Rationale and design of the programme
The InvestEU programme aims to ensure an additional boost to investments fostering recovery, resilience, green growth and employment in the EU over the 2021-2027 period. This goal is achieved by mobilising public and private financing sources, in order to provide long-term funding and support to companies and projects in line with the EU priorities in the current challenging economic and social context.
Furthermore, InvestEU will be an important vehicle to implement the REPowerEU Plan as well as the Green Deal Industrial Plan, aiming to accelerate clean tech and industrial innovation to reach the EU’s 2030 clean energy targets.
The unprecedented domestic and global challenges that the world is currently facing have a significant impact on the EU economy. In order to pave the way to sustained and inclusive growth – while raising our global competitiveness, enhancing socioeconomic convergence and the cohesion of the EU, and advancing the digital and green transitions – the EU needs increased investment, including in innovation, digitisation, the efficient use of resources and upgrading of skills and infrastructure. This, in turn, requires expanding the supply and diversifying the sources of external funding for EU businesses.
The EU intervention can add value by addressing market failures or sub-optimal investment situations (e.g. when, because of its public good nature, the full benefits of given investments cannot be captured by private agents, or the investment produces additional advantages beyond those flowing to the investing company or operator). The EU intervention can also help to reduce the investment gap in targeted sectors (e.g. in investments with a significant cross-border dimension or in sectors, countries, or regions where risk exceeds levels that private financial actors are able or willing to accept). Finally, an EU-level intervention can ensure that a critical mass of resources can be leveraged to maximise the impact of investment on the ground.
By supporting projects that provide EU added value, InvestEU is complementary to Member State investments. In addition, InvestEU provides for economies of scale in the use of innovative financial products by catalysing private investment across the EU.
The mission of InvestEU is to support the EU’s policy objectives through financing and investment operations that contribute to:
- competitiveness, including research, innovation and digitisation;
- employment and growth, its sustainability and its environmental and climate dimension contributing to the achievement of the United Nations sustainable development goals, the objectives of the Paris climate agreement and the creation of high-quality jobs;
- social resilience, inclusiveness and innovation;
- the promotion of scientific and technological advances in culture, education and training;
- the integration of the EU’s capital markets and the strengthening of the single market, including solutions addressing capital market fragmentation, diversifying sources of financing for EU enterprises and promoting sustainable finance;
- the promotion of economic, social and territorial cohesion;
- a sustainable and inclusive recovery after the crisis caused by the COVID-19 pandemic, upholding and strengthening the EU’s strategic value chains and maintaining and reinforcing activities of strategic importance to the EU;
- achieving the EU policy objectives in areas included in the REPowerEU and Green Deal industrial plan.
InvestEU has the following specific objectives:
supporting financing and investment operations related to sustainable infrastructure;
supporting financing and investment operations related to research, innovation and digitisation;
increasing access to and the availability of finance for small and medium-sized enterprises (SMEs) and for small mid-cap companies and enhancing their global competitiveness;
increasing access to and the availability of microfinance and finance for social enterprises, to support financing and investment operations related to social investment, competences and skills, and to develop and consolidate social investment markets.
The InvestEU Fund provides EU guarantees to support eligible financing and investment operations carried out by the implementing partners. In addition, through the InvestEU Advisory Hub, InvestEU provides advisory support for the development of viable projects, access to financing and related capacity-building assistance. Moreover, the InvestEU Portal increases the visibility of investment projects to a large network of investors worldwide.
InvestEU is implemented in indirect management through the European Investment Bank (EIB) Group and other implementing and advisory partners. DG Economic and Financial Affairs is in the lead for the Commission. The programme is bringing together under one roof the multitude of EU financial instruments, budgetary guarantees and advisory services available to support investment in the EU. By providing a budgetary guarantee, InvestEU aims to make EU funding for investment projects in Europe simpler, more efficient and more flexible.
The InvestEU programme consists of:
the InvestEU Fund, the successor of the European Fund for Strategic Investments (EFSI) and other 13 centrally-managed financial instruments. It operates through four policy windows that address market failures or sub-optimal investment situations within their specific scope;
the InvestEU Advisory Hub, the successor of the European Investment Advisory Hub (EIAH) and other 12 centrally-managed advisory programmes/initiatives; and
the InvestEU Portal, the successor of the European Investment Project Portal (EIPP).
