Looking Ahead
Taking account of the challenges around us, our work will continue in the short-term with a plan to deploy around €13bn per year over the next two years.
Striving to remain sharp and agile in a constantly changing socio-economic geopolitical environment, we will be making every effort to help Europe’s small businesses and mid-cap companies not only to get through the current inflation and energy crises but also to grow and form future European champions. At the same time we intend to support them as they navigate the green and digital transitions and help the EU to develop and preserve its strategic autonomy in different key areas and foster a more inclusive society.
The support to climate action and sustainability and the EIF’s increased focus on impact via thematic and policy objectives will continue to be the main drivers of our work for the next few years. As ever, attracting private resources into the pursuit of these public policy objectives will remain key as we seek to amplify our impact.
InvestEU boost
Given the strong demand for InvestEU products, the EIF will continue to pursue initiatives to increase budgetary resources. This could include additional top-ups from central EU programmes, further contributions to the Member State compartment, additional contributions from non-EU Member States that will become associated to InvestEU, and other potential ad-hoc increases of the InvestEU budget.
REPowerEU initiative
The Commission’s initiative to diversify our energy supplies, boost energy efficiency and saving, and accelerate clean energy production will take shape in the course of 2023, with the EIF managing €3bn worth of REPowerEU resources, aiming to mobilise €45bn in this direction.
ETCI initiative
The ETCI initiative is expected to be formally signed in early 2023. Fund-raising efforts are ongoing with the aim of raising €3.75bn for investments in the growth stage of tech champions.
Recovery & Resilience Facility
We will be working with many Member States to connect resources from their RRF allocations into the InvestEU Member State compartment, developing country-specific solutions to boost recovery efforts.
Supporting Ukraine
On the back of the successful deployment of the DCFTA mandate, the EIF is exploring, within an EIB Group context, how it could engage more actively in Ukraine, to contribute to helping Ukrainian businesses back on their feet.
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