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How does a project get EFSI financing?

How does a project get EFSI financing?

Who can apply for EFSI financing?

Private sector entities

Large corporates, special purpose vehicles or Midcap companies (with up to 3,000 employees) can benefit from project loans or loans to finance research & innovation. Midcap companies or small and medium-sized enterprises or SMEs (less than 250 employees) can apply for growth finance or intermediated lending provided by partner financial institutions, and may benefit from EIF’s intermediated equity or guarantee products.

Public sector entities

Local authorities, public sector companies or other government-related entities may benefit from project loans or loans to finance research & innovation. Smaller projects may also be financed through EIB’s intermediated lending provided by partner financial institutions.

Banks, national promotional banks or other financial institutions

The EIB provides loans to financial institutions acting as financial intermediaries by financing small investments of SMEs (less than 250 employees), Midcaps (up to 3 000 employees), or other priorities, such as local authorities. Financial intermediaries may also benefit from EIB portfolio guarantee instruments as well as EIF products.

Funds and any other form of collective investment vehicles

Investments in equity, hybrid or debt funds with a focused investment strategy addressing EU priority objectives, including infrastructure and environment; and through the EIF, in funds focusing on small and medium-sized companies.

Investment platforms

The EIB may co-invest or provide co-financing to eligible projects alongside third parties, such as investment platforms, either under fully delegated structures or with active EIB involvement into the due diligence and structuring process.

How are projects selected for EFSI financing?

To benefit from EFSI resources deployed through the EIB, your projects need to undergo the standard EIB due diligence process, in order to verify if it is eligible for EIB financing and for a possible backing of EFSI.

In particular, projects need to be:

  • Economically and technically sound
  • In at least one of the EFSI eligible sectors as defined in Article 9 the EFSI Regulation
  • Contributing to EU objectives, including sustainable growth and employment
  • Mature enough to be bankable
  • Priced in a manner commensurate with the risk taken

Following a positive outcome of the due diligence process, projects are submitted for approval by the relevant EIB Group Governing Bodies and, for operations under the IIW to the EFSI Investment Committee for the inclusion in the EFSI portfolio partially guaranteed by the EU budget.

How should promoters present projects for EFSI financing?

Project promoters should follow the usual EIB loan application procedures.

How should financial institutions and fund management companies offering financial products apply for EFSI financing?

Eligible financial intermediaries wishing to apply for EFSI financing deployed through EIF should refer to EIF's website at:  

For more information on EIF’s role and activities under EFSI see: How does EIF contribute to EFSI.

How should small and medium sized enterprises (SMEs) and midcaps apply for EFSI financing?

SMEs and midcaps interested in applying for loans and equity capital under EFSI financed via the EIF should contact EIF financial intermediaries directly. Please note that EIF does not provide funding or guarantees to individuals or companies and that the final funding approval lies solely with the financial intermediary. For details see: EIF for SME finance.

The European Fund for Strategic Investments

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Years of crisis have posed a threat to Europe’s potential for innovative growth and dulled our competitive edge. Competitiveness relies on investment. In Europe, good projects currently struggle to find investment. Money is available in the system but economic uncertainty stops many investors from taking risks. The Investment Plan for Europe is putting our money back to work – for the benefit of all Europeans.




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