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InvestEU Fund

The InvestEU Fund will mobilise more than €372 billion of public and private investment through an EU budget guarantee of €26.2 billion.

Key figures

[as of May 2023]

€11.1 billion
Max. EU Guarantee amount approved by the Investment Committee
InvestEU operations approved by the Investment Committee
Implementing partners

About the InvestEU Fund

The InvestEU Fund combines thirteen centrally managed EU financial instruments and the European Fund for Strategic Investments (EFSI) into one instrument.

How to get financing

The InvestEU Fund was launched in 2021. InvestEU implementing partners provide direct and intermediated financing solutions for both private and public project promoters.

Implementing partners

The guarantee available under the InvestEU Fund is implemented in partnership with selected financial partners, or ‘implementing partners’. The major partner is the EIB Group (European Investment Bank and European Investment Fund, which is responsible for the implementation of 75% of the EU Guarantee. A guarantee agreement with the EIB Group was signed in March 2022 so that companies and project promoters could start applying for financing under the InvestEU mandate.

Guarantee agreements with other implementing partners have been concluded in 2022 and the remaining signatures will follow in the course of 2023.

The next call for expression of interest will be published in 2023. Find out more on how to become an implementing partner.

Current InvestEU Implementing Partners

European Investment Bank (EIB)

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. The Bank’s investments under the InvestEU programme will focus on projects operating in four priority areas: infrastructure, innovation, climate and environment, and small and medium-sized enterprises (SMEs).Under InvestEU, together with the European Investment Fund (EIF) it will mobilize a total of €19.65 billion of investments across Europe.

Find out more about the InvestEU financing opportunities provided by the EIB Group

The European Investment Fund (EIF)

The European Investment Fund (EIF) is part of the EIB Group. It supports Europe's SMEs by improving their access to finance by designing, promoting and implementing equity and debt financing instruments targeting small business. Under the InvestEU programme the EIF supports European projects, which foster entrepreneurship, growth, innovation, research and development, the green and digital transitions and employment.

Calls for expression of interests to become financial intermediary have been  published by the European Investment Fund (EIF):

The Council of Europe Development Bank (CEB)

The Council of Europe Development Bank (CEB) is a multilateral development bank with an exclusively social mandate. CEB provides loans in its 42 member states, with a specific focus on projects coming from Central, Eastern and South-Eastern Europe. Under the InvestEU, CEB will unlock €500 million of significant investments under the “social investment and skills” and “sustainable infrastructure” windows. This includes social, affordable and student housing; education, employment, and skills; health care, long-term care and social care; as well as clean and smart urban mobility, water and wastewater services, and flood protection. The portfolio will also support cross-cutting objectives such as gender equality and the inclusion of vulnerable groups, including persons with disabilities. Potential borrowers include governments, local or regional authorities, financial institutions, and other public or private entities.

The Nordic Investment Bank (NIB)

The Nordic Investment Bank (NIB) is the international financial institution of the Nordic and Baltic region. NIB will use the InvestEU guarantee to mobilise €480 million of investments in clean energy, the modernisation and decarbonisation of industry, critical raw materials supply, sustainable transport, environmental protection, bio-economy, digital connectivity and sustainable data infrastructure. It will support investment in projects supporting the sustainable blue economy, space, critical infrastructure, health and the development of innovative technologies across a range of sectors. At this stage, the InvestEU Guarantee can be used to support projects in Denmark, Estonia, Finland, Latvia, Lithuania, Poland and Sweden.

The European Bank for Reconstruction and Development (EBRD)

The European Bank for Reconstruction and Development (EBRD) is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 38 economies across three continents. The Bank is owned by 71 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, inclusive, well-governed, green, resilient and integrated. The bank offers financing for projects in a wide range of sectors. The principal forms of direct financing that the EBRD offers are loans, equity and guarantees.

InvestEU guarantees will help the EBRD finance investments cumulatively worth up to €2.5 billion in sustainable infrastructure and greener industry and services, research, innovation and digitisation as well as social housing. The geographical focus of the projects is in Bulgaria, Croatia, Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Poland, Romania, Slovak Republic and Slovenia.

