The InvestEU Investment Committee has approved guarantees worth EUR 150 million in the form of framework agreements for the first European Bank for Reconstruction and Development (EBRD) operations, backed by the InvestEU program. The EBRD will use this funding to mobilize over EUR 1.1 billion in financing, promoting green and sustainable investments in the municipal, transport, and energy sectors. The financing will boost the EBRD’s Green Cities program, which is active in more than 50 urban areas to help accelerate their green transition. It will also support private companies facing rising costs of newer technologies, higher perceived risks, and a lack of available financing.
Under the InvestEU program, the EBRD will also provide advisory support for infrastructure, digitalization, and innovative investment projects in EU countries. The InvestEU program is intended to mobilize private investments for the EU’s policy priorities, such as the European Green Deal and the digital transition. The program consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund will be implemented through financial partners who will invest in projects using the EU budget guarantee of EUR 26.2 billion. The entire budgetary guarantee will back the investment projects of the implementing partners, increasing their risk-bearing capacity and thus mobilizing at least EUR 372 billion in additional investment.
