Member States may use these financial instruments to transform resources into financial products that support eligible projects.
By entrusting implementation of the financial instruments to the European Investment Bank (EIB), Member States can benefit from EIB’s professional fund management expertise and engage in innovative financial instruments as well as combine funds with other sources of financing. In addition, EIB provides advisory support through for example the fi-compass platform.
The EIB first pioneered the implementation of financial instruments under JESSICA initiative when the Bank was appointed the JESSICA Holding Fund manager for 18 holding funds in 8 different countries during the period 2007-13.
Financial instruments implemented by the EIB (2007 - 2021)
managed or under management by EIB
total investments mobilised
What is eligible?
Member States choose sectors that align with the objectives of the shared management funds:
research, development & innovation, digitalisation
low carbon economy, energy efficiency, renewable energy, climate change
More Connected Europe
mobility and ICT connectivity
More Social Europe
skills, education, public services
Europe Closer to Citizens
sustainable, urban, rural and costal development
Who is eligible and what we offer?
The EIB can work with all Managing Authorities of EU Member States and regions that wish to implement financial instruments using their shared management funds.
Financial instruments implemented by EIB provide support to final recipients via financial intermediaries in the form of:
quasi-equity and / or direct equity.
To find out if your project can be financed, see active EIB financial instruments in your country.
Eligible financial intermediaries, such as banks, financial institutions, investment fund (including special purpose entities), fund managers or other financial intermediary, whether public or private, can apply to participate in the programme. See our on-going calls for expression of interest. For selected financial intermediaries, financing from the established fund of funds could be provided in the form of:
loans to support working capital and investments promoted by eligible projects/final recipients;
guarantees designed to lower repayment risk; and
equity investments, mainly through funds to support the growth of companies.
In combination with financial instruments, financing from EIB own resources could be provided to final recipients for example via investment loan to eligible public or private promoters; and to financial intermediaries for example via intermediated loan.
Active financial instruments
The EIB currently manages thirteen financial instruments in six countries.
All the financial instruments listed below are set up with a fund of funds structure, managed by EIB with the objective to contribute support to several sub-funds.