InvestEU Fund backs first projects

Following the signature of the InvestEU Guarantee Agreement between the European Commission and the European Investment Bank (EIB) in March, the InvestEU Investment Committee confirmed on 1 April the EU guarantee for EIB financing totaling €1.9 billion. The backed investments will support clean energy, education, improved internet connection, and water, and wastewater infrastructure. The first projects tomponents: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. By providing a €26.2 billion EU budgetary guarantee to support finance and investment operations, the InvestEU Fund will attract public and private financing aiming to mobilize at least €372 billion in additional investment by 2027, benefitting people and businesses across Europe. The EIB Group will implement 75% of the EU budget guarantee.

The InvestEU program provides the EU with crucial long-term funding in support of a sustainable recovery, helping mobilize private investments for the EU’s policy priorities, such as the European Green Deal and the digital  benefit from the new EU guarantee fall within InvestEU’s social investments and skills window and sustainable infrastructure window.

The financing backed by the EU guarantee will support investments across the EU, including in Finland, Greece, Ireland, Italy, Poland, Portugal, and Spain. The InvestEU program consists of three cotransition.