The European Union, through the European Investment Advisory Hub will advise the Italian Ministry of Justice on the implementation of innovative financing and procurement methodologies, aimed at curbing reoffending rates of ex-convicts. The European Investment Advisory Hub, funded by the European Commission and the EIB, will support the Ministry in its mission to ensure a smooth transition of inmates back into society through innovative financing models, such as social impact bonds.
To improve educational and professional opportunities in Southern Italy, the “StudioSì” fund, founded by the Italian Ministry for University and Research (MUR) and managed by the EIB, has awarded its first €2 million in cost-free loans. The fund, benefitting from a €100 million allocation of the European Social Fund (ESF), supports students from Italy’s eight southern regions who study in Italy or abroad, with zero-interest loans to finance their tuition fees and living costs.
The EIB and Asper Investment Management Ltd. have signed an investment agreement worth €30 million for investments in four district heating projects in the Netherlands. This agreement will enable the EIB to consider additional investments into new district heating projects in the Netherlands up to €70 million.