Fostering innovation to remain competitive
- Release date: 24 October 2016
Europe’s future depends on its ability to innovate. Competition with the US and other major economies is tough as expenditure on R&D and innovation keeps growing and industry moves towards digitalised methods of production. In 2015 alone, the EIB Group supported innovation and skills with EUR 18.7bn of loans in Europe, EUR 16.13bn of which were provided by the European Investment Bank (EIB) and the remaining EUR 2.54bn by the European Investment Fund (EIF).