EIB Group approves €9.1 billion in new financing to strengthen Europe's security and defence, tech leadership and critical infrastructure
Luxembourg, May 15 -- The Boards of Directors of the European Investment Bank (EIB) and the European Investment Fund (EIF) approved new operations totalling €9.1 billion to strengthen Europe's security and defence, tech leadership and critical infrastructure. The EIF Board approved an investment in the first European private credit fund exclusively dedicated to the security and defence sector. Backed by the InvestEU Defence Equity facility, the new fund will provide tailor-made debt financing to help small and medium-sized enterprises (SMEs) and small Mid-Caps scale their activity in the European sector's supply chain.Tech champions and talentIn addition, the EIF approved its 13th investment under the European Tech Champions Initiativ...
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