European Fund for Strategic Investments (EFSI)
EFSI dashboard (updated 16 June 2016)
The figures on this page are not part of formal EIB Group reporting on EFSI. Therefore, they are provisional and unaudited. The figures are subject to change. Approvals of EIB projects by the EIB Board of Directors are a requirement for financing negotiations with project promoters which, if successful, lead to signatures.
The European Investment Bank, the EU bank, loaned EUR 15 million to Creta Farms in June. The loan is backed by EFSI’s EU budget guarantee and EIB resources, which aim to trigger EUR 315 billion of investment across Europe by 2018. It was needed because Greek banks are reluctant to lend in the wake of years of economic upheaval. The loan will help finance expensive advances in Creta Farms’ oliving technology, as well as its international expansion.
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Spanish researcher Angelita Rebollo has developed a technique for blocking specific functions of proteins that turn a healthy cell into a cancer cell. The treatment could help people with a range of illnesses, including ovarian and breast cancers. Her research led her to found a company, PEP-Therapy which was supported with EUR 1m from the Quadrivium 1 Fund. The fund recently received a EUR 20m injection from the EIF under EFSI.
Thousands of condominiums in the Paris region will undergo much needed energy efficient renovations thanks to a generous loan from the EIB as part of the Investment Plan for Europe. The company behind the project, Énergies POSIT’IF, can now offer financing to the owners of the buildings, ensuring works are carried out quickly and efficiently with an estimated 75% saving in energy use.