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

The ERP-EIF Facility

The ERP-EIF Facility is a partnership between the German Federal Government and the EIF, managed by the EIF, providing venture and growth capital financing with a focus on high-tech early and later stage companies in Germany. 

The Facility has been mandated by the German Federal Ministry for Economic Affairs and Climate Action (BMWK, formerly BMWi) on behalf of the German ERP Special Fund (ERP Sondervermögen) in 2004, and since then, it has been increased subsequently on several occasions. The current volume of the ERP-EIF Facility is up to EUR 4.6bn, funded by ERP Special Fund resources managed and complemented by the EIF, and consists of the following sub-programmes:

  • The ERP-EIF VC Fund of Funds (Dachfonds, since 2004), investing in VC funds with aggregate volume of EUR 4.2bn (incl. EAF Germany and ERP-EIF Growth Facility below), with more than 120 fund investments, so far supporting some 3,000 SMEs.
  • The European Angels Fund Germany (EAF Germany, since 2012 until 2022), co-invested in joint portfolios with some 50 experienced business angels and family offices, supporting more than 400 SMEs.
  • The ERP-EIF Growth Facility (Wachstumsfazilität, since 2016 until 2021), investing in some 10 co-investment structures alongside VC funds managers already supported by the ERP-EIF Facility before, to provide expansion financing for strong growth companies and so far supporting more than 60 growth companies.
  • The ERP co-investment in GFF-EIF Growth Facility (Zukunftsfonds - EIF Wachstumsfazilität since 2021) with an aggregate volume of up to EUR 0.4bn, systematically co-funding investments of the GFF-EIF Growth Facility, expanding the scope of the ERP-EIF Facility towards growth and later stages.

The ERP-EIF Facility invests as a fund-of-funds and covers all technology areas including ICT, life sciences, energy related innovations, as well as emerging and converging technologies.

Commitments from the ERP-EIF Facility, often combined with other EIF mandates, aim to support the funding of portfolio companies based or active in Germany. Supported funds are, however, not restricted to investing solely in German companies, and a sizable proportion of the ERP-EIF Facility is being invested through non-German fund managers, aiming to invest in the German venture capital market. Insofar, the ERP-EIF Facility forms, with more than 4 000 SME investments in Germany and across Europe through supported funds, relevant part of the pan-European venture capital ecosystem.

The success of the ERP-EIF Facility speaks for itself: not only did this initiative help reignite the German VC ecosystem since 2004, but its model of developing and deploying local mandates to address specific gaps has been replicated at a regional level in Germany, and in other European markets.

Are you a fund manager interested in partnering with us under the ERP-EIF Facility?

Information for SMEs

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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