European Investment Fund
|Type||International financial institution|
|Owner||EU member states|
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Member states (27)
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1972, 1979, 1985, 1994, 2003, 2005, 2011
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The European Investment Fund (EIF), established in 1994, is a financial institution for the provision of finance to SMEs (small and medium-sized enterprises), headquartered in Luxembourg. It is part of the European Investment Bank Group.
It does not lend money to SMEs directly; rather it provides finance through private banks and funds. Its main operations are in the areas of venture capital and guaranteeing loans. Its shareholders are: the European Investment Bank (62%); the European Union, represented by the European Commission (29%); and 30 privately owned EU financial institutions (9%).
The European Investment Bank Group is able to assist the development of a broader creative, green ecosystem through the European Investment Fund: venture capital funds, technical transfer, business perspectives, and private-sector equity (infrastructure funds) in general.
Since 2015, the EaSI Guarantee Instrument (EU Programme for Employment and Social Innovation), managed by the European Investment Fund, has provided over €280 million in guarantees across Europe and is expected to provide over €3 billion in financing to micro-enterprises and social enterprises. In the coming years, the EIF intends to continue providing assistance to these types of final beneficiaries in areas heavily impacted by the transition to a low-carbon economy.
- ^ "EIF - Shareholders".
- ^ Bank, European Investment (14 December 2020). The EIB Group Climate Bank Roadmap 2021-2025. European Investment Bank. ISBN 978-92-861-4908-5.
- ^ "OTB Ventures launches new $60m fund to back European businesses at the next stage of growth". www.eif.org. Retrieved 12 October 2021.
- ^ "EaSI Guarantee Instrument". www.eif.org. Retrieved 18 October 2021.
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