From left to right: EIB Vice-President D. Scannapieco and G. Ranzo, AVIO CEO
The EIB will provide EUR 40 million to the Italian Avio aimed to support the development of new products and technologies related to space propulsion systems through Research and Development activities as well as the modernization and the expansion of the production capacity at the facilities in Colleferro (Rome), the main company’s industrial site in Italy. This is the first EIB loan for a listed company under the “Italian risk sharing initiative” umbrella, the joint initiative of the EIB, the Ministry of Economic Development and the Italian Ministry of Economy, which aims to support investments in innovative projects promoted by small and medium-sized enterprises.