European Fund for Strategic Investments

DGAP-News: CatalYm to Present Initial Data of First-in-Human Trial of GDF-15 neutralizing antibody CTL-002 at the 2021 ASCO Annual Meeting

Retrieved on: 
Thursday, May 20, 2021
European Union, Multilateral development banks, Financial services, Banking, Economy of the European Union, European Fund for Strategic Investments, EFSI, Asco, European Investment Bank, GDF15, CTL-002, GDFATHER, CatalYm, CTL-002, GDFATHER, CATALYM

GDF-15 is a factor that is secreted by several major tumor entities and interferes with effector T cell recruitment.

Key Points: 
  • GDF-15 is a factor that is secreted by several major tumor entities and interferes with effector T cell recruitment.
  • "Our tailored \'mono-followed-by-combination\' trial design allows all participating patients to access a promising, novel antibody combination therapy from the very start of the clinical trial, resulting in great patient and Investigator interest in trial participation."\nDr.
  • "\nAn additional abstract on GDF-15 preclinical data will appear in the 2021 ASCO Annual Meeting Proceedings, a Journal of Clinical Oncology supplement.
  • CatalYm received financial support from the EIF via the EIB-EIF Co-investment Facility, backed by the European Union through the European Fund for Strategic Investments (EFSI).\n'

CatalYm to Present Initial Data of First-in-Human Trial of GDF-15 neutralizing antibody CTL-002 at the 2021 ASCO Annual Meeting

Retrieved on: 
Thursday, May 20, 2021
Life sciences, Biotechnology, Health sciences, Virotherapy, GDF15, European Fund for Strategic Investments, Immunotherapy, Biopharmaceutical, EFSI

GDF-15 is a factor that is secreted by several major tumor entities and interferes with effector T\xc2\xa0cell recruitment.

Key Points: 
  • GDF-15 is a factor that is secreted by several major tumor entities and interferes with effector T\xc2\xa0cell recruitment.
  • \xe2\x80\x9cOur tailored \xe2\x80\x98mono-followed-by-combination\xe2\x80\x99 trial design allows all participating patients to access a promising, novel antibody combination therapy from the very start of the clinical trial, resulting in great patient and Investigator interest in trial participation.\xe2\x80\x9d\nDr.
  • More information on trial can be found at https://clinicaltrials.gov .\nCatalYm is a biopharmaceutical company developing novel cancer immunotherapies targeting Growth-and-Differentiation Factor 15 (GDF-15).
  • CatalYm received financial support from the EIF via the EIB-EIF Co-investment Facility, backed by the European Union through the European Fund for Strategic Investments (EFSI).\n'

Germany: EIB provides €50 million in risk financing to Wachstumsfonds Bayern 2

Retrieved on: 
Tuesday, March 23, 2021
European Union, Finance, Multilateral development banks, Financial services, European Investment Bank, EFSI, EIB, Angel investor, European Fund for Strategic Investments

The European Investment Bank (EIB) will provide up to 50million in risk financing to Wachstumsfonds Bayern 2 (WBF2), a venture capital fund set up on the initiative of the Free State of Bavaria.

Key Points: 
  • The European Investment Bank (EIB) will provide up to 50million in risk financing to Wachstumsfonds Bayern 2 (WBF2), a venture capital fund set up on the initiative of the Free State of Bavaria.
  • Its target size is 165million, with LfA Frderbank Bayern (LfA) having already committed to an investment of up to 115million.
  • The EU bank is providing this EFSI-backed risk financing as part of the Investment Plan for Europe.
  • EIB Vice-President Ambroise Fayolle, in charge of the EU banks activities in Germany, emphasised: I very much welcome the cooperation with LfA Frderbank Bayern to set up WBF2.
  • For the EIB, with the backing of the Investment Plan for Europe, supporting investment that is aimed towards greater competitiveness is a top priority.
  • Wachstumsfonds Bayern 2, a fund that always acts as a co-investment partner, plays a key role in lining up private investors alongside public sector capital in the financing of start-ups.
  • Background information About LfA LfA Frderbank Bayern, founded in 1951, is the specialist promotional bank of the Free State of Bavaria.

