BEOGRAD – The European Investment Bank (EIB) has announced that member states, as shareholders of the EIB Group, have approved a historic financing ceiling of 100 billion euros for this year, along with new initiatives intended to enhance competitiveness, technological leadership, and security across Europe.
The new financing limit for 2025, set at 100 billion euros, was established following a semi-annual review of the organization’s operational strategy. This includes increasing the share of security and defense funding to 3.5 percent of total financing, record investments exceeding 11 billion euros in electricity grids and energy storage throughout Europe, and expanded support for technological and industrial innovation within the EU. The EIB Group is also launching the largest EU financing initiative to date to foster innovation and technological prowess, with the aim of attracting talent, capital, and investment to Europe. The TechEU program will allocate 70 billion euros in equity, quasi-equity, loans, and guarantees from the EIB Group from 2025 to 2027, with goals of harnessing private capital to generate at least 250 billion euros in investments. To provide liquidity and working capital for innovative small and medium-sized enterprises focused on green technology development, the EIB and the Commission are introducing the CleantechEU guarantee program valued at 250 million euros, alongside an additional initiative aimed at supporting wind turbine and component manufacturers with 1.5 billion euros.
The EIB statement also highlighted that prior to the Board of Governors meeting, the boards of directors of the EIB and EIF approved new projects totaling 12.8 billion euros during last week’s sessions, focusing on bolstering defense capabilities, competitiveness, energy security, and global partnerships for Europe. (June 24)
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