The InvestEU programme, including the InvestEU Fund, is a demand-driven instrument, responding to the investment and finance needs of public and private market participants. Finance supported by the InvestEU Fund should support financing and investment operations with a higher risk profile that require risk-sharing through the EU budget, in order to unlock additional private and public finance. The programme aims at contributing to the necessary conditions for the competitiveness of the EU economy and industry (in accordance with Article 173 of the Treaty on the Functioning of the European Union). This is done by providing financial products designed to address EU-wide and Member State specific market failures and suboptimal investment situations, which cannot be sufficiently achieved by the Member States, but can rather be better realised at EU level.
In the context of the InvestEU programme, the Commission may implement blending operations (referred to in Article 6 of the InvestEU regulation) supported by different EU programmes and funds.
In accordance with Article 10 of the InvestEU regulation, Member States can also contribute on a voluntary basis to the InvestEU Member State compartment with Recovery and Resilience Facility funds, structural and cohesion funds as well as Member State own contributions.
The provisioning amounts for the InvestEU Fund are gradually allocated to the InvestEU specific compartments of the Common Provisioning Fund (CPF) referred to in Article 212 of the Financial Regulation. The CPF constitutes a liquidity cushion from which calls on the EU guarantee are to be paid. The resources of the CPF are directly managed by the Commission. For the receipt of the relevant amounts needed for the provisioning of the EU guarantee implemented under the blending operations and also for the ones related to the InvestEU Member State compartments, separate compartments were added under the InvestEU programme in the CPF.
![InvestEU - Visual representation of structural set-up 1](/sites/default/files/styles/embed_large/public/2023-04/04%20-%20InvestEU%20visual%201.jpg?itok=DmU6i-1T)
![InvestEU fund general scheme](/sites/default/files/styles/embed_large/public/2024-05/Picture1.png?itok=N9MzwmF4)
The InvestEU programme is the successor of the Investment Plan for Europe. It consolidates nearly 30 financial instruments, budgetary guarantees and advisory initiatives deployed under the 2014-2020 multiannual financial framework in various policy areas, in particular in infrastructure, research and innovation, SMEs and social policy.
Programme website:
Impact assessment:
- the impact assessment accompanying the proposal for a regulation of the European Parliament and of the Council establishing the InvestEU can be consulted through this link.
Relevant regulation:
Evaluations:
- Ex-post evaluation of the European Fund for Strategic Investments (EFSI), the European Investment Advisory Hub (EIAH) and the European Investment Project Portal (EIPP) (europa.eu) concluded in December 2022. Last evaluation of the ELENA Facility was concluded in June 2019. Since 2022, ELENA Facility is integrated in the InvestEU Advisory Hub.
Budget
Budget programming (million EUR):
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![more or less](/sites/default/files/2022-11/more_or_less_small_0.png)
Financial programming:
+ EUR 380.1 million (+ 12%)
compared to the legal basis*
* Top-ups pursuant to Article 5 of the multiannual financial framework regulation are excluded from financial programming in this comparison.
- Compared to the reference amount from the legal basis (EUR 3 067.71 million), the InvestEU appropriations include the amounts for 2021 and 2023 stemming from (i) the Cohesion and other additional Member State contributions to the InvestEU Fund under the Member State compartments and to the InvestEU Advisory Hub, (ii) the EFTA contributions as well as (iii) the assigned revenues (reflows) from the predecessor legacy instruments for the InvestEU Fund. In addition, InvestEU contributed about EUR 372 million for the European Investment Fund (EIF) capital increase, in 2021, as planned under the InvestEU regulation.
- The frontloading of the financial programming of the InvestEU programme is mainly related to the strict deadlines applicable to the Next Generation EU (NGEU) funds, under which implementing partners need to approve financing and investment operations corresponding to 60% of the NGEU budget by the end of 2022 and to 100% of the NGEU budget by the end of 2023. Also, overall considering the narrow ceilings over the whole multiannual financial framework period, it was necessary to start building up the provisioning in the first 3 years to spread this over the whole period while respecting the annual ceilings of the multiannual financial framework.
