The deal comprises a €40 million facility targeting over 2,500 small enterprises and a €20 million framework loan dedicated to circular production. Small businesses can leverage these funds to adopt rooftop solar, energy-efficient building upgrades, and electric transport, alongside waste reduction and water management systems. By offering long-term capital rarely accessible in the local market, the program provides a critical runway for companies to modernize.
Industrial Upgrades and Export Competitiveness
The €20 million framework focuses specifically on the ready-made garment and textile sectors, which serve as the backbone of the national economy and maintain deep ties to European markets. EIB Vice-President Nicola Beer noted that the funding helps firms improve resource efficiency and bolster resilience against global sustainability demands. BRAC Bank CEO Tareq Refat Ullah Khan emphasized that the partnership allows local entrepreneurs to modernize operations and remain competitive as global supply chain standards tighten. EU Ambassador Michael Miller described the initiative as a hallmark of the Global Gateway, designed to align Bangladeshi industrial growth with international environmental expectations.
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