InvestEU: EIF and CGM Finance sign agreement unlocking €18.7 million to support social enterprises in Italy
The European Investment Fund (EIF), backed by InvestEU, will provide a €18.75 million guarantee to CGM Finance to finance investments in social enterprises in Italy.
€3.4 billion to modernise the Palermo-Catania railway line
Resources totaling €3.4 billion are on the way to modernise and upgrade 178 km of the Palermo-Catania railway line. The project is backed by the InvestEU programme by its 50% counter-guarantee and enables the guarantees to be doubled to €2.6 billion.
€24 million for cultural and creative small businesses in Belgium via ST'ART
New funding and easier access to financing will be provided by ST'ART for cultural and creative businesses in the Wallonia and Brussels regions of Belgium. The operation signed with the EIF falls under the European Union's new “InvestEU” programme and will enable up to €24 million in financing.