European Investment Advisory Hub sends projects worth €34 billion to European Investment Bank pipeline
The European Investment Advisory Hub releases its 2019 annual report today, which provides an overview of the impact it has had across the EU. Launched in 2015 as a key component of the Investment Plan for Europe, the Advisory Hub has received more than 2,300 requests for advisory support and technical advice.
The requests come from across the EU, with the majority coming from cohesion countries, and especially Poland, Bulgaria and Romania. As a direct result of the support received from the Advisory Hub, 150 investment projects worth a total of €34 billion are now being considered for European Investment Bank financing.
Around half of those are potentially eligible for backing from the European Fund for Strategic Investments. This figure is expected to increase as advisory support translates into investable projects.
Commissioner for the Economy, Paolo Gentiloni, said: “Providing local authorities and project promoters with tailored technical assistance can help unlock the financing they need to make their projects a reality.
Thanks to the European Investment Advisory Hub, up to €34 billion could flow into various projects, including those in clean energy, innovation as well as smart and social infrastructure. We will build on this positive experience in the future InvestEU Advisory Hub.”
Marta Wieczorek –