Cassa Depositi e Prestiti Equity (CDP Equity)

CDP Equity is the equity investment company of Cassa Depositi e Prestiti, with the mission of pursuing the equity strategy of the Group both directly, through investments in Italian companies of national strategic interest capable of generating value in the long term, and indirectly, through asset management companies operating in various sectors of the Italian economy. [Under the InvestEU CDP Equity will support investments dedicated to the development of the Italian Venture Capital sector for a total of 520 million.

Caisse des Dépôts (CDC)

Caisse des Dépôts and its subsidiaries are a public group, a long-term investor serving the general interest and sustainable development of the French territories. Its activities include supporting the housing sector, developing French territories, promoting the ecological transition, assisting the French population in training and retirement plans, provide them day-to-day services (post and bank), and financially supporting businesses. Under the InvestEU programme Caisse des Dépôts will unlock up to €700 million in the areas of rehabilitation and restoration of industrial wasteland, the development of data centres as well as investment in industrial infrastructure to the benefit of innovative companies in France. Projects covered by InvestEU will also include loans to renovate the poorest urban areas in France as well as loans to the tourism sector to recover from the COVID-19 crisis. The InvestEU Guarantee can be used to support investments across France and its Overseas Countries and Territories.

Instituto de Crédito Oficial (ICO)

Instituto de Crédito Oficial (ICO) is a Spanish state-owned investment bank. By granting loans, ICO supports innovative and sustainable business projects, in both Spain and other EU markets, to contribute to sustainable growth. As a National Promotional Bank, it provides financing to companies, with special emphasis on SMEs and the self-employed. ICO will use the InvestEU guarantee agreement to mobilise up to €150 million in investments in the green transition and critical infrastructure. More specifically, it will support investment in crucial energy, sustainable transport, environment and water, digital and social infrastructure projects.

Cassa Depositi e Prestiti (CDP)

Cassa Depositi e Prestiti (CDP) is the Italian National Promotional Institution supporting the development of the country, using national savings to enhance growth and boost employment. CDP leverages on new technologies and innovations, promoting business competitiveness, sustainable infrastructure, and local development. In particular, CDP supports investments of the local authorities for urban regeneration, social infrastructure and sustainable mobility.

Under InvestEU Program, CDP is committed to mobilize more than 700 mln EUR investments and long-term financing in business research and development, social and sustainable infrastructure and affordable social housing projects.

Bpifrance (BPI)

Bpifrance is the French national investment bank: it finances companies – at each stage of their development – with loans, guarantees and equity. Bpifrance also provides extra financial services (training, consultancy) to help entrepreneurs meet their challenges (innovation, export…). Bpifrance supports them in their innovation projects and internationally. Bpifrance also ensures their export activity through a wide range of products. Advice, university, networking and acceleration program for start-ups, SMEs and ETIs are also part of the offer offered to entrepreneurs. Thanks to Bpifrance and its 50 regional locations, entrepreneurs benefit from a close, unique and efficient interlocutor to support them in facing their challenges.

Bank Gospodarstwa Krajowego (BGK)


Bank Gospodarstwa Krajowego (BGK) is the Polish development bank, which supports sustainable social and economic growth in the country and ensures the well-being of future generations by building social capital, developing entrepreneurship and providing responsible financing.  Through cooperation with business, the public sector and financial institutions, BGK supports the economic growth where the market does not work effectively, e.g. by financing important projects with a high level of risk, and undertakes a number of initiatives promoting sustainable development. It also cooperates with other financial institutions on a partnership basis, while complementing their offer. BGK is also actively involved in building a development cooperation portfolio.

Under the InvestEU programme BGK will unlock up to €484 million for sustainable infrastructure and innovation investments across Poland. The guarantee will back long-term finance for a wide range of private and public sector entities, in several priority areas of InvestEU, including renewable energies, low-carbon transport, ICT, digitalisation, healthcare and innovation. These investments will help the EU to achieve its broader strategic objectives of securing the green and digital transitions.