What we do
Public consultation on the EIB Group's Environmental and Social Sustainability Framework - informational webinars
Public consultation on the EIB Group's Environmental and Social Sustainability Framework
The EIF in 2020
Coronavirus: The EIB Group’s initiatives to address its economic consequences
Pan-European Guarantee Fund – EGF
Sustainable Development Umbrella Fund
SDUF Health Compartment
Equity products
AI Co-Investment Facility
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
VentureEU
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
InnovFin SME Guarantee Facility
COSME - Loan Guarantee Facility
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
Central and Eastern European Technology Transfer (CEETT)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece

Coronavirus: The EIB Group’s initiatives to address its economic consequences

At the onset of COVID-19 across Europe, the EIB Group reacted rapidly to address the most urgent liquidity needs of European SMEs. Throughout the year 2020 and to date, we have sustained this support through several initiatives, with the same goal: to ensure that Europe’s small businesses survive and can grow further after the pandemic.

covid support visualisation

Pan-European Guarantee Fund (EGF)

In co-operation with the EIB and the EU Member States that finance it, the EGF has been a new and dedicated initiative quickly designed and launched in mid-2020. Using the EIB’s and the EIF’s proven business models, the initial €25 billion resources aim to mobilise additional financing for small business and mid-caps in Europe, and thus continue fighting the negative economic effects of the crisis. EGF is also testament of collaboration at European level. Further links:

Enhanced terms on debt financing

Based on the €1 billion unlocked from the Investment Plan for Europe/EFSI, the EIF provided guarantees worth €2.2 billion to financial intermediaries across our main guarantee instruments, unlocking €8 billion in available financing for businesses, including micro- and social enterprises as well as SMEs in the cultural and creative sectors.

The EIF published the updated calls for expression of interest and amended terms for financial intermediaries in early April 2020 on the respective pages:

Following the EU’s decision to prolong the timeframe and extend the scope of the State Aid Temporary Framework adopted on 19 March 2020 in order to support the economy in the context of the coronavirus for additional six months, the EIF has subsequently extended the covid-19 support measures for its existing intermediaries until 30 June 2021.

Enhanced terms of equity funding

Across the EIF’s equity business lines, our main objective was to remain open for business and continue supporting business angels, and venture capital / private equity fund managers with the funding they need to sustain their investment strategies.

Under InnovFin Equity, we launched support measures incl. modified terms and conditions; and a new €100 million window – the RE-FIT facility, sustaining innovative business. Check this overview presentation for details.

Unlike in previous crises (e.g. the dot-com crisis), during the covid-19 pandemic the European VC market has shown resilience and continued good performance, signs of a mature ecosystem that we worked to build over the past 20+ years.

Further national initiatives

In addition, we have deployed nearly €900 million in 2020 in the form of national initiatives targeting the COVID-19 crisis.

  • SME Initiative Italy – updated with specific measures to mitigate the economic impact of the covid-19 pandemic to ensure access to working capital
  • AGRI Italy – updated with terms related to covid-19 and in relation to stand-alone working capital

Get support

Further information for financial intermediaries

A dedicated EIF Covid Infobox has been created for financial intermediaries to centralise any questions related to the EIF’s covid-19 response measures: covid-fi(at)eif.org

Accessing finance for SMEs and mid-caps

Check here the EIF’s current network of financial intermediaries in your country. Our existing partners have been at the forefront of benefitting from the COVID-19 related financing support whilst new intermediaries are added on a continuous basis.

 

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Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

 
 

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