EIB’s green light to 8.6 billion funding for innovation, renewable energy, education and water
The Board of Directors of the European Investment Bank (EIB) approved a new 8.6 billion euros financing designed to accelerate innovation, water, energy, education, health and housing investment across Europe and around the world.
Projects backed by EIB are aimed to secure access to finance, water and clean energy for millions of people, including in communities most impacted by a changing climate. A total amount of 4.7 billion euros will be allocated to corporate innovation and business investment. More than 3.2 billion euros will be available in the form of new venture debt financing through streamlined corporate financing to be rolled out of the coming years to support development of future technologies, green innovation, life science and health invest