The EUR75m funding is in the form of a framework loan jointly provided with the European Bank for Reconstruction and Development (EBRD).

The funding will be used by small businesses and midcap companies who carry out climate action relalted investments throughout Turkey.

Funding is provided through a financial scheme based on Diversified Payment Rights securitisation.

It comes as the third operation signed within the framework of the Mid-size Sustainable Energy Financing Facility, which has been developed jointly by the EIB and the EBRD.

The facility includes a Technical Assistance component funded by the European Commission from IPA funds.