EIB and EIF Unveil €3.6 Billion Financing Package to Boost Clean Transport, Energy, and Automotive Innovation

EIB and EIF Unveil €3.6 Billion Financing Package to Boost Clean Transport, Energy, and Automotive Innovation

(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) have approved new financing initiatives aimed at bolstering clean transport, energy, and innovation projects, as well as enhancing water and sanitation infrastructure in Africa with a total investment of €3.6 billion. In addition, the EIB reaffirmed its support for Europe’s automotive industry—having invested over €11.5 billion in the past five years across the supply chain, from battery production to electric vehicle charging infrastructure. On the EIF side, €2.2 billion was approved for transactions including support for war-affected enterprises in Ukraine under the EU4Business Guarantee Facility, and for deep tech and cybersecurity investments via venture capital funds. These measures are part of the EIB Group’s broader strategy to promote security, technological innovation, and sustainable growth in a volatile global environment, as highlighted by EIB Group President Nadia Calviño.

(PRESS RELEASE) LUXEMBOURG, 13-Apr-2025 — /EuropaWire/ — The Boards of Directors of the European Investment Bank (EIB) and the European Investment Fund (EIF) have approved a series of new financing initiatives designed to bolster economic prosperity, foster innovation, and enhance strategic autonomy across the EU while deepening global partnerships. Among these approvals, the EIB Board authorized €3.6 billion for projects in clean transport, energy, innovation, and for upgrading water and sanitation infrastructure in Africa. The initiative underscores the Bank’s commitment to sustainable growth and resilience in critical sectors.

In addition to the €3.6 billion financing, the EIB reaffirmed its ongoing support for Europe’s automotive industry—a sector that has received over €11.5 billion in financing during the past five years. This continued backing covers investments across the entire automotive supply chain, from battery and component manufacturing to the development of electric vehicle charging infrastructure.

The EIF Board also approved transactions totaling €2.2 billion, including operations under the EU4Business Guarantee Facility to facilitate access to finance for war-affected enterprises in Ukraine. Furthermore, the EIF endorsed equity investments in deep tech and cybersecurity through a pan-European venture capital fund, alongside new mandates aimed at strengthening the venture capital markets in Poland and Spain, particularly for early-stage technology transfers and deep technology investments.

EIB Group President Nadia Calviño commented, “The EIB Group is responding to Europe’s priorities in this volatile international environment by financing projects that enhance security, drive technological innovation, and support critical infrastructure. We remain steadfast in our commitment to backing Europe’s manufacturing champions, with the automotive sector being our second largest focus after energy.”

Overall, the EIB’s new financing covers a range of projects including:

• Over €1 billion allocated to low-emission transport in northern Europe, urban mobility in Germany, and climate resilience initiatives in Poland, as well as upgrading critical transport routes in Malawi.
• Large-scale energy and water investments of €1.4 billion, encompassing research and development in heat pump technology in Poland and Belgium, improvements in water and sanitation in Latvia and Guinea, and an expansion of electricity distribution in Brazil.
• Financing of more than 700 affordable homes in Czechia.
• Fresh investment of €1.1 billion to drive company investments, including small-business financing programmes in Spain and Greece and venture-debt financing for innovations in 3D software, digital health, and resilient agriculture.

These strategic investments are part of a broader effort by the EIB Group to support the EU’s priorities of security, innovation, and sustainable development in a dynamic global landscape.

Background information  

EIB

The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.

The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

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SOURCE: European Investment Bank