Thanks to this agreement under the EU's SME programme COSME, the supported SME loan volume is expected to reach a total of PLN 10.5 billion (equivalent to almost €2.5 billion). The financial envelope available to SMEs within the scheme has already increased tenfold since its establishment: from the original PLN 800 million to PLN 8.4 billion. The agreement is backed by the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe, the Juncker Plan. Meanwhile, on 5 February the European Investment Bank (EIB) granted a €60 million loan to help Spanish company CEPSA to reduce the environmental impact of its activities. The loan will support a pioneering R&D project to increase the sustainability of the company’s petrochemicals operations. The EIB is also supporting French financial technology company Famoco with a loan of €20 million. The financing will help Famoco to transform a professional smartphone into a payment terminal. On 29 January, the EIB signed a SEK 2.5 billion (approximately €240 million), 7-year loan agreement with Wallenstam AB to support the construction of sustainable affordable housing classed as “nearly-zero-energy-buildings” in Sweden.