- On top of the 7 guarantee agreements signed with implementing partners in 2022 amounting to EUR 21 billion, the Commission has signed guarantee agreements under EU Compartment with seven new implementing partners in 2023 for a total guarantee amount of more than EUR 1.9 billion. Moreover, eight amendments of guarantee agreements were signed with existing implementing partners in 2023.
- An amount of EUR 257.7 million were transferred to InvestEU in 2023 including: (i) EUR 201 million under the InvestEU Guarantee – Greece, Finland, Bulgaria, Malta and Romania compartments of the CPF, (ii) EUR 2.93 million under the InvestEU Advisory Hub as external assigned revenues from Greece for the Member State compartment, and (iii) EUR 53.77 million in commitment appropriations from the EFTA countries (Norway and Iceland) for the InvestEU Fund, the Portal and ancillary measures and the support expenditure budget.
Budget performance – implementation
Multiannual cumulative implementation rate at the end of 2022 (million EUR):
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Annual voted budget implementation (million EUR)(1):
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- The regulation establishing the InvestEU programme was adopted on 24 March 2021.
- Under the InvestEU Fund, the EU provides funding support through an EU budgetary guarantee of EUR 26.2 billion covering potential losses to the implementation partners.
- The budgetary guarantee is underpinned by an EU budget of EUR 10.46 billion, applying a guarantee provisioning rate of 40%. Starting with 2023, the complementary contributions received from two EFTA countries (Norway and Iceland) increased the EU guarantee and the provisioning for the InvestEU Fund. These contributions are part of the EU compartment of the Common Provisioning Fund (CPF).
- In total, as of end-2023, 90% of the EUR 26.2 billion EU Guarantee has already been signed with Implementing Partners through Guarantee Agreements. The guarantee agreement with the EIB and the EIF (representing a 75% share of the EU budget guarantee, i.e. EUR 19.6 billion) was signed in March 2022. In total 12 guarantee agreements with other implementing partners under the EU-compartment were signed as of end-2023 (under which EUR 3,61 billion of EU Guarantee was allocated). In 2023, guarantee agreements were signed with: Instituto de Crédito Oficial (ICO, Spain) Cassa Depositi e Prestiti CDP SpA (Italy), Bpifrance (France), Bank Gospodarstwa Krajowego (BGK, Poland), Invest-NL (Netherlands), Garantiqa (Hungary) and PMV (Belgium) as well as several amendments to the already existing guarantee agreements. Two more guarantee agreements were signed under the MS-compartment in 2023 with the Bulgarian Development Bank (BDB) and Národní rozvojová banka (NRB) under which EUR 205 million were made available to guarantee InvestEU operations.
- As of end-2023, the volume of approved operations by Implementing partners was EUR 42.9 billion corresponding to 600 InvestEU operations21. The volume of operations signed amounted to EUR 19.2 billion, of which EUR 7.6 billion corresponding to the EU guarantee.
- In 2023 the EUR 2.96 billion commitments included the provisioning of the Common Provisioning Fund under the EU compartment, from which future calls on the EU guarantee are to be paid. This amount includes EUR 339.7 million from the EU general budget, EUR 2.42 billion from Next Generation EU and EUR 147.9 million internal assigned revenue from predecessor financial instruments and the InvestEU Fund. Furthermore, EUR 53.6 million was committed as external assigned revenues from the EFTA contribution to the InvestEU Fund, in particular EUR 50.6 million from Norway’s contribution and EUR 3 million from Iceland’s contribution.
- In 2023, EUR 249.4 million commitments were carried out under the blending operations that combine InvestEU support with support provided under other EU programmes (including Digital Europe Programme, European Space Programme, European Maritime Fisheries and Aquaculture Fund, Creative Europe Programme, EU4Health Programme and European Defence Fund), allocated to the EIB and the EIF for top-up operations. In addition, EUR 50 million were allocated from Horizon Europe to the EIB for non-repayable transactions under the ‘green premium agreement’.
