An independent Investment Committee approves the use of the EU guarantee for financing and investment operations proposed by the implementing partners, taking its decision on the basis of the due diligence presented by the implementing partner in the so-called scoreboard and guarantee request form. In doing this, it verifies the compliance with the regulation and the investment guidelines, giving particular attention to the requirements of (i) additionality and (ii) crowding in private investment, as well with all the other relevant prerequisites.
The Investment Committee meets in four different configurations, corresponding to the four policy windows. The Investment Committee is fully independent. When participating in the activities of the Investment Committee, its members, who have experience in investment in sectors covered by the relevant policy window, perform their duties impartially and in the sole interest of the InvestEU Fund.
EU guarantee approvals
Aggregated maximum size of approved EU guarantee (EU compartment): €27.5 billion (as of April 2026)
Amendment for meeting in 2022- 2025: EU Guarantee approvals for projects previously subject to a confidentiality agreement, as of 30 September 2025
Amendment for meetings in 2022-2025: EU Guarantee approvals previously subject to a confidentiality agreement, as of 31 March 2025
Amendment for meetings in 2022-2024: EU Guarantee approvals previously subject to a confidentiality agreement, by 30 September 2024
Amendment for meetings no 3, 6, 14, 16, 18, 20 and 21: EU Guarantee approvals previously subject to a confidentiality agreement, by 31 March 2024
Meeting no 52 – EU Guarantee approvals – 15-16 April 2026
Meeting no 51 – EU Guarantee approvals – 19-20 March 2026
Social Investment and Skills Window
Meeting no 50 – EU Guarantee approvals –19 February 2026
Meeting no 49 – EU Guarantee approvals – 27 January 2026
Meeting no 48 – EU Guarantee approvals – 12 December 2025
Meeting no 47 – EU guarantee approvals – 04-05 December 2025
Sustainable Infrastructure Window
Research, Innovation and Digitisation Window
Meeting no 46.1 – EU guarantee approvals – 04 December 2025
Social Investment and Skills Window
Meeting no 46 – EU guarantee approvals – 6-7 November 2025
Research, Innovation and Digitalisation Window
Meeting no 45 – EU Guarantee approvals – 14 October 2025
Sustainable Infrastructure Window
Research, Innovation and Digitisation Window + Sustainable Infrastructure Window
Meeting no 44.1 - EU Guarantee approvals – 23 September 2025
Sustainable Infrastructure Window
Meeting no 44 – EU Guarantee approvals – 15-16 September 2025
Sustainable Infrastructure Window
Sustainable Infrastructure Window and Small and Medium Enterprises Window
Small and Medium Enterprises Window
Social Investment and Skills Window
Meeting no 43.1 – EU Guarantee approvals – 25 August 2025
Sustainable Infrastructure Window
Meeting no 43 – EU Guarantee approvals – 11 July 2025
Sustainable Infrastructure Window
Research, Innovation and Digitisation Window + Small and Medium Enterprises Window
Meeting no 42.1 – EU Guarantee approvals – 2 June 2025
Sustainable Infrastructure Window
Meeting no 42 - EU Guarantee approvals 11-13 June 2025
Sustainable Infrastructure Window
Research, Innovation and Digitisation Window
Social Investment and Skills Window
Sustainable Infrastructure Window + Social Investment and Skills Window
Research, Innovation and Digitisation Window + Sustainable Infrastructure Window
Small and Medium Enterprises Window + Research, Innovation and Digitisation Window
Meeting no 41 – EU Guarantee approvals – 13 May 2025
Sustainable Infrastructure Window
Sustainable Infrastructure Window + Research, Innovation and Digitisation Window
Research, Innovation and Digitisation Window
Research, Innovation and Digitisation Window + Small and Medium Enterprises Window
Meeting no 40 – EU Guarantee approvals – 7 May 2025
Social Investment and Skills Window
Meeting no 39 - EU Guarantee approvals – 3 April 2025
Meeting no 38 – EU Guarantee approval - 11-12 March 2025
Small and Medium Enterprises Window
Sustainable Infrastructure Window and Small and Medium Enterprises Window
Meeting no 37 – EU Guarantee approvals – 30-31 January 2025
Meeting no 36 - EU Guarantee approval 16 December 2024
Research, Innovation and Digitisation Window
Small and Medium Enterprises Window
Sustainable Infrastructure Window and Small and Medium Enterprises Window
Meeting no 35 - EU Guarantee approvals 5-6 December 2024
Sustainable Infrastructure Window
Research, Innovation and Digitisation Window
Social Investment and Skill Windows
Meeting no 34.2 – EU Guarantee approvals – 26 November 2024
Social Investment and Skills Window
