The European Investment Bank (EIB) Group has approved a €17.7 billion financing package to drive Europe’s green transition, strengthen economic competitiveness, and foster global partnerships. The investments will support innovation in semiconductor manufacturing, battery storage, and strategic infrastructure, while also addressing social priorities such as social housing in Belgium, climate adaptation projects in Italy and Germany, railway upgrades in Spain and Hungary, renewable energy initiatives by French businesses, and energy network improvements in Greece, Slovakia, and Italy.
A key component of the package is the €4.2 billion approved under TechEU, the European Union’s largest innovation financing programme, which aims to help ideas, companies, and technologies developed within the EU grow and thrive locally. EIB Group President Nadia Calviño highlighted that this support strengthens Europe’s competitiveness, innovation capacity, and security.
The European Investment Fund (EIF) also endorsed several transactions across Central, Eastern, and South-Eastern Europe to boost social and economic cohesion. These include backing a social impact fund, a growth fund, a securitisation deal in the Baltics, and a private credit fund focused on Central and Eastern Europe.
Beyond Europe, the EIB Group’s financing extends to international projects aligned with the EU’s Global Gateway strategy. These include clean-energy initiatives in Egypt and Tunisia, new school construction in Benin, and railway infrastructure upgrades in Montenegro, promoting sustainable development and reinforcing Europe’s global partnerships.
The EIB, the EU’s long-term lending institution, alongside the EIF, supports investments across climate action, digital innovation, social infrastructure, cohesion, and global development. In 2024, the EIB Group signed nearly €89 billion in new financing for over 900 projects, with nearly 60% of annual investments directed towards climate action and environmental sustainability, while targeting cohesion regions to reduce economic disparities.
