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    Shared management funds and financial instruments

    Boosting jobs and growth

    The European Union (EU) invests in local and regional projects that contribute to job creation and a sustainable and healthy European economy, by deploying financial instruments through shared management funds (also referred as European Structural and Investment Funds).

    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 and regions can benefit from the EIB’s professional fund management expertise and engage in innovative financial instruments, as well as combine funds with other sources of financing. In addition, the 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 eight different countries during the period 2007-2013.

    Key figures

    Financial instruments implemented by the EIB (2007 - 2023)

    €3.8 billion

    managed or under management by EIB

    more than 8,200

    projects financed

    What is eligible

    EU Member States and regions choose sectors that align with the objectives of the shared management funds:

    Smarter Europe

    research, development & innovation, digitalisation

    More Social Europe

    skills, education, public services

    More Connected Europe

    mobility and ICT connectivity

    Greener Europe

    low carbon economy, energy efficiency, renewable energy, climate change

    Europe Closer to Citizens

    sustainable, urban, rural and costal development

    What we offer

    The EIB can work with all EU Member States and regions that wish to implement financial instruments using their shared management funds.

    Financial instruments implemented by the EIB provide support to final recipients via financial intermediaries in the form of:

    • Loans
    • Guarantees
    • Quasi-equity and/or direct equity

    Check the active EIB financial instruments in your country, to discover if your project is eligible for financing.

    In combination with financial instruments, financing from the 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 loans.

    Eligible financial intermediaries include banks, financial institutions, investment funds (including special purpose entities), fund managers or other financial intermediaries, public or private. The selected financial intermediaries can receive financing from the established funds of funds in the form of:

    • Loans to support working capital and investments promoted by eligible projects/final recipients
    • Guarantees designed to lower repayment risk
    • Equity investments, mainly through funds to support the growth of companies

    Interested financial intermediaries can participate in the programme via on-going calls for expression of interest.

    In combination with financial instruments, financing from the 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 loans.

    Active financial instruments in your country

    The EIB currently manages thirteen financial instruments in six countries.

    All financial instruments listed below are set up through funds of funds, managed by the EIB, and provide their support to final recipients through sub-funds.