The European Investment Bank (EIB) has launched an Action Plan aimed at bolstering support for startups and enhancing the region’s capital markets. This move comes after discussions with European Union (EU) finance ministers, who have welcomed the plan during the Eurogroup meeting in Luxembourg.
Key components of the Action Plan include:
- Scaling Up Support for European Unicorns: The EIB plans to help innovative businesses grow and stay in Europe by boosting its backing for EU venture capital and private equity markets.
- Green and Digital Bonds Market Integration: The EIB will continue leading the issuance and scaling up of green and digital bonds to improve market integration.
- Large-Scale Investments for EU Priorities: The plan includes mobilizing investments for projects like a financing platform for housing to support EU policies.
The EIB sees itself as a key player in creating a European Savings and Investments Union, addressing capital market fragmentation, and promoting cross-border capital markets.
EIB Group President Nadia Calviño emphasized the importance of keeping European-born companies in Europe by channeling savings into productive investments to spur innovation and job creation.