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Press release7 October 2022Directorate-General for Economic and Financial Affairs1 min read

InvestEU in Italy: first four projects and first guarantee agreement with national promotional bank signed

Today, Paolo Gentiloni, Commissioner for the Economy, is in Rome to present the new InvestEU programme and the opportunities it offers to businesses at a joint European Investment Bank Group and European Commission event. During this visit, the first four InvestEU projects in Italy have been signed. The projects concern water sustainability and waste water treatment in the Lombardy Region, as well as support to small and medium-sized businesses in the North-East of Italy for their investments in innovation, sustainability, and cultural and creative activities. InvestEU will also boost the circular economy and decarbonisation by supporting a fund investing in related projects. Finally, InvestEU will support the investments of innovative small and medium-sized businesses to support their green and digital transition. In addition, the Commission today also signed a guarantee agreement with Cassa Depositi e Prestiti Equity, making this the first such agreement signed under InvestEU with a national promotional bank to support investments, with more agreements to follow. Commissioner Gentiloni said: “InvestEU offers great opportunities to Italian businesses and I am delighted to be present in Rome today for its launch event. We have before us a mountain of investments to deliver and through InvestEU, we can ensure that financing is channeled to where it is most needed to boost innovation, jobs and growth. The first four InvestEU agreements being signed today with Italian partners are excellent examples of this and I want to congratulate all the entities involved on making this happen. I look forward to seeing many more such agreements in the months and years ahead.” The InvestEU programme provides the EU with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investments for EU policy priorities, such as the European Green Deal and the digital transition. The InvestEU Fund is implemented through financial partners who will invest in projects using the EU budget guarantee of €26.2 billion. The entire budgetary guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment. A press release is available online(For more information: Veerle Nuyts – Tel.: +32 229 96302; Flora Matthaes – Tel.: +32 229 83951)



Publication date
7 October 2022
Directorate-General for Economic and Financial Affairs