€350 million financing of Europe’s first home-grown gigafactory for lithium-ion battery cells

The European Investment Bank has given its in-principle agreement to support the financing of Europe’s first home-grown gigafactory for lithium-ion battery cells, Northvolt Ett, in Sweden. Upon conclusion of a loan agreement, the financing would be supported by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe. The gigafactory will be Read more about €350 million financing of Europe’s first home-grown gigafactory for lithium-ion battery cells[…]

EU supports new fund for early-stage digital companies in central and northern Europe

We are pleased to announce Trind Ventures has concluded the first closing of its new fund at €21 million. The three largest investors in the fund are European Investment Fund (EIF) under the Juncker Plan, LHV pension funds (LHV) and Trind Ventures’ team itself. The fund shall invest into early stage ICT companies in Estonia, Read more about EU supports new fund for early-stage digital companies in central and northern Europe[…]

€ 245 mil. to invest in R&D for energy efficient engines and electric cars

The EIB and Volvo Car Corporation have signed a EUR 245 million loan agreement backing research and development activities in connectivity, efficient petrol hybrid engines, longer-range electric cars and advanced driving assistance systems. The EIB transaction with Volvo Cars was made possible by the European Fund for Strategic Investments (EFSI), which is the central pillar of Read more about € 245 mil. to invest in R&D for energy efficient engines and electric cars[…]

The EU is providing almost €1 billion in financing to Poland to invest in energy networks and scientific research

The European Investment Bank (EIB) is providing a €250 million loan to Energa to upgrade and extend its electricity distribution network in northern and central Poland. The loan is guaranteed by the European Fund for Strategic Investments (EFSI), the central element of the Investment Plan for Europe, the so-called Juncker Plan. With this loan, Energa Read more about The EU is providing almost €1 billion in financing to Poland to invest in energy networks and scientific research[…]

EUR 5 million in loans to around 400 microbusinesses in Luxembourg

The European Investment Fund (EIF) and microlux, a microfinance institution, have signed the first agreement to support microbusinesses in Luxembourg under the EU Programme for Employment and Social Innovation (EaSI). This agreement was made possible by the support of the European Fund for Strategic Investments (EFSI). The EFSI is the central pillar of the Investment Read more about EUR 5 million in loans to around 400 microbusinesses in Luxembourg[…]

Independent evaluation of the Investment Plan reinforces proposal for extension

The European Commission welcomes the independent evaluation of the Investment Plan for Europe published today by EY. The report strengthens the case for reinforcing, extending and expanding the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. The Commission proposed this extension on 14 September in the context of President Read more about Independent evaluation of the Investment Plan reinforces proposal for extension[…]

Support for SMEs and investment platforms are key to implement the European Fund for Strategic Investment at local level

The European Fund for Strategic Investments (EFSI) is benefitting regional economies and communities mostly through massive support for small and medium enterprises (SMEs) and thanks to the first investment platforms involving local actors. This was the main message delivered by the Vice-President of the European Commission Jyrki Katainen to local leaders during the debate promoted Read more about Support for SMEs and investment platforms are key to implement the European Fund for Strategic Investment at local level[…]

Support for SMEs and investment platforms are key to implement the European Fund for Strategic Investment at local level

The European Fund for Strategic Investments (EFSI) is benefitting regional economies and communities mostly through massive support for small and medium enterprises (SMEs) and thanks to the first investment platforms involving local actors. This was the main message delivered by the Vice-President of the European Commission Jyrki Katainen to local leaders during the debate promoted Read more about Support for SMEs and investment platforms are key to implement the European Fund for Strategic Investment at local level[…]