Lithuanian businesses and creative industries get €70 million credit boost under EIF deal with Mano Bankas
- Release date: 25 July 2024
The European Investment Fund (EIF) is providing Lithuanian bank Mano Bankas guarantees to expand an existing credit line for small and medium enterprises (SMEs) by €70 million. The move by the EIF, which is part of the European Investment Bank (EIB) Group, unlocks €25 million for SMEs to bolster liquidity weakened by the Covid-19 pandemic and €25 million for a range of climate-adaptation steps. A further €15 million will be available to SMEs in the creative industries ...
Croatian and Slovenian researchers gain innovation support with €49 million in EIF-led financing
- Release date: 15 July 2024
The European Investment Fund (EIF) teamed up with the national development banks of Croatia and Slovenia as well as private investors to provide a total of €49 million to a technology-transfer fund that will promote innovative research in both countries. The Vesna Deep Tech Venture Fund, to which the EIF is pledging €40 million, is the first technology-transfer fund in the two countries. The EIF’s commitment stems from two separate investment programmes set up with Croatian ...
Eiffel Investment Group, backed by the European Investment Fund and the InvestEU program, launches Eiffel Impact Direct Lending, the first European impact debt fund dedicated to SMEs
- Release date: 04 July 2024
The private debt market has steadily grown in recent years. However, most of capital raised goes to the large companies, leaving the SME funding gap significantly unsolved. Likewise, impact investing has increased significantly, reaching around $3,000 billion in sustainable funds in 2023[2], but it still mainly supports large companies, largely excluding SMEs who need these resources to accelerate their energy transition and contribute to decarbonizing the economy. To address this dual ...
InvestEU: CREAS, supported by the EIF and ICO, launches Creas Impacto II, a new fund to invest in social impact companies in Spain and the EU
- Release date: 10 July 2024
The European Investment Fund (EIF) has signed a €20 million investment in Creas Impacto II, a new fund launched by CREAS, a pioneer fund manager in impact investing in Spain. This new vehicle, with a target size of €70 million, is a further effort by CREAS to invest in and support Europe's best social impact companies in areas such as empowering people through education and inclusive employment; caring for vulnerable people, with a focus on elder care; and building ...
EIF invests €350 million in Spain-based Kembara, a Deep Tech and climate growth fund under the European Tech Champions Initiative
- Release date: 08 July 2024
The European Investment Fund (EIF) commits €350 million to Kembara Fund I FCR, a €1 billion target-size pan-European fund with a strong focus on Deep Tech and climate, managed by Spain-based Alma Mundi Ventures SGEIC (Mundi Ventures).
