Over 70% of Europeans live in urban areas, and 55% of public investment is made by regional or local governments. The European Investment Bank works on a range of Urban Agenda-related initiatives to share knowledge with local and regional decision-makers to improve access to funds and help them use existing funds more effectively. The EIB provided EUR 95 billion in urban lending since 2011 and is extending that financing to projects with higher risk under the European Fund for Strategic Investments, part of the Investment Plan for Europe.
How can the EIB support my urban project?
The EIB welcomes contact from potential new clients. For large operations, contact us directly at our Luxembourg headquarters via our online contact form.
We have a wide range of products to support public and private investments offering flexibility, expertise and creativity to get projects off the ground:
- Direct Investment loan for a specific investment project or programme, normally with a project cost exceeding EUR 100 million
- Framework Loan made directly to a city, normally to finance a 3-5 year multi-sector investment programme in excess of EUR 100 million
- Framework Loan via a financial intermediary for financing smaller municipalities
- Equity Fund Investment into an urban development, infrastructure fund or brownfield fund
- Advisory support through initiatives such as the European Investment Advisory Hub, JASPERS and other advisory instruments benefitting cities including ELENA, EPEC and fi-compass.
Learn more about these products with this video animation
A smart city uses technology to improve services to its citizens and to deliver a better environment for people to live in by tackling challenges such as mobility, climate change, migration and security. But smart cities aren’t just about the technology.
Take a look at projects the EIB has financed under each priority theme of the Urban Agenda for the EU. These case studies demonstrate the scope of EIB products and services under the Urban Agenda.
Product: Urban Development Fund, financial instrument
With a revolving investment called an Urban Development Fund, the UK’s Northwest region maximised the impact of grant funding. Here’s how to transform traditional grants with a financial instrument.
Product: Intermediated loan
The EIB lent Belfius EUR 200 million, funding half the Belgian bank’s Smart Cities and Sustainable Development programme. The EU Urban Agenda urges better local government financing. Smart Cities connects the EIB with communities often too small to access its regular loans.
Product: Framework loan
One city has many needs. A single EIB loan supports a range of projects in Bologna. From school renovations to bike paths and measures to prevent major damage from earthquakes, the loan represents the kind of sustainable development at the heart of the new Urban Agenda for the EU.
Product: Project loan and JASPERS (advisory)
The EIB advised Warsaw’s city government during the planning of its metro system expansion to ensure the projects eligibility for the EU grants it needed. Then the Bank lent the Polish city the bulk of the balance.