Latest news with #EuropeanInvestmentFund
Bloomberg
22-05-2025
- Business
- Bloomberg
EU Puts €40 Million in First Foray Into Dedicated Defense Fund
The European Union's investment vehicle is investing €40 million ($45 million) in a dedicated European defense fund, marking a first as the bloc seeks to improve its military capabilities. The European Investment Fund, which provides access to financing for small and medium-sized businesses, will contribute to a fund being raised by Keen Venture Partners that is targeting €125 million, it said in a statement Thursday.
Yahoo
17-04-2025
- Business
- Yahoo
Triodos Bank secures €200m in EIF guarantees to support SMEs across Europe
The European Investment Fund (EIF) has signed new guarantee agreements withTriodos Bank to provide more than €200m ($227.2m) in financing for SMEs across the Netherlands, Belgium, Spain, and Germany. This initiative is part of the European Commission's InvestEU programme, which targets the support of social entrepreneurship, sustainability, and the cultural and creative sectors. The latest agreement expands the partnership between Triodos Bank and the EIF, which has delivered over €600m in SME funding across Europe since 2018. This collaboration has also empowered a wide range of social entrepreneurs, including E-Flight Academy, Fundació Oxígeno, and Nature Snacks, spanning diverse sectors such as healthcare, nutrition, e-mobility, the circular economy, and education. EIF chief executive Marjut Falkstedt said: 'Our relationship with Triodos Bank is a very successful one, having made available hundreds of millions in attractive financing for SMEs in sectors that are underserved by traditional bank financing. 'Triodos Bank has been instrumental in supporting the creative and cultural sectors, as well as social entrepreneurship, which are at the heart of European values. We are now building on that to also support sustainability in SMEs, which will be a key element in European independence and competitiveness going forward.' An increase to an existing capped guarantee from 2023 will allow Triodos Bank to offer an additional €89m in new loans for social entrepreneurship. Meanwhile, a new uncapped guarantee will support sustainability initiatives and the cultural and creative sectors. The sustainability segment of the uncapped guarantee is expected to provide up to €71m for SMEs' green investments. The cultural and creative portion aims to generate €43m in new lending, continuing the partnership between Triodos Bank and the EIF. Triodos Bank chief commercial officer Jacco Minnaar said: 'At Triodos Bank, we have a long track record of financing social entrepreneurship. The past agreements with the EIF have already shown that public and private partnerships can fuel the much-needed transitions towards a better and more sustainable world. 'I am particularly pleased with the introduction of the new guarantee for green investments by SMEs. It shows how our relationship with the EIF is continually developing and is focused on getting financing to where it is most needed.' "Triodos Bank secures €200m in EIF guarantees to support SMEs across Europe" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
21-03-2025
- Business
- Yahoo
EIF and Gilion to provide €43m in growth financing for tech firms
The European Investment Fund (EIF) has signed an agreement with Sweden-based finance company Gilion to provide access to more than €43m ($46.9m) in growth funding to Nordic, German, and Dutch technology companies. This initiative is particularly targeted at small and medium-sized enterprises (SMEs) and small mid-caps within the software-as-a-service (SaaS) sector. The partnership will enable Gilion, formerly known as Ark Kapital, to extend loans with reduced interest rates and favourable terms, thanks to EIF guarantees. These terms are designed to support high-growth companies in scaling their operations, expanding internationally, and fast-tracking digital innovation. EIB Group vice-president Thomas Östros said: 'Ensuring access to finance for innovative SMEs and mid-caps is key to strengthening Europe's position as a global leader in digitalisation. 'This agreement will provide tech companies with the resources they need to scale up, create jobs and contribute to Europe's digital economy.' The funding agreement is backed by the InvestEU programme, which seeks to mobilise over €372bn in investments for EU policy priorities, including digital transformation and innovation. This new guarantee deal is a continuation of the EIF's support for Gilion, following a previous guarantee in 2023 that amounted to €146m. Gilion co-founder and chief operating officer Axel Bruzelius said: 'Funding high-growth companies is an important, but difficult, mission. 'This guarantee gives us a huge building block in accomplishing this mission. I think everyone can agree that now is the time to strengthen the European funding infrastructure and, with this support, we will be able to scale faster in our markets with acceptable terms for both us and the entrepreneurs.' "EIF and Gilion to provide €43m in growth financing for tech firms" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
21-02-2025
- Business
- Yahoo
Infrastructure investment firm secures $360 million for unexpected new program: 'Investors want to see the deals'
Reuters reported that the White Summit secured over $360 million for decarbonization efforts. The infrastructure investment firm projects it will reach its €500 million ($525 million) target in the next few months. Decarbonization of transportation industries and funding renewable projects are some of the main targets of this fund. Pablo Pallas and Gonzalo Lopez told Reuters they may be able to raise as much as €750 million ($786 million). By focusing on smaller projects, the fund will help infrastructure companies that often get overlooked. So far, the fund has investors from Europe and the United States and may be able to add Canada to the mix as it rounds out the second quarter. Understanding how to acquire more funding for this environmentally friendly initiative, Pallas told Reuters, "Investors want to see the deals, they just don't want to sign a blind check and see what you do the next two years." Some major additions include the French energy efficiency specialist, Powesco, and the European Investment Fund, which committed €150 million ($157 million). By investing in companies that focus on decarbonization, the fund's initiative can help lead to a cleaner planet that can heal itself over time. That's because decarbonization infrastructure focuses on moving away from dirty energy sources like coal and natural gas to using renewable sources such as solar panels and windmills. If such energy use becomes standard, it can help reduce the increasing planetary heat linked to destructive weather patterns, from large hurricanes to forest fires. Per Net-Zero Northwest's analysis report in 2023, successful decarbonization pillars include focusing on clean electricity, energy efficiency, clean fuels like those mentioned above, and capturing carbon dioxide pollution when feasible. While the report may focus on the northwestern region of the United States, these pillars can apply to any company leading such a charge in any part of the world. How does this help consumers? There are eco-friendly initiatives from some of your favorite brands that make it easy to reduce your carbon footprint. Start reducing landfill waste by trading in old clothing for rewards or store credit through Trashie. Network efficiently with digital business cards from UNIQODE while cutting down on paper and saving a few trees. Do you think America could ever go zero-waste? Never Not anytime soon Maybe in some states Definitely Click your choice to see results and speak your mind. Are you interested in tiny homes but worried about needing dirty energy sources? Check out the startup Cosmic Buildings, which builds self-sustaining tiny homes that use solar power and water recycling. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
