European Investment Bank

European Investment Bank

The EIB supports Bekaert’s technological leadership

The EIB is lending EUR 75m to NV Bekaert SA in Belgium to finance their three year innovation programme. The loan falls under the joint EIB Group-European Commission InnovFin initiative which aims to foster investment in European research and innovation (R&I). The project will allow Bekaert to reinforce its R&I efforts, developing new materials, environmentally friendly products and researching improved manufacturing processes.


GBP 50.7m EIB backing for 11 new schools in North West England

More than seven thousand UK children will benefit from new schools to be constructed in the North West. The eleven schools will be built on existing school sites in Blackpool, Wigan, Birkenhead, Chester, Manchester and Stockport. They represent the third batch of 46 new state primary and secondary schools to be built under the UK’s Priority School Building Programme, supported by the EIB.


EIB provides EUR 200m to support strategic investments in Latvia

The EIB and the Latvian Ministry of Finance have established a EUR 200m loan facility to support investments in energy, sustainable transport, infrastructure and, for the first time, also in rural development. The loan agreement signed by EIB Vice-President Pim van Ballekom and Latvia’s Finance Minister Janis Reirs will help Latvia to successfully absorb EU Structural Funds over the period 2014–2020.


EIB Group welcomes common position of EU Member States for EFSI regulation

EIB President, Werner Hoyer, has welcomed the Council’s General Approach on the Regulation establishing the new EFSI: “The speed with which the Council came to a common position is encouraging.  EFSI must be created rapidly so we can scale up our activities and start delivering on the ambitious objective of mobilising more than EUR 315 billion euros in investment.”

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