EIB pumps in 3.7 billion euros to boost business

The European Investment Bank will allocate 381 million euros for transport, hospitals and schools.

On 11 March 2021, the European Investment Bank (EIB) approved a new 3.7 billion euros investment to support businesses, renewable energy, internet, health, education and sustainable urban development.

The financial assistance aims to improve different regions in Europe hit the Covid-19 pandemic, and it will be distributed as follows:

  • 2.4 billion euros to strengthen access to financial and economic resilience in response to Covid-19
  • 1.5 billion euros to fund private sector COVID crisis response under the Pan-European Guarantee Fund
  • 688 million euros to support solar and wind energy
  • 381 million euros for transport, upgrading hospitals and schools, and sustainable urban investment

European cities and communities will benefit from the new EIB investment in various projects – some of which had already been started and others are just being approved.

Wroclaw (Poland) has plans to improve energy efficiency, urban transport, education, sports and cultural facilities.

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