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NIB has signed a 4-year EUR 22 million InvestEU-backed loan with Verda Cloud Oy. The financing will be used for investments in high-performance computing infrastructure. The project supports the development of European digital infrastructure and an EU-based cloud service provider.
The investment programme will partly consist of investment loans supported by the InvestEU programme. Within the framework of the Invest EU programme, Finnvera can finance investments worth a total of EUR 500 million.
In an important step to support investment in Europe, the European Commission and the European Investment Bank (EIB) Group have signed an agreement that increases the EU guarantee by around €5 billion, unlocking €22 billion in additional financing from the EIB and EIF under the InvestEU programme.