Meeting no 34.1 – EU Guarantee approvals – 25 November 2024
Social Investment and Skills Window
Meeting no 34 – EU Guarantee approvals – 14-15 November 2024
Sustainable Infrastructure Window
Research, Innovation and Digitisation Window
Sustainable Infrastructure Window and Small and Medium Enterprises Window
Meeting no 33 – EU Guarantee approvals - 29 October 2024
Social Investment and Skill Windows
Small and Medium Enterprises Window
Sustainable Infrastructure Window
Meeting no 32 – EU Guarantee approvals – 10-11 October 2024
Sustainable Infrastructure Window
Sustainable Infrastructure Window and Small and Medium Enterprises Window
Sustainable Infrastructure Window and Social Investment and Skills Window
Meeting no 31.1 – EU Guarantee approvals 24 September 2024
Sustainable Infrastructure Window
Meeting no 31 – EU Guarantee approvals 12 September 2024
Sustainable Infrastructure Window
Meeting no 30.1 – EU Guarantee approvals 17 July 2024
Sustainable Infrastructure Window
Meeting no 30 – EU Guarantee approvals – 11-12 July 2024
Social Investment and Skills Window
Sustainable Infrastructure Window
Research, Innovation and Digitisation Window
Meeting no 29.1 - EU Guarantee approvals 28 June 2024
Sustainable Infrastructure Window
Meeting no 29 - EU Guarantee approvals 13-14 June 2024
Social Investment and Skills Window
Sustainable Infrastructure Window
Research, Innovation and Digitisation Window
Meeting no 28 – EU Guarantee approvals – 16 May 2024
Sustainable infrastructure Window
Meeting no 27 – EU Guarantee approvals – 29-30 April 2024
Social Investment and Skills Window
Sustainable Infrastructure Window and Small and Medium Enterprises Window
Meeting no 26 – EU Guarantee approvals – 17 April 2024
Research, Innovation and Digitisation and SME Windows (RIDW-SMEW)
Meeting no 25.1 – EU Guarantee approvals – 8 April 2024
Sustainable Infrastructure Window
Meeting no 25 – EU guarantee approvals – 14-15 March 2024
Sustainable infrastructure Window
Small and Medium Enterprises Window
Meeting no 24 – EU guarantee approvals – 1 February 2024
Small and Medium Enterprises Window
Sustainable Infrastructure Window + Small and Medium Enterprises Window
Meeting no 23 – EU guarantee approvals 24 - 25 January 2024
Sustainable Infrastructure Window
Meeting no 22 - EU guarantee approvals 18 December 2023
Research, Innovation and Digitalisation Window
Sustainable infrastructure policy window
Meeting no 21 - EU guarantee approvals 6-8 December 2023
Research, Innovation and Digitalisation Window
Sustainable Infrastructure Window
Small and Medium Enterprises Window
Social Investment and Skills Window
Small and Medium Enterprises Window and Research, Innovation and Digitalisation Window
Sustainable Infrastructure Window and Social Investment and Skills Window
Sustainable Infrastructure + Research, Innovation and DigitisationWindows
Meeting no 20 - EU guarantee approvals 8-10 November 2023
Research, Innovation and Digitalisation Window
Sustainable Infrastructure Window
Social Investment and Skills Window
Small and Medium Enterprises Window
Sustainable Infrastructure Window and Social Investment and Skills Window
Meeting no 19 - EU guarantee approvals 11-13 October 2023
Research, Innovation and Digitisation Window
Sustainable Infrastructure Window
Small and Medium-Sized Enterprises Window
Small and Medium Enterprises Window + Research, Innovation and Digitisation Window
Social Investment and Skills Window
Meeting no 18 – EU guarantee approvals 14-15 September 2023
Sustainable Infrastructure Window
Social Investment and Skills Window
SME Window +Sustainable Infrastructure Window
SMEW + RIDW + SIW
Meeting no 17 – EU guarantee approvals 6-7 July 2023
Social investment and skills window
Sustainable Infrastructure Window
SME Window and Research, Innovation and Digitisation Window
Meeting no 16 – EU guarantee approvals 8-9 June 2023
Research, Innovation and Digitisation Window
Sustainable Infrastructure Window
SME Window + Social Investment and Skills Window
Social Investment and Skills Window
Meeting no 15 – EU guarantee approvals 12 May 2023
Social Investment and Skills Window
Sustainable Infrastructure + Research, Innovation and Digitisation Windows
Meeting no 14 – EU guarantee approvals 27-28 April 2023
SME window
Social investment and skills window
Research, Innovation, Digitisation window
Sustainable Infrastructure window
Meeting no 13 – EU guarantee approvals 23-24 March 2023
Social investment and skills window
Sustainable infrastructure window
Amendment for meetings no 8 and 12: EU Guarantee approvals previously subject to a confidentiality agreement, by 30 September 2023
Research, Innovation and Digitalisation Window
Meeting no 12 – EU guarantee approvals 9-10 February 2023
Social investment and skills window
