Today, the European Union reached a major milestone in the implementation of the InvestEU programme with the signature of the Guarantee and Advisory Hub Agreements between the European Commission, the European Investment Bank (EIB) and the European Investment Fund (EIF).

The InvestEU programme is a key pillar of the European Union's largest-ever stimulus package to recover from the COVID-19 pandemic and help build a greener, more digital, and more resilient European economy.  It can also support the European economy in addressing new challenges arising from major uncertainties linked to the global and security outlook.

InvestEU consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. By providing a €26.2 billion EU budgetary guarantee to support finance and investment operations, the InvestEU programme will attract public and private financing aiming to mobilise at least €372 billion in additional investment by 2027, benefitting people and businesses across Europe. Beyond securing significant investment volumes, it will focus on enabling the financing of investments that provide the highest impact for the target policy objectives.

The EIB Group (comprised of the EIB and EIF) will implement 75% of the EU budget guarantee (€19.65 billion) and the same share of the advisory budget under the InvestEU Advisory Hub. Further to the EIB and EIF, who are the main implementing partners, international financial institutions active in Europe and national promotional banks will be able to use a share of the guarantee (25% in total) to support investment and projects schemes. The first InvestEU projects are expected to receive an InvestEU Guarantee as soon as April, after having been presented to the Investment Committee.

Image © European Commission