Editing European Investment Fund

{{Short description|Agency of the European Union}}
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{{Infobox organization
| name                = European Investment Fund
| logo                = European Investment Fund logo new.svg
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| type                = [[International financial institution]]
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| location            = [[Luxembourg City|Luxembourg]]
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| owner               = [[EU member states]]
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| website             = {{URL|www.eif.org}}
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{{Politics of the European Union mini}}
The '''European Investment Fund''' ('''EIF'''), established in 1994, is a financial institution for the provision of finance to [[Small and Medium-sized Enterprise|SME]]s (small and medium-sized enterprises), headquartered in [[Luxembourg City|Luxembourg]]. It is part of the [[European Investment Bank]] Group.

It does not lend money to SMEs directly; rather it provides finance through private banks and funds. Its main operations are in the areas of [[venture capital]] and guaranteeing loans. Its [[shareholder]]s are: the [[European Investment Bank]] (62%); the [[European Union]], represented by the [[European Commission]] (29%); and 30 financial institutions (9%).<ref>{{cite web| url = http://www.eif.org/about/shareholder/index.htm| title = EIF – Shareholders}}</ref>

The [[European Investment Bank|European Investment Bank Group]] is able to assist the development of a broader creative, green ecosystem through the European Investment Fund: venture capital funds, technical transfer, business perspectives, and private-sector equity (infrastructure funds) in general.<ref name=":0">{{Cite book|last=Bank|first=European Investment|url=https://www.eib.org/en/publications/the-eib-group-climate-bank-roadmap|title=The EIB Group Climate Bank Roadmap 2021-2025|date=2020-12-14|publisher=European Investment Bank|isbn=978-92-861-4908-5|language=EN}}</ref><ref>{{Cite web|title=OTB Ventures launches new $60m fund to back European businesses at the next stage of growth|url=https://www.eif.org/what_we_do/equity/news/2021/otb-ventures-launches-new-60m-fund-to-back-european-businesses-at-the-next-stage-of-growth.htm|access-date=2021-10-12|website=eif.org}}</ref>

Since 2015, the EaSI Guarantee Instrument (EU Programme for Employment and Social Innovation), managed by the European Investment Fund, has provided over €280 million in guarantees across Europe and is expected to provide over €3 billion in financing to [[micro-enterprise]]s and [[social enterprise]]s. In the coming years, the EIF intends to continue providing assistance to these types of final beneficiaries in areas heavily impacted by the transition to a [[low-carbon economy]].<ref>{{Cite web|title=EaSI Guarantee Instrument|url=https://www.eif.org/what_we_do/microfinance/easi/easi-guarantee-instrument/index.htm|access-date=2021-10-18|website=eif.org}}</ref>

The EIF is managed by a Chief Executive who acts independently in the EIF's best interests. As of 1 January 2023, the Chief Executive is Marjut Falkstedt.<ref>{{Cite web |title=Senior Management |url=https://www.eif.org/who_we_are/governance/management/index.htm?lang=-en |access-date=2024-02-05 |website=www.eif.org}}</ref>

==See also==
* [[Institutions of the European Union]]

==Sources==
{{Reflist}}

{{European Union topics}}
{{Authority control}}

[[Category:Finance in the European Union|European Investment Fund]]