Loan facility available to public and private sector organisations throughout the European Union for specific viable capital projects that support EU economic policy objectives.
Loan finance is available for capital expenditure on projects costing over €25 million.
Loans may be charged at fixed rates, revisable fixed rates or convertible rates.
Repayment is usually on an annual or semi-annual basis.
The European Investment Bank (EIB) provides a loan facility in support of EU economic policy objectives to contribute to the integration, development and economic and social cohesion of the Member Countries. It raises funds to finance capital projects in accordance with the lending objectives of the EU.
Individual Loan assistance is allocated to capital expenditure projects where the total investment costs exceed €25 million.
Support is available for projects that make a significant contribution to growth, employment, regional cohesion and environmental sustainability, and specifically which contribute to the following priorities:
- Innovation - promoting skills and innovation at every level.
- Small and medium sized enterprises and mid-caps - the creators of 80% of new jobs.
- Climate and environment - including both climate action and investment in the urban and natural environment.
- Infrastructure - connecting Europe's citizens, internal markets and economies.
- Regional development - to address economic and social imbalances.
- Energy - building competitive and secure and supply.
- Trans-European Networks - linking Europe's infrastructure, principally in transport.
Individual project loans are available across the public and private sectors, including large enterprises, SMEs and banks.
The EIB may finance a maximum of 50% of the total cost of any project.
Loans are used to finance capital costs associated with projects that meet EU economic policy objectives.
Projects are most frequently around infrastructure, energy efficiency/renewables, transport and urban renovation.
Requests for individual loans can be addressed directly to the EIB.
Because of the diversity of potential projects there is no standardised documentation requirement (set forms etc). The EIB will generally expect a comprehensive feasibility study or adequate technical, environmental, economic, financial and legal appraisal.
A guide is available which outlines the type of information and documents required.
The EIB does not normally charge commitment fees or non-utilisation fees. Project appraisal fees and required legal services may be applicable in certain cases.