How Sweden ranks within EU countries
Total investment
March 2022
Total financing under the European Fund for Strategic Investments (EFSI) in Sweden amounts to €3.7 billion and is set to trigger €14.6 billion in additional investments
Infrastructure and innovation projects
- 41 approved projects financed by the European Investment Bank (EIB) with EFSI backing
- approximately €3 billion in total financing
- set to trigger €12.5 billion in total investment
Small and medium enterprises (SMEs)
- 16 approved agreements with intermediary banks financed by European Investment Fund (EIF) with EFSI backing
- €717 million in total financing
- set to trigger approximately €2.2 billion in investments with some 12,937 SMEs and mid-cap companies expected to benefit from improved access to finance
Examples of projects supported by the Investment Plan in Sweden
Next generation mobile technology: ERICSSON 5G
The EIB is lending €250 million to Swedish telecom company Ericsson to help finance its research and development into the fifth generation of mobile telecommunications systems. 5G is at the very forefront of innovation and therefore requires heavy investment due to its ground-breaking and future-looking nature. 5G networks will provide the future backbone of our societies and economies, connecting billions of objects and systems, including sensitive information and communication technology systems in critical sectors. The financing will enable Ericsson to develop new software and hardware, supporting hundreds of highly-skilled jobs.
Lithium-ion battery gigafactory: NORTHVOLT
A €350 million loan is enabling Northvolt to build the first European gigafactory for lithium-ion battery cells, Northvolt Ett, in Sweden. The batteries from Northvolt Ett are targeted for use in automotive, grid storage, and industrial and portable applications. The gigafactory will be constructed in Skellefteå in northern Sweden using 100% renewable energy within its production processes. Ramping up to full capacity, Northvolt Ett will produce 32 GWh of battery capacity per year.
Water-saving solution: ORBITAL
Orbital is a technology company in Sweden that has developed a water-saving solution for showers, saving up to 90% of water and 80% of energy compared to a conventional shower. Water that would normally go down the drain is cleaned and re-used in the same shower cycle, after being purified by a micron filter and a UV light to neutralise bacteria. Orbital secured a €15 million loan from the EIB under the Juncker Plan in order to step up the commercialisation of its product and continue its research and development.
Renewable energy: NORTH POLE ONSHORE WIND FARM
The EIB is providing €100 million guaranteed by the Juncker Plan for the construction and operation of the largest onshore wind farm on European territory to date. 179 wind turbines are being built near the Northern Swedish city of Piteå, close to the Arctic Circle. Equipped with de-icing technology, the turbines feature 137 metre rotors and are ideally suited for the project site’s wind speeds and climate.
Accessible travel booking platform: HANDISCOVER
Handiscover is a Swedish start-up dedicated to helping people with physical disabilities find and book travel and accommodation suited to their needs. The company secured a loan from Almi Företagspartner which is backed by the Juncker Plan. The money has allowed the company to improve its online booking system and further develop its marketing strategy. Handiscover are now planning to hire additional employees and widen its travel options throughout Europe.
Full list of EFSI-backed projects approved by the EIB
Full list of EFSI-backed agreements with financial intermediaries signed by the EIF