InvestEU backs EIF investment in new impact fund in Spain supporting social and green projects
The European Investment Fund (EIF), backed by the InvestEU programme, has agreed to commit €30 million as cornerstone investment in ‘IB Deuda Impacto España‘, a fund that will finance Spanish businesses investing in high social impact areas such as rural development, labor inclusion, climate and environment, circular economy, sustainable agriculture, and gender equality.The announced investment falls under the ‘Small and medium-sized enterprises (SMEs)‘ and ‘Research, innovation, and digitalisation‘ policy windows of InvestEU.
Paolo Gentiloni, Commissioner for Economy, said: “Securing a sustainable, digital, and inclusive economy requires substantial and continuous investment. I welcome the crucial role InvestEU is playing in this context. This agreement will provide SMEs in Spain with the necessary resources, helping them to grow and create jobs, while advancing important goals such as gender equality, energy efficiency and rural development.”
The InvestEU programme provides the EU with long-term funding by leveraging private and public funds in support of EU policy priorities. As part of the programme, the InvestEU Fund is implemented through financial partners who will invest in projects using the EU budget guarantee and thus mobilising at least €372 billion in additional investment.