- Negotiations with several Member States concerning contributions to the Member State compartment of InvestEU were also successfully concluded in 2022 and 2023. Six contribution agreements were signed with Romania, Bulgaria, Greece, Czechia, Finland and Malta. For the receipt of the relevant amounts needed for the provisioning of the EU guarantee implemented under the InvestEU Member State compartment, in 2022 and 2023 CPF compartments for were also set up for the six Member States. The Member State compartment was included in the Guarantee Agreements signed with EBRD and EIF. Moreover, separate Guarantee Agreements were signed in 2023 with BDB (Bulgaria) and NRB (Czechia) to implement Financial Products under the Member State Compartment.
- Under the InvestEU Guarantee (Member State compartments of the CPF), EUR 201 million was transferred as external assigned revenue from five Member States (Romania, Greece, Finland, Bulgaria and Malta), according to the schedules laid down in the signed contribution agreements. Also, as set out in the adopted partnership agreements and signed contribution agreements, the following appropriations were transferred in 2023 as contributions to the InvestEU Fund: EUR 15.8 million from the European Regional Development Fund for two Member States (Czechia and Malta).
- In 2023, the following commitments (including resources from Next Generation EU) were made: EUR 53.4 million for the InvestEU Advisory Hub, the InvestEU Portal and accompanying measures, and EUR 1.7 million for support expenditure. In addition, under the advisory agreement with the EIB, funds from several EU programmes were committed for a total envelope of EUR 35.4 million.
Contribution to horizontal priorities
Green budgeting
Contribution to green budgeting priorities (million EUR):
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- InvestEU places significant emphasis on investments that have a positive impact on the climate and the environment. The programme aims to allocate 30% of its overall financial envelope to climate objectives, while 60% of investments from the sustainable infrastructure window will support the EU objectives on climate and the environment. These targets provide strong incentives for financial institutions to develop financial products, in line with the climate ambition of the programme.
- Overall, InvestEU is expected to help mobilise more than EUR 110 billion to meet EU climate goals. For example, at present, the European Investment Bank is already deploying a dedicated ‘green transition product’. The Nordic Investment Bank will provide loan financing to several renewable energy projects (notably wind power) in the Nordic and Baltic countries.
- To guide the implementation of the InvestEU financial products, the Commission has published sustainability proofing guidance (3) and climate- and environment-tracking guidance (4). Investments above EUR 10 million will be subject to sustainability proofing to identify, assess and mitigate climate, environmental or social risks. All InvestEU-supported investment will be tracked in terms of environmental and climate impact against the methodology issued by the Commission. Both guidance documents integrate, where possible, the EU taxonomy framework. InvestEU implementing partners have a choice to track the achievement of the climate and environmental targets under the sustainable infrastructure window using the EU-taxonomy-aligned criteria or the InvestEU climate and environmental markers. As of 31 December 2023, 36% of the aggregate InvestEU signed financing was tracked using EU-taxonomy-aligned criteria for the purpose of the determination of the climate and environmental objectives (5). The EU-taxonomy-compliant financing for the implementing partners who use the EU-taxonomy-aligned criteria amounts to 80% of their volume of signed InvestEU operations.
- For the purpose of clean air tracking, InvestEU assigns a 40% coefficient to the amounts reported on climate mitigation and pollution interventions, which amounts to EUR 8 554.72 million of signed InvestEU financing supporting these specific objectives. Therefore, the estimated EU contribution to clean air stands at EUR 539.14 million.
- The reported investment on biodiversity (amounting to EUR 37.6 million) results in an estimated EU contribution of EUR 5.92 million.
- In addition to these ambitious climate targets, the InvestEU Fund set up a dedicated scheme to generate additional investment for the benefit of just transition territories – those territories that will be the most affected by the socioeconomic consequences of the green transition – as a complement to the Just Transition Fund and the public sector loan facility. The investments supporting just transition backed by InvestEU amount to EUR 1.5 billion as of the end of 2023.
(1) EUR-Lex - 52021XC0713(02) - EN - EUR-Lex (europa.eu).
(2) InvestEU C&E T C_2021_3316_Main & Annexes_EN.pdf (europa.eu).
(3) InvestEU implementation is currently in a ramp-up phase, and the InvestEU climate and environmental targets apply at the end of the signature period. Any results are therefore preliminary indications of the progress made so far.
