The European Union reached an important milestone in the implementation of the InvestEU programme, with the signing of the Guarantee Agreements and an Advisory Hub between the European Commission, the European Investment Bank (EIB) and the European Investment Fund (EIF). The programme is a key pillar of the European Union's biggest support package for the recovery from the pandemic. The programme also aims to help building a greener, more digital and more resilient European economy. It can also support European economy facing new challenges arising from uncertainties linked to the global and security outlook.

Structure of InvestEU

InvestEU consists of three elements:

• InvestEU Fund
• InvestEU Advisory Hub
• InvestEU Portal

With the provision of EUR 26.2 billion, it will be possible to provide the necessary financial support. euro of EU budgetary guarantee to support financial and investment operations, the InvestEU programme will attract public and private funding to mobilise at least €372 billion. euros additional investments by 2027. These investments will be made with the benefit of people and businesses across Europe in mind. In addition to securing significant investment volumes, it will focus on the possibility of financing investments that provide the highest impact for the objectives of the target policy.

The EIB Group (consisting of the EIB and the EIF) will implement 75% of the EU budget guarantee (EUR 19.65 billion). It will also apply the same share the advisory budget under the InvestEU Advisory HubExcept from the advisory budget under the InvestEU Advisory Hubthe international financial institutions operating in Europe and national promotional banks will be able to use a share of the guarantee (25% in total) to support investment programmes and projects.

The first projects are expected to receive an InvestEU Guarantee in April, after being presented to the Investment Committee.

The InvestEU Fund builds on the success of the European Fund for Strategic Investments (EFSI)

The InvestEU Fund will provide the EU with crucial long-term financing, crowding up private investment. The Guarantee Agreement signed lays down the rules for granting the EU budget guarantee, as well as for the implementation by the EIB and the EIF. Actions benefiting from the EU budgetary guarantee will finance investments in four policy areas to support the EU's objectives of sustainability, scientific excellence and social inclusion:

• sustainable infrastructure
• research, innovation and digitalisation
• small and medium-sized enterprises (SMEs) and small mid-caps
• Social investment and skills

At least 30% of all investments will take place in sectors that directly support Europe's green transition.

The programme builds on the successful model of the Investment Plan for Europe and the European Fund for Strategic Investments (EFSI). Combines 13 EU financial instruments available under the previous Multiannual Financial Framework (MFF) in an integrated medium. It covers the wider scope of policy areas from the EFSI, as well as The impact of his loans was significant. EFSI overdelivered and so far it has mobilised €546.5 billion. euro in investments, to the benefit of more than 1.4 million SMEs.It has been successful in co-financing projects that would not otherwise have taken place.

The advisory hub helps projects reach the financing stage

Building on the success of the European Investment Advisory Hub and other advisory programmes, the EIB and the European Commission also signed an agreement to provide technical, financial and strategic expertise to project promoters, regional and national authorities and financial intermediaries under the InvestEU Advisory Centre. The Advisory Hub, managed by the European Commission and working with the EIB as its main advisory partner, will provide an effective access point for the demand for financial and technical assistance, leveraging know-how from across the EIB Group.

Working across all four policy windows, the Advisory Hub will, inter alia, support public and private sector promoters in identifying, preparing and implementing investment projects and investment platforms guaranteed by InvestEU across the Union.