The European Investment Bank (EIB), known as the EU’s bank, is owned by the EU’s Member States. The EIB offers finance and expertise for projects that support innovation, small and medium enterprises (SMEs), infrastructure and climate action. Lending, blending and advising are the three main instruments utilised by the EIB. Some of the most relevant instruments from the perspective of urban mobility are:
- The EFSI is a €26 billion guarantee from the EU budget, complemented by a €7.5 billion allocation of the European Investment Bank’s (EIB) own capital. EFSI is implemented by the EIB Group and projects supported by it are subject to usual EIB procedures.
- The STP – Road Safety Advisory as hosted by the European Investment Advisory Hub (the Hub), is a gateway to advisory services to support the uptake of funding and financing opportunities for projects that improve road safety.
Loan Guarantee Instrument for Trans-European Transport Network Projects (LGTT)
- The LGTT can partially cover risks in public-private-partnership transport projects.
- ELENA is a joint initiative by the EIB and the European Commission under the Horizon 2020 programme. ELENA provides grants, mainly to cities and regions, for technical assistance focused on the implementation of energy efficiency, distributed renewable energy and urban transport projects and programmes.
- FELICITY is a joint initiative of the European Investment Bank (EIB) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). It supports a number of urban sub-sectors including public transport and infrastructure
European Energy Efficiency Fund (EEEF)
- The EEEF aims to promote a sustainable energy market and climate protection by attracting additional capital into climate financing.
InnovFin financing tools
Available under Horizon 2020, this tool covers a wide range of loans, guarantees and equity-type funding.