Gender
Contribution to gender equality (million EUR) (*):
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- In 2023, the InvestEU programme as a whole obtained a score of 0*.
Specific parts of the programme could have received a higher score based on their contribution to gender equality, however the EU budget allocated to these initiatives is not available. These initiatives include the following.
- The gender smart advisory initiative, which aims to provide tailored advice and capacity-building to improve access to financing for female-founded and female-led companies. Its key objectives include increasing female representation in the investment community (notably by identifying barriers, strengthening women’s capacity, challenging unconscious biases, etc.), and increasing awareness of the funding gap and of missed opportunities. This will be achieved through the organisation of workshops or networking events and through collaboration with existing initiatives of the Commission, the European Investment Bank Group or the wider entrepreneurship and investment community.
European Investment Fund equity financing, where gender smart financing is one of the horizontal topics implemented across the different thematic policy areas supported by the fund’s equity products:
- the infrastructure and climate funds product of the sustainable infrastructure window / social investment and skills window;
- the intermediated equity product of the joint ‘Small and medium-sized enterprises / research, innovation and digitalisation’ window;
- the social impact equity product of the social investment and skills window.
The Commission and the European Investment Fund defined gender criteria with respect to equity intermediaries, focusing on leadership aspects captured at different levels. If an intermediary complies with these criteria, InvestEU can finance up to 50% of the total commitments of the fund (as opposed to 25%).
In addition, the indicative goal of the joint ‘Small and medium-sized enterprises / research, innovation and digitalisation’ window intermediated equity product (under which the European Investment Fund is expected to build a portfolio of investments of around EUR 5.5 billion) is for 25% of all its intermediaries to follow InvestEU’s leadership gender criteria, including (1) a management team composed of at least one third of female partners, (2) 40% female representation in the senior investment team, and (3) at least 40% female representation in the investment committee.
Digital
Contribution to digital transition (million EUR):
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(*) The digital contribution of InvestEU is estimated by dividing the mobilised amount of investment supporting digitalisation by the overall InvestEU multiplier (i.e., the ratio between expected investment mobilised and the total amount of the EU guarantee under InvestEU) and by multiplying the result by the average InvestEU provisioning rate of 40%.
- As of the end of 2023, InvestEU had mobilised EUR 6.58 billion worth of operations supporting digitalisation.
- The EUR 3.64 billion allocated to the ‘Innovation and digitalisation guarantee’ financial product of the SMEs window will support innovation- and digitalisation-driven SMEs and small mid-caps. The EU guarantee will support, among other things, innovative business models, supply chain management, the acquisition of digital skills and support to service providers that enable and support companies in the digitalisation of value chains, as long as these service providers focus predominantly on the provision and adoption of digital products and services.
- Moreover, the joint ‘Small and medium-sized enterprises / research, innovation and digitalisation’ window equity product to be implemented by the European Investment Fund includes a sub-product that supports investments fostering the development of digital, cultural and creative industry solutions.
- Almost all financial products of implementing partners supported by the InvestEU Fund address several policy goals allowing for synergies between them. Implementing partners notably provide finance for investments that target research and climate action, social infrastructure and energy efficiency, SMEs and research/ innovation or infrastructure and digitalisation. Gender equality is applied as a horizontal priority throughout the intermediated equity products, combined for example with climate or social infrastructure goals of investment funds.
Budget performance – outcomes
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Link to file with complete set of EU core performance indicators
- The performance of the InvestEU programme must be measured against the fact that the InvestEU regulation was adopted with some delay in March 2021. Based on this and due to other circumstances, most of the guarantee agreements with implementing partners under the InvestEU Fund were only signed in late 2022 and during 2023. Therefore, financing for investments supported by the EU guarantee has progressed, but the impact of supported investments and their concrete contribution to InvestEU objectives, as captured by the key performance indicators, will only be visible at a later stage.
- Implementing partners other than the European Investment Bank Group have been selected through a public call for expression of interest, followed by negotiations of individual guarantee agreements. Opening up the InvestEU programme to other implementing partners than the European Investment Bank Group widens the geographical coverage of the InvestEU programme, expands the pipeline of projects seeking financing and diversifies the risk at both the portfolio and the programme levels.
