Supporting the knowledge economy - EIB finance for education, research, and innovation
- Release date: 20 June 2011
As the bank of the European Union, the European Investment Bank (EIB) finances investment supporting the implementation of EU strategic priorities. One of these is to promote the establishment of a competitive, knowledge-based economy capable of sustainable growth. Since the year 2000, the EIB has been financing investment in research, development and innovation, education, and information and communication technology – the pillars of the knowledge economy. The EIB has built up a decade of experience in the knowledge economy, lending EUR 103bn in the period 2000-2010, of which EUR 17bn in 2010 alone.