EU funding

The partnership aims to improve access to green asset financing for SMEs and small mid-caps in France, Germany, Italy and Spain.

The digital lender recently became the first company to establish an EU-wide microfinance partnership with the European Investment Fund aimed at closing a €400bn funding gap for small and medium-sized businesses.

The funds will be used for investments in energy storage infrastructure in southwestern Spain, in line with EIB’s action plan to support the REPowerEU initiative to improve the EU’s energy security and to reduce dependence on fossil fuel imports.

Small and medium-sized businesses who qualify for a loan will be able to take advantage of financing at lower interest rates, with reduced collateral requirements

The European Commission-backed public-private partnership investment vehicle has appointed SUSI as its portfolio manager as it focuses on the transition to a low carbon future.

IO Biotech will use the venture debt funding provided by the European Investment Bank to develop and market a vaccine to treat melanoma.

The Kuali Fund, which is being managed by impact investor GAWA Capital, has raised €129m at first close to support a range of countries globally to build climate resilience and transition to low carbon economies.

The money will be used to finance projects that will boost energy efficiency, slash CO2 emissions and help fight climate change, according to both organisations.

An agreement to provide a €500m counter-guarantee for BNP Paribas adds to a growing list of similar pacts with European banks in support of the wind industry.

The European Investment Fund has made its second investment into IB Deuda Impacto España committing a further €25m to support Spanish businesses generating high social impact.