Press Release: EU and EIB Group join forces to support up to €48 billion in R&I investment

On 12 June 2014, the European Commission and the European Investment Bank Group (EIB) launched a new generation of EU financial instruments and advisory services to help innovative firms access finance more easily.

Over the next seven years, it is expected that the "InnovFin – EU Finance for Innovators" products will make available more than €24 billion of financing for research and innovation (R&I) by small, medium and large companies and the promoters of research infrastructures. This finance is expected to support up to €48 billion of final R&I investments.

ESO: Background information: Commission points to innovation reforms to sustain economic recovery http://www.europeansources.info/record/press-release-commission-points-to-innovation-reforms-to-sustain-economic-recovery/

EIB: What we offer: Lending: InnovFin – EU Finance for innovators http://www.eib.org/products/blending/innovfin/

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