Societe Generale Equipment Finance (SGEF) is to receive £100m (125m) from the European Investment Bank (EIB) over the next two years in order to invest in UK small and medium sized enterprises (SMEs).
SGEF is to match the EIB contribution, and will lend to companies in commercial vehicles, agricultural machinery, IT, office and medical equipment, production and packaging machines and construction equipment.
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The funding will be for medium and long term financing arrangements of up to eight years.
Jonathan Taylor, European Investment Bank vice president said: "Investment in new equipment is often essential to remain competitive and create new jobs. The European Investment Bank is committed to supporting small and medium sized companies and is pleased to work with Societe Generale Equipment Finance to achieve these shared goals in the UK. Financing that addresses the specific needs of small firms is even more important at a time of improving business confidence."
In 2013, the EIB provided over £17bn for SMEs across Europe.
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