The European Investment Bank granted a €100 million loan, on 2 February, to a company majority-owned by the government of Navarra, SODENA (Sociedad de Desarrollo de Navarra, S.A.). It will finance investment projects by small and medium-sized businesses under the Moderna plan, a regional programme to update Navarra’s growth model. The EIB loan will mainly serve to finance projects in the industry and services sector and RDI. This is the first instalment of a total loan of €250 million.