EU funding

Over the past decade, the EU-backed EIT Climate-KIC accelerator programme has supported 2,100 solutions and secured nearly €2bn in capital to address different aspects to the climate challenge.

Last week’s European Sustainable Energy Week in Brussels covered everything related to renewables and efficient energy use, including the role of private capital in accelerating the transition to clean heating and cooling.

The fund, run by Azimut Investments, will provide debt to more than 50 Italian SMEs with a focus on improving environmental and social aspects of their operations.  

The European Investment Fund hopes the guarantees will unlock €1bn of investments to support the digital and green transition.

The European Investment Fund is helping to facilitate investments in Portuguese firms targeting the energy transition, climate resilience, sustainable use of the marine environment and the circular economy.   

Backed by the InvestEU programme, the European Climate Debt Solutions Fund has also secured €36m from other investors including Rivage Investments which is managing the fund.

The fund should strengthen the EU “strategic autonomy” and the green and digital transitions, be integrated into the current EU long-term budget, and mobilise private investments.

The EU is committing over €1.8bn to 17 large-scale innovative clean-tech projects as part of a third round of awards via the Innovation Fund

InvestEU funding programme has been given a guarantee of €19.65 billion by the European Commission, the European Investment Bank, and the European Investment Fund, to support investment projects across Europe

The implementation of the European Commission’s Social Economy Action Plan presents challenges, but it has placed social investment at the heart of the EU’s post-Covid recovery programme