InvestEU Blue Economy: Additional €500 million EU funds

Invest EU will bring together the European Maritime, Fisheries and Aquaculture Fund, the EIB Group and InvestEU finance, in order to launch a new equity initiative for the blue economy.

Commissioner for Environment, Oceans and Fisheries, Virginijus Sinkevičius, and the Deputy Chief Executive of the European Investment Fund Roger Havenith introduced a new dedicated equity initiative for the blue economy under InvestEU. The additionnal €500 millions funds will result in a total of €1.5 billion of risk-financing available to innovative and sustainable blue economy SMEs and start-ups, via financial intermediaries. The call for expression of interest will be soon published by the EIF.

InvestEU Blue Economy: Commission and EIB to mobilise €500 million with new equity fund for maritime economy