It was preceded by the guarantee agreement signed with the EBRD for the InvestEU Fund and the €2.1 billion leverage for sustainable infrastructure, the green economy and digitalisation.
Today, the Commission signed an agreement with European Bank for Reconstruction and Development (EBRD) for the supply advisory support of up to EUR 60 million for infrastructure, digitization and innovation projects in EU countries. This agreement on the InvestEU Advisory Hub was preceded by the guarantee agreement signed with the EBRD for the InvestEU Fund and the EUR 2.1 billion leverage for sustainable infrastructure, the green economy and digitalisation.
Under the InvestEU Advisory Hub, the EBRD will provide project promoters and financial intermediaries with advisory support on capacity building and market development projects. The value of the consulting services that will be provided will amount to 60.2 million euros. Of this amount, €38.7 million comes from the EU component through the “InvestEU Advisory Hub” budget, which covers advisory initiatives that will be available in all EU Member States where the EBRD operates. The remaining amount is covered by two Member State components earmarked for Romania (EUR 11 million) and Greece (EUR 10.5 million). This aid is financed by the resources of the Recovery and Resilience Mechanism of the countries in question.
The advisory support provided by the EBRD will contribute to the development of quality investment projects in sustainable and social infrastructure, skills and employment, innovation and small businesses, as well as in green and innovative technologies. Finally, it will contribute to the development of projects that will help people trying to escape the Russian invasion of Ukraine.
The Executive Vice-President for an Economy at the Service of People, Mr. Valdis Dombrovskis, said: “This agreement will advance the EU’s agenda to support high-quality investment projects that reflect our common priorities and in particular the green and digital transition, innovation and research. It builds on the EBRD’s knowledge and experience in providing technical and advisory assistance and directing investment where it is most needed. I hope that the EU countries where the EBRD operates will make the most of the agreement when implementing the necessary reforms and investments foreseen in their national recovery plans.”
Economy Commissioner Mr. Paolo Gentiloni added: “The EBRD has long been directing investments to the regions that need them the most. That is why I am delighted that he is our partner in the implementation of InvestEU. With this agreement, we strengthen our cooperation so that the EBRD’s knowledge and experience work to the advantage of InvestEU projects and the full potential of these major investment projects is exploited.”
Lena Flitzani
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