European Commission and European Investment Fund launch €75 million BlueInvest Fund

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Series Details IP/20/167
Publication Date 04/02/2020
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The European Commission launched on 4 February 2020 the BlueInvest Fund, in partnership with the European Investment Fund (IEF), part of the European Investment Bank (EIB).

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Leading figures from the European Commission and the EIB attended the BlueInvest Day conference and launched a €75 million equity investment fund aimed at the blue economy. The BlueInvest Fund would be managed by the EIF and was meant to provide financing to underlying equity funds that strategically target and support the innovative blue economy.

The blue economy includes economic activities related to oceans, seas and coasts. This programme is backed by the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe (or Juncker Plan). It is also complemented by the European Commission's BlueInvest platform, which supports investment readiness and access to finance for early-stage businesses, SMEs and scale-ups.

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