Small and Medium Enterprises Window
Meeting no 10 – EU guarantee approvals 8 December
SME and sustainable infrastructure windows
Sustainable infrastructure window
RFI HIGH SPEED RAIL PALERMO-CATANIA (eib.org)
SME window
Amendment for meetings no 3 - 9: EU Guarantee approvals previously subject to a confidentiality agreement, by 31 March 2023
Meeting no 9 - EU guarantee approvals 10 November 2022
Sustainable infrastructure window
Social investment and skills window
SME and sustainable infrastructure windows
Small and Medium Enterprises Window
Meeting no 8 - EU guarantee approvals 20-21 October 2022
Social investment and skills window
SME & Research, Innovations and Digitation Windows
Sustainable infrastructure window
Meeting no 7 - EU guarantee approvals 8-9 September 2022
Sustainable infrastructure window
Research, innovation and digitisation window
Battery Systems RDI Green Loan
Small and Medium Enterprises Window
Meeting no 6 – EU guarantee approvals 7-8 July 2022
SME & Research, Innovations and Digitation Windows
Social investment and skills window
Sustainable infrastructure window
Research, innovation and digitisation window
SME window
Sustainable infrastructure & Research, innovation and digitisation windows
SME & Sustainable infrastructure windows
Amendment for meetings no 3 - 5: EU guarantee approvals previously subject to a confidentiality agreement, by 30 September 2022
Meeting no 5 – EU guarantee approvals 7-8 June 2022
Sustainable infrastructure window
Mirova Energy Transition V Fund (EIF)
Infrastructure fund focusing on sustainable investments in the renewable energy sector primarily in the European Economic Area, with a certain focus on France.
Research, innovation and digitisation window
Innovation Programme Loan for Spain and Portugal (EIB)
SME window
Growth Blue Fund I (EIF)
Private equity fund focusing on growth expansion stage investments, particularly in the blue economy sector, primarily in Portugal.
Social investment and skills window
Hannover Social and Affordable Housing (EIB)
Meeting no 4 – EU guarantee approvals 11-12 May 2022
Sustainable infrastructure window
Solaria Castilian PV Plants (EIB)
Italian Utilities Programme Loan (EIB)
FGC Mobilitat Rolling Stock (EIB)
Solaria Trillo Toro PV Green loan
Research, innovation and digitisation window
Forward.One Fund II (EIF)
Venture capital fund focusing on early stage investments in the Business and Industrial Products and Services sector primarily in the Netherlands
SME window
Innova/ 7 (EIF)
Generalist private equity fund focusing on lower mid-market investments, particularly tech driven companies, primarily in Poland and, to a lesser extent, other Central and Eastern European countries.
Usaldusfond Trind Ventures Fund II (EIF)
Venture capital fund focusing on early stage ICT investments primarily in Finland, Estonia, Latvia and Lithuania.
Shift4Good Fund I (EIF)
Pan-European venture capital impact fund focusing on early stage energy and environment-related investments, particularly in the mobility and transport sectors, primarily in EU-27 and EFTA countries, with a certain focus on France.
Pureterra Ventures I (EIF)
Venture capital fund focusing on early stage energy and environment-related investments, with a focus on the water technology sector, primarily in the Netherlands, Germany and France.
Green Generation Fund (EIF)
Venture capital fund focusing on early stage investments in the resource efficiency sector primarily in Europe, with a certain focus on the DACH and Nordic regions and the UK.
Social investment and skills window
Educapital II, FPCI (EIF)
Pan-European education technology impact fund focusing on early stage investments, with a particular focus on France
Research, Innovations and Digitation & SME Windows
Meeting no 3 – EU guarantee approvals 31 March – 1 April 2022
Sustainable infrastructure window
EDPR POLAND GREEN ENERGY LOAN (eib.org)
LOXAM electric capex programme
Fibre Optic Network Expansion Poland (FONEXP) (EIB)
Project Odyssey Network Expansion
Social investment and skills window
Members

Chairperson of the Investment Committee Permanent Member

Permanent Member

Permanent Member

Permanent Member

Non-permanent Member for the sustainable infrastructure policy window

Non-permanent Member for the sustainable infrastructure policy window

Non-permanent Member for the research, innovation and digitisation policy window

Non-permanent Member for the research, innovation and digitisation policy window

Non-permanent Member for the SME policy window

Non-permanent Member for the SME policy window

Non-permanent Member for the social investment and skills policy window
Non-permanent Member for the social investment and skills policy window