What we do
Institutional investors
Equity products
AI Co-Investment Facility
Cleantech Co-Investment Facility
Impact investing at the EIF
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
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
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
Normandie Garantie Agri
FAIRE - La Réunion
Auvergne Rhône-Alpes FEADER
Recovery Equity Fund of Funds of Bulgaria
Fons d’Inversió en Tecnologia Avançada (FITA) Catalonia
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
Central and Eastern European Technology Transfer (CEETT)
Croatian Growth Investment Programme (CROGIP) II
Croatian Growth Investment Programme (CROGIP)
Croatian Venture Capital Initiative 2 (CVCi 2)
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
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
EU4Business Capped Guarantee
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)
Call for Expression of Interest for FOSTER II
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
Romania Recovery Equity Fund of Funds
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund 1 (LFF)
Luxembourg Future Fund 2
Mezzanine 'Fund of Fund' for Germany (MDD)
NEOTEC resources
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
Irish Innovation Seed Fund (IISF)
RRF Czech Republic Fund of Funds

European Commission and EIB Group sign InvestEU agreements unlocking billions for investment across the European Union

    Date: 07 March 2022
  • The European Commission, the European Investment Bank (EIB) and the European Investment Fund (EIF) signed the Guarantee Agreement on a European Union budget guarantee of €19.65 billion to support investment projects across Europe
  • Investments under the InvestEU programme will focus on four policy areas: sustainable infrastructure; research, innovation and digitisation; small and medium-sized businesses; and social investment and skills.
  • The European Commission and the EIB also signed the InvestEU Advisory Hub agreement which will provide up to €270 million for market development, developing skills and project level advisory services in the same policy areas.
  • The agreements pave the way for new investments and related advisory assistance in support of Europe’s post-pandemic recovery and green and digital transitions.

Today, the European Union reached a major milestone in the implementation of the InvestEU programme with the signature of the Guarantee and Advisory Hub Agreements between the European Commission, the European Investment Bank (EIB) and the European Investment Fund (EIF). The InvestEU programme is a key pillar of the European Union’s largest ever stimulus package to recover from the COVID-19 pandemic and help build a greener, more digital, and more resilient European economy.  It can also support the European economy in addressing new challenges arising from major uncertainties linked to the global and security outlook.

InvestEU consists of three components: 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 programme will attract public and private financing aiming to mobilise at least €372 billion in additional investment by 2027, benefitting people and businesses across Europe. Beyond securing significant investment volumes, it will focus on enabling the financing of investments that provide the highest impact for the target policy objectives.

The EIB Group (comprised of the EIB and EIF) will implement 75% of the EU budget guarantee (€19.65 billion) and the same share of the advisory budget under the InvestEU Advisory Hub. Further to the EIB and EIF, who are the main implementing partners, international financial institutions active in Europe and national promotional banks will be able to use a share of the guarantee (25% in total) to support investment and projects schemes.

The first InvestEU projects are expected to receive an InvestEU Guarantee as soon as April, after having been presented to the Investment Committee.

The InvestEU Fund, building on the success of the European Fund for Strategic Investments (EFSI)

The InvestEU Fund will provide the EU with crucial long-term funding, crowding in private investments. The Guarantee Agreement signed today determines the rules for granting the EU budget guarantee as well as for its implementation by the EIB and the EIF. The operations benefitting from the EU budgetary guarantee will finance investments in four policy areas to support the EU’s goals in sustainability, scientific excellence and social inclusion: sustainable infrastructure; research, innovation and digitisation; small and medium-sized enterprises (SMEs) and small mid-caps; and social investment and skills. At least 30% of all the investments will be made in areas directly supporting Europe's green transition.

The InvestEU programme builds on the successful model of the Investment Plan for Europe and its European Fund for Strategic Investments (EFSI). It combines 13 EU financial instruments available under the previous Multiannual Financial Framework (MFF) in one integrated instrument and covers a broader scope of policy areas than EFSI. The impact of the EFSI loans has been significant. EFSI over-delivered and so far has mobilised €546.5 billion in investments, benefitting over 1.4 million SMEs. It has become a success in co-financing projects that otherwise might not have been carried through.

The InvestEU Advisory Hub, helping projects reach the financing stage

Building on the success of the European Investment Advisory Hub and other advisory programmes, the EIB and the European Commission also signed an agreement for the provision of technical, financial and strategic expertise to project promoters, regional and national authorities, and financial intermediaries under the InvestEU Advisory Hub. The Advisory Hub, managed by the European Commission and working with EIB as its main advisory partner, will provide an efficient point of access for financial and technical assistance demand, drawing on know-how from across the EIB Group.

