The European Investment Bank (EIB) and the European Investment Fund (EIF) have approved €7.1 billion in new financing to strengthen Europe’s technological leadership, energy security, and infrastructure. The funding will also back projects for climate adaptation, urban development in Italy, business support in Spain, and sustainable transport in Greece. Additionally, the Boards approved significant investments for Ukraine to boost its businesses and rebuild its energy, transport, and digital infrastructure.
The EIF launched the 3Seas Fund-of-Funds facility to support infrastructure development in Central and Eastern Europe. It also endorsed 21 new operations under the EU’s TechEU initiative, designed to reinforce Europe’s edge in life sciences, digitalisation, and defence. Among these is a first-of-its-kind fund dedicated to therapeutics and medical technologies targeting the central nervous system.
TechEU is the EU’s largest financing programme for innovation, expected to provide €70 billion in equity, quasi-equity, loans, and guarantees between 2025 and 2027, while mobilising at least €250 billion in private investments. The initiative aims to ensure Europe attracts top talent and capital, driving innovations that will define the future economy.
For Ukraine, the EIB approved two new venture capital investments to support start-ups and entrepreneurs, as well as improvements to energy, transport, and digital systems. The EIF also endorsed measures to facilitate small business financing. Since the Russian invasion began, the EIB Group has already provided €4 billion to repair critical infrastructure, rebuild schools and hospitals, and secure Ukraine’s energy supply.
Beyond Europe, the EIB approved financing to expand public transport in Dar es Salaam, Tanzania, the largest city in East Africa. These efforts reflect the Bank’s broader commitment to advancing sustainable infrastructure globally.
The EIB is the EU’s long-term lending institution, owned by its Member States, financing projects that advance climate action, innovation, security, cohesion, and social infrastructure. Together with the EIF, the EIB Group signed nearly €89 billion in financing for over 900 high-impact projects in 2024, underscoring its role in boosting Europe’s competitiveness, security, and sustainability.
Related Posts
