The road to recovery

As the pandemic ran into its second year, we made sure that we delivered on what we had committed to and kept firmly focussed on our efforts to help Europe heal and recover. Our rapid action to stamp out the effects of the pandemic was of the essence and by the end of 2020 we had already started deploying financial relief across the continent. A large part of our support came through the €24bn EGF financial package, which aimed to ensure that European businesses were able to weather the crisis and continue their growth and development in the medium to long-term. Accelerated demand for such support throughout 2021 has proven how powerful an instrument it has been, targeted and effective. In fact it has enabled us to reach volumes never achieved in our history and has galvanised the EIF like nothing ever before. Within the 12 months of 2021 we more than double 2020’s performance and were able to help European businesses on the road to recovery at an unprecedented pace. We ensured that we were accompanying entrepreneurs who saw opportunities to innovate, create, transform and transition, but also those who needed help to get back on the path to growth.