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Commission and EIB Group increase financial support for the EU economy under InvestEU

By

[email protected] (Ramona OCAK)

9d ago

Source

ema.europa.euCommission and EIB Group increase financial support for the EU economy under InvestEUeuropa.eu
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The European Commission and the European Investment Bank (EIB) Group have signed an agreement which increases the EU guarantee by around €5 billion, and adding additional €22 billion from EIB and EIF in strategic financing expected to support around €70 billion in investment by the end of the current Multiannual Financial Framework. The amended agreement will focus on critical areas, such as clean and biotechnology innovations, digital technologies, start-ups and scale-ups, and improved access to finance for SMEs. It also reflects the adoption of the "Omnibus II" regulation and will help mobilise more public and private investment in Europe's competitiveness, resilience and clean transition.

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