium and The Netherlands, depending on the incoming requests.

“SME and mid-cap companies in the Netherlands and Belgium increasingly want to transition to a circular business model,” said Jeroen van Beeck, Managing Director DLL Benelux. “DLL sees both the societal and economic value of this business model and acknowledges the necessary investments that go with this. We are pleased that through this credit facility we can accommodate entrepreneurship and can facilitate innovative business.”

“Investing in the circular economy means changing people’s point of view on how the world uses its resources.” says EIB President Werner Hoyer. ”The bank is already one of the largest financiers of climate action projects worldwide, and we expect initiatives like the circular economy to have a real impact in the long run.”