The European Investment Bank (EIB) has announced InvestEU Advisory Hub-backed advisory support for the development of the Thirty Meter Telescope (TMT) on the Spanish island of La Palma, a project that will place Europe at the forefront of global astronomical research. The initiative, led by the Instituto de Astrofísica de Canarias (IAC), involves an international consortium of research institutes, private universities and governments, including the United States, Japan, India and Canada.