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Investment Plan: EU supports investments in the creative sector, Blue Economy, pharmaceuticals, software and sustainability

A first cooperation between the EIB Group and Deutsche Leasing Romania will help to unlock €370 million in private sector financing to strengthen investment by Romanian companies active in sectors affected by COVID-19.

date:  11/02/2021

See alsoEuropean Fund for Strategic Investments

The EIB Group support announced on 1 February is backed by a guarantee from the European Fund for Strategic Investment (EFSI). The EU is also supporting the cultural and creative sectors in Denmark where the European Investment Fund (EIF) signed a €26 million guarantee agreement with REinvent Finance on 1 February. The guarantee agreement is backed by the EFSI and the Cultural and Creative Sectors Guarantee Facility (CCS GF). The European Investment Bank (EIB) concluded an agreement on 26 January to provide €20 million to finance the research, development and innovation (RDI) programme of Galenicum, a Barcelona-based pharmaceutical company. On 26 January, the EIF announced €45 million in investments into funds across Europe under the first ever equity funding programme for the EU blue economy sector. Meanwhile, Banque des Territoires, with the support of the European Investment Advisory Hub, has launched “S'GREEN+” to help municipalities participating in its City Centre Action programme roll out their climate change adaptation projects. In Denmark, the EIB signed a €12 million (DKK 89.3 million) loan agreement on 20 January with software provider Templafy that will help the company to further develop its business content solutions and drive its expansion across Europe. The EIB Group and BTV joined forces on 19 January to provide more than €400 million in additional lending to SMEs and mid-caps in Austria and Germany in response to COVID-19.