Working across all four of the InvestEU policy windows, the Advisory Hub will, amongst other things, support public and private sector promoters in the identification, preparation and implementation of InvestEU guaranteed investment projects and investment platforms across the Union.

Executive Vice-President for an Economy that Works for People, Valdis Dombrovskis, said: “This agreement comes just at the right time as we emerge from the pandemic and face mounting geopolitical uncertainty. InvestEU will spur vital large-scale private sector investment to help build and support the businesses and jobs of the future. This will better equip us as we face the unavoidable economic and social consequences of the war in Ukraine. Today’s milestone agreement will help us reach our medium-term economic and wider policy objectives.”

Commissioner for the Economy, Paolo Gentiloni, said: “The investment needs we must address in the coming years are truly immense. And I’m very confident that InvestEU will prove to be an invaluable tool to help us face that challenge. Today we open a new chapter in the story of the European Commission’s successful partnership with the EIB Group: to build sustainable infrastructure, drive innovation, develop future-oriented skills and nurture the growth of SMEs.”

European Investment Bank Vice-President, Prof. Teresa Czerwińska, said: “Over the next 6 years, InvestEU will unlock much needed financing in support of businesses, innovation, infrastructure and the environment across Europe. By combining public funds with our expertise and risk-bearing capacity we can successfully mobilise large-scale investments, both public and private, that will support Europe in its recovery from the COVID-19 crisis and in the transition to a green and sustainable economy. We are thrilled and proud to join the European Commission and other partners in our role as the lead implementing and advisory arm of the InvestEU programme.”

European Investment Fund Chief Executive, Alain Godard, said: “The launch of InvestEU marks the opening of an important new chapter in terms of EU support for small businesses. InvestEU brings together a multitude of EU financial instruments under one roof with a strong thematic focus, pursuing a green, digital and inclusive transition as Europe recovers from the crisis. As a leading partner in these efforts to address multiple challenges our societies and the European economy are facing today, the EIF stands ready to do its part in fostering innovation, building new markets, strengthening competitiveness and boosting jobs and growth.”

Background information

InvestEU: The InvestEU programme will provide the EU with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It will also help mobilise private investments for the EU's policy priorities, such as the European Green Deal and the digital transition.

The InvestEU Programme will bring together under one roof the multitude of EU financial instruments currently available to support investment in the EU, making funding for investment projects in Europe simpler, more efficient and more flexible.

The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund will be implemented through financial partners who will invest in projects using the EU budget guarantee of €26.2 billion. The entire budgetary guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

The European Investment Bank (EIB): the EIB, “the EU Bank”, is jointly owned by the 27 EU Member States. Through its lending, blending and advisory activities, it seeks to boost Europe's potential in terms of jobs and growth, support action to adapt to and mitigate climate change and promote EU policies outside the EU. Between 2015 and 2020, the EIB was the implementing partner of the European Fund for Strategic Investments and manager of the European Investment Advisory Hub, the main pillars of the Investment Plan for Europe.

The European Investment Fund (EIF): The EIF is part of the EIB Group. It supports Europe’s SMEs by improving their access to finance through a wide range of selected financial intermediaries. The EIF designs, promotes and implements equity and debt financing instruments targeting SMEs. In this role, EIF fosters EU objectives in support of entrepreneurship, growth, innovation, research and development, the green and digital transitions and employment.

For more information

Questions and answers: InvestEU

InvestEU website

EIB and InvestEU website

EIB Advisory Services under InvestEU

EIF and Invest EU website

EFSI and its legacy

Macroeconomic Impact of the European Fund for Strategic Investments

Press contacts:

EIB Group

Vanessa Paul, v.paul@eib.org, tel.: +352 43 79 84331 / mobile: +352 621 368 521
Website: www.eib.org/press - Press Office: +352 4379 21000 – press@eib.org

European Commission

Flora Matthaes, email: flora.matthaes@ec.europa.eu; tel: +32 229 83951

Website: https://europa.eu/investeu/home_en

Follow us on social media #InvestEU 


Our website uses anonymised cookies to give you the best browser experience and to collect aggregated statistics.

This does not include online advertising cookies.

or Manage cookies >

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


Copyright ©

 European Investment Fund   – The European Investment Fund is not responsible for the content of external internet sites.