Summary sheet
The co-investment programme will finance energy efficiency and decarbonisation projects carried out by small and medium-sized enterprises (SMEs) and mid-caps across the EU.
The main purpose of the EIB co-investment contribution is to address any funding gap arising when the financing needs of EU-based projects, identified by a fund manager, exceed the maximum investment amount a fund can allocate to a single project, particularly in the case of larger projects targeted by investment funds.
The co-investment programme will finance sub-projects of funds in which the EIB is an investor or with whom EIB Group has an established track record and which comply with EIB's eligibility criteria, including EIB's environmental and social standards as well as applicable EU environmental directives.
The sub-projects may be public or private sector projects which are compliant with EIB's eligibility criteria, including procurement standards and applicable EU directives. The funds investment guidelines require the fund managers to ensure that procurement procedures applied by the underlying investments financed by the fund are in line with the provisions of the relevant EU Directives.