InvestEU Implementing partners

The guarantee available under the InvestEU Fund is implemented via selected financial partners, or ‘implementing partners’. The main partner is the EIB Group, which signed a guarantee agreement with the Commission in March 2022 covering 75% of the EU guarantee.

For the first time, the EU guarantee is open also to national promotional banks and institutions as well as international financial institutions. Until now several of these institutions have signed a guarantee agreement under InvestEU.

Current InvestEU Implementing Partners

How to become an Implementing Partner

Assessing capacity to manage the EU budget

Interested parties must undergo a screening process (‘pillar assessment’) to assess their eligibility for managing EU funds. The assessment takes place in 3 main steps:

• Application: potential implementing partners need to submit an application form for the ‘pillar assessment’ to the European Commission to ec-investeu-pillarassessmentec [dot] europa [dot] eu (this email address).
• Eligibility: the Commission checks the eligibility of applicants.
• Pillar assessment: eligible applicants must complete a screening process, a ‘pillar assessment’, to ensure EU funds are properly managed. The assessment is an independent external audit, guided by its Terms of Reference, and carried out to ensure compliance with the rules and procedures for managing EU funds. The Commission concludes its assessment based on the findings of the auditor’s report.

Selection of implementing partners under InvestEU

To become an InvestEU implementing partner, interested parties need to respond to a Call for Expression of Interest. The Commission then enters into negotiations with them to define the type of financial product(s) they wish to implement and the conditions attached to it. The negotiations are concluded by signing a guarantee agreement granting the status of InvestEU implementing partner.

In 2021, a number of potential implementing partners responded to the 1^st Call for Expression of Interest.

The 2^nd Call for Expression of Interest for the InvestEU Fund (1^st cut-off date) was published on 25 October 2023. The call is addressed to both (i) already selected implementing partners under the EU compartment of the InvestEU Fund and to (ii) new potential implementing partners. The amount of EU guarantee available under this call (1^st cut-off date) for the InvestEU Fund was EUR 1.37 billion. The EU guarantee amount of the 2^nd Call might be increased at a later stage subject to the availability of further EU guarantee under InvestEU. The Commission published the availability of further EU Guarantee amount through the 2^nd Call 2^nd cut-off date on 2 August 2024. 

Under the 2^nd Call for Expression of Interest, the Commission launched the possible allocation of further EU budget to existing or new implementing partners under the 3^rd cut-off date (Publication date: 1 October 2025). This last Call for expression of interest for the InvestEU Fund for other implementing partners than the EIB Group closed on 28 November 2025, for a total amount of EUR 1.6 billion. Demand for InvestEU risk-taking was hugely oversubscribed by almost 100%, demonstrating the attractiveness of InvestEU support for finance, both for already existing implementing partners and financial institutions applying for the first time. The Commission will conclude its evaluation of applications in early 2026. 

You can find more information on the 2^nd Call 3^rd cut-off date (closure on 28 November 2025) in the documents below.