- In 2023, the Investment Committee of the InvestEU Fund held 12 operational meetings, approving an EU guarantee amount of EUR 9.7 billion for 120 operations (including framework operations) coming from all the implementing partners, with a majority from the European Investment Bank Group. Furthermore, in 2023 10 operations under the InvestEU Member State compartment were approved (from Bulgaria, Greece, Romania and Finland).
- By the end of 2023, the InvestEU programme had enabled the implementing partners to approve EUR 42.9 billion for investment operations (including framework operations), of which EUR 19.2 billion have already been signed. Financing provided by the InvestEU implementing partners included investments in key policy areas of the InvestEU programme under all four policy windows, supporting financing for renewable energy, research, development and innovation, and production of low-carbon technologies, support for SMEs as well as social infrastructure and social impact investments. Those investments financed with InvestEU support directly contribute to the EU's policy objectives in the area of low-carbon energy, energy security and accelerating the green transition, thus helping to reach the policy goals stipulated in the repowerEU plan.
- In addition to the climate-related results of the InvestEU programme (i.e. a 53.47% InvestEU contribution to climate objectives as of the end of 2023 based on the volume of signed operations), the implementing partners will also report on the estimated reduction of greenhouse gas emissions and energy savings. At the end of 2023, implementing partners estimated that the operations funded with the support of InvestEU will avoid 20.8 million tonnes of carbon dioxide emissions, while generating an estimated 230.7 million kilowatt-hours of energy savings (25). An illustrative example of a climate related project supported under InvestEU which contributes to the reduction of greenhouse gas emissions is ‘H2Battery’, which focused on a technology that provides a fully flexible, efficient and scalable integrated battery and electrolyser solution.
- As part of the planned roll-out of InvestEU, a number of financial products established under InvestEU would allow specific support for investments in the digital transition. At the end of 2023, an estimated EUR 6.58 billion of investment had been mobilised to support digitalisation. Projects include network expansion to provide fibre connectivity, like ‘Odyssey Network Expansion’ in Ireland and ‘Fibre Optic Network Expansion Poland’, along with investments in funds targeting the digital economy or financing schemes to support medium-sized enterprises and small mid-caps to help with their digital and environmental changeover.
- Measures have been taken to accelerate the financing of investments by implementing partners. These include the ‘warehousing’ of eligible financing and investment operations signed by the European Investment Bank Group and other implementing partners before the signature of the guarantee agreement, along with the use of framework operations for projects that have similar characteristics.
- The Commission supports the implementation of InvestEU through a number of communication activities, particularly those shown below.
- Press releases, memos and replies to journalists.
- Social media posts and the dedicated InvestEU website (https://investeu.europa.eu/index_en).
- InvestEU ‘roadshow’ events organised virtually and/or physically in each Member State, in collaboration with the European Investment Bank Group and other implementing partners. There were 23 roadshow events in 2022 and another nine in 2023, and these events also included Iceland and Norway.
- The first InvestEU success story video was produced in 2023, covering case studies from the fund and the advisory hub across different sectors and Member States.
- A bi-monthly InvestEU newsletter has been circulated since 2023, informing readers about newly approved and signed projects, programme implementation updates and InvestEU-related events.
- A dedicated high-level event, ‘InvestEU: Financing Europe’s Future’, took place on 23 January 2024 in Brussels, Belgium. After the launch of the InvestEU programme in March 2021, the event in January 2024 showcased the first achievements and early impacts of the programme, based on feedback from implementing partners, beneficiaries and stakeholder organisations.
- Concerning the InvestEU Advisory Hub, the advisory agreement with the European Investment Bank was signed in March 2022. Advisory agreements with Cassa Depositi e Prestiti (Italian National Promotional Institution), Bpifrance and the Caisse des Depôts et Consignations (France) were signed between July and November 2022. Additional agreements with the Council of Europe Development Bank and the European Bank for Reconstruction and Development were signed in early 2023. Also in 2023, the hub dealt with more than 1 300 requests coming directly from the central entry point for advisory requests or sourced by the advisory partners themselves. More than 800 of them have already been turned into ongoing or completed advisory assignments.
