On March 7, 2022, the European Union reached a major milestone in the implementation of the InvestEU programme with the signature of the Guarantee and Advisory Hub Agreements between the European Commission, the European Investment Bank (EIB) and the European Investment Fund (EIF).
The InvestEU programme is a key pillar of the European Union’s largest ever stimulus package to recover from the COVID-19 pandemic and help build a greener, more digital, and more resilient European economy.
It can also support the European economy in addressing new challenges arising from major uncertainties linked to the global and security outlook. InvestEU consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. By providing a EUR 26.2 billion EU budgetary guarantee to support finance and investment operations, the InvestEU programme will attract public and private financing aiming to mobilise at least EUR 372 billion in additional investment by 2027, benefitting people and businesses across Europe.
The first InvestEU projects are expected to receive an InvestEU Guarantee as soon as April, after having been presented to the Investment Committee. More information is available on the InvestEU website, in this press release and an updated Q&A.