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    EIB Group powers Dutch innovation and green projects with €3B in 2024

    Shorouk Express

    BAKU, Azerbaijan, February 31. In 2024, the EIB
    Group, comprising the European Investment Bank (EIB) and the
    European Investment Fund (EIF), invested nearly 3.1 billion euros
    in the Netherlands, Trend reports.

    Of this amount, 2.45 billion euros was provided through loans
    and venture debt, while the EIF mobilized approximately 634 million
    euros in guarantees and equity contributions. This investment is
    part of the EIB Group’s global effort, with a record 89 billion
    euros allocated to various projects, including over 50 billion
    euros for environmental and climate initiatives.

    EIB Vice-President Robert de Groot emphasized the importance of
    increased investment in technology, energy, and manufacturing to
    ensure Europe’s long-term competitiveness. He noted that the EIB
    Group is particularly committed to fostering innovation in the
    Netherlands, including through venture capital lending, while
    continuing to support projects that enhance everyday life, such as
    healthcare, flood control, and SME financing.

    In 2024, around a third of the EIB Group’s investments in the
    Netherlands were focused on innovation, particularly those
    supported by the European Commission’s InvestEU programme. Notable
    examples include venture debt for companies like Samotics, LUMICKS,
    and Resato, as well as a financing agreement with chip manufacturer
    NXP to boost R&D for next-generation automotive semiconductors.
    The EIF also made significant contributions, providing guarantees
    for SMEs through ABN Amro and supporting microloans via Qredits.
    Dutch venture capital funds, including 4impact Fund, Innovation
    Industries, and the European Cyber Security Tech Fund, also
    benefited from EIF backing.

    Sustainability remained a core principle in EIB Group
    investments, particularly in supporting sustainable SMEs. Key
    agreements included 450 million euros in financing with ABN Amro,
    focusing on sustainable enterprises, and a ninth impact loan with
    Rabobank offering reduced interest rates to SMEs certified for
    sustainable development.

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