- The InvestEU Portal website was launched in April 2021. In 2023, 643 new projects were received, out of which 468 projects were published. By the end of 2023, the portal had provided access to 1 518 investment opportunities and more than 140 projects had received financing after being published on the portal. The portal co-organised two major events with the European Business Angels Network, which brought together more than 600 business leaders, early-stage investors, business angels, venture capitalists, entrepreneurs, accelerators, seed funds and start-ups. In addition, four virtual e-pitching events were held in cooperation with EuroQuity on the following subjects: digital economy and technologies, climate technology solutions, women entrepreneurs in health technology and the circular economy, energy and sustainable solutions. Communication efforts and promotional activities are ongoing to improve the visibility of the portal, such as the participation and co-organisation of matchmaking events and other campaigns.
Sustainable development goals
Contribution to the sustainable development goals
SDGs the programme contributes to | Example |
---|---|
SDG1 End poverty in all its forms everywhere |
The InvestEU programme supports the economic progress through micro-entrepreneurship that contribute to alleviating the poverty. Moreover, 3167 social or affordable housing units were built or renovated through InvestEU support since the start of the implementation of the programme in 2022. |
SDG3 Ensure healthy lives and promote well-being for all at all ages |
InvestEU aims to contribute to better healthcare through investments in rehabilitation and expansion of health infrastructure and through financial support dedicated to medical research. For example, InvestEU finances a project that covers construction of 12 new long-term care centres, three rehabilitation hospitals and four assisted living facilities in Spain. |
SDG4 Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all |
The InvestEU support for inclusive and equitable education and lifelong learning opportunities is channelled via social investments for educational purposes including education supported infrastructure. As of end-20223, 9 732 individuals have benefitted from educational programmes financed under InvestEU. |
SDG5 Achieve gender equality and empower all women and girls |
InvestEU aims to provide tailored advisory support and capacity building to improve access to finance for female-founded and female-led companies. The Programme has backed total investments of EUR 2.4 billion supporting gender equality as of end-2023. |
SDG6 Ensure availability and sustainable management of water and sanitation for all |
The InvestEU operations contribute to the sustainable management of water resources by helping projects in the fields of water supply and wastewater treatment. As of 31 December 20232, implementing partners signed around EUR 60 million of operations supporting water resources. |
SDG7 Ensure access to affordable, reliable, sustainable and modern energy for all |
Through the energy efficiency measures of the InvestEU supported projects, the programme has contributed to the production of over 27 269 MW of electricity from renewable energy sources. |
SDG8 Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all |
The InvestEU projects can support meaningful advancements towards promoting sustained, inclusive and sustainable economic growth and full and productive employment and decent work for all. |
SDG9 Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation |
Several implementing partners (for instance the EIB Group, EBRD, NIB and CEB, among others) under the InvestEU Fund will finance innovative projects and companies as well as sustainable infrastructure investments, thus building resilient infrastructure, promoting sustainable industrialization and fostering innovation. |
SDG10 Reduce inequalities within and among countries |
The InvestEU Advisory Hub is providing advisory support for investment project especially in countries where the financing via the capital market is the less developed. |
SDG11 Make cities and human settlements inclusive, safe, resilient and sustainable |
The dedicated investments in economic and social infrastructure projects under InvestEU support advancement towards promoting resilient and inclusive infrastructure, and further efforts to support service-rich integrated infrastructure projects would contribute to inclusive and sustainable cities. |
SDG12 Ensure sustainable consumption and production patterns |
The InvestEU support to inclusive business practices and SME growth and development could also contribute to promoting sustainable production and consumption practices. |
SDG13 Take urgent action to combat climate change and its impacts |
Several implementing partners (for instance EIB Group, EBRD, NIB and CDC, among others) will finance clean energy investments with low or zero emissions, thus combating climate change and its impacts. |
SDG14 Conserve and sustainably use the oceans, seas and marine resources for sustainable development |
InvestEU is providing support to activities related to the sustainable use of marine resources, aquaculture and other elements of the wider bioeconomy. |
SDG15 Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss |
InvestEU will contribute to sustainable forest management in line with the biodiversity-related priority areas which are to be supported under various financial products deployed under the InvestEU programme. |