News

Amsterdam-based LUMICKS secured €20 million in venture debt from the European Investment Bank (EIB), backed by the InvestEU initiative, to accelerate the development of its next-generation high-throughput cell avidity platform, aimed at transforming cancer immunotherapy research and drug discovery.

The EIB has provided a €500 million counter-guarantee to Intesa Sanpaolo, enabling the creation of a €1 billion bank guarantee portfolio to unlock €8 billion in real economy investments, as part of the EIB's €5 billion wind power package supported by the InvestEU programme.

The EIB's Advisory Services are supporting efforts to ease Latvia's housing shortage, with the first phase aiming to construct around 2,000 affordable rental apartments nationwide.

The Commission's interim evaluation of InvestEU reveals that, halfway through its implementation, the programme has unlocked €218 billion in additional investments, with 90% of the EU guarantee allocated, and comprises the InvestEU Fund, Portal, and Advisory Hub.

The Nordic Investment Bank (NIB) has provided a EUR 50 million 12-year loan to Awind 3 AS and Awind 6 AS, subsidiaries of IWS Fleet ASA owned by Integrated Wind Solutions (IWS), to finance new commissioning service operation vessels (CSOVs).

Part of the financing is backed by the InvestEU programme, which marks its first operation in Cyprus.

InvestEU-backed EIB loan to fibre broadband provider Deutsche Glasfaser will enable up to 460,000 rural German households to access fibre optic internet.

The loan will support the roll-out of 17 new photovoltaic plants with an installed capacity above 700 MW, and is supported by the InvestEU programme.

The EIB is financing the upgrade of Kaunas' heating and distribution network to boost renewable energy use and cut greenhouse gas emissions. Supported by the InvestEU plan, this investment will help Lithuania's second-largest city reduce reliance on fossil fuels and strengthen regional cohesion.