COVID-19 recovery support drives EIB Group investments in Hungary to record high levels

Retrieved on: 
Wednesday, March 17, 2021
European Union, Multilateral development banks, Financial services, Banking, European Investment Bank, EIB, European Fund for Strategic Investments

The European Investment Bank Group (EIB Group) provided 767 million in loans and guarantees to its clients in Hungary in 2020 or 0.57% of Hungarys GDP.

Key Points: 
  • The European Investment Bank Group (EIB Group) provided 767 million in loans and guarantees to its clients in Hungary in 2020 or 0.57% of Hungarys GDP.
  • The EIB also supported the Hungarian Government with loans covering Hungarys participation in projects financed by the European Union and the modernisation of power distribution in south-east Hungary.
  • The two parts of the EIB Group, the European Investment Bank (EIB) and the European Investment Fund (EIF), invested 757.5million and 9.5million respectively, making 2020 a record year for the EIB in Hungary in the past five years.
  • With the challenges of post-COVID recovery and opportunities from EU-led initiatives such as the European Green Plan, I look forward to further extending the EIBs support for the economic and social development of Hungary.
  • EIB focuses on COVID-19 recovery, energy distribution and support for EU-financed projects EIB lending in Hungary totalled 757.5 million through six operations signed in 2020.
  • These activities brought total EIB investments in Hungary to 22.8billion (since the beginning of operations in the country), with 11.22billion invested in the last decade alone.
  • Over the past five years, the EIF has invested some 396 million in equity operations, guarantees and innovative financing in Hungary.
  • EIB Advisory Services help attract new funds to Hungary Through the activities of its advisory services, the EIB provided valuable technical assistance to faster economic and social development in Hungary.

EIB backs EUR 3.7 billion COVID-19 business support, renewable energy, internet, health, education and sustainable urban investment

Retrieved on: 
Friday, March 12, 2021
European Union, Multilateral development banks, Financial services, Banking, European Investment Bank, EIB, Infrastructure, European Fund for Strategic Investments, European Bank for Reconstruction and Development

Business investment, renewable energy and upgrading hospitals, schools, internet services and urban infrastructure will be accelerated by new financing totalling EUR 3.7 billion approved today by the European Investment Bank (EIB).

Key Points: 
  • Business investment, renewable energy and upgrading hospitals, schools, internet services and urban infrastructure will be accelerated by new financing totalling EUR 3.7 billion approved today by the European Investment Bank (EIB).
  • Todays approval of EUR 3.7 billion of new EIB financing will help private and public partners to achieve a green and sustainable recovery, said Werner Hoyer, President of the European Investment Bank.
  • 381 million for transport, hospitals and schools, and sustainable urban investment

    Communities across Europe and beyond will benefit from EIB backed investment to improve transport, upgrade health and education, and unlock investment in cities.

  • New investment to improve energy efficiency, urban transport, education, sports and cultural facilities across the Polish city of Wrocaw will also benefit from new EIB financing agreed today.

Article - InvestEU: EU programme to encourage investment

Retrieved on: 
Friday, March 5, 2021
Money, Economy, Finance, Economy of the European Union, Pensions, European Fund for Strategic Investments, European Commission Investment Plan for Europe, European Union, Capital Markets Union

The programme succeeds the European Fund for Strategic Investments, established in 2015 as the core of the Juncker Plan to increase public and private investment in Europe.

Key Points: 
  • The programme succeeds the European Fund for Strategic Investments, established in 2015 as the core of the Juncker Plan to increase public and private investment in Europe.
  • The new programme brings together financial instruments aiming to support investments that are crucial for economic growth.
  • The plan exceeded its target of attracting 500 billion in public and private investment for projects across the EU by the end of 2020.
  • The main investment partner will continue to be the European Investment Bank, but national promotional banks in EU countries and international financial institutions will also have direct access to the EU guarantee.

EIB Group invests more than €530 million in Croatia in 2020

Retrieved on: 
Saturday, February 27, 2021
European Union, Multilateral development banks, Financial services, Banking, European Investment Bank, EIB, European Investment Fund, European Fund for Strategic Investments

The European Investment Bank Group (EIB Group) provided 530million in loans, equity and guarantees to clients in Croatia in 2020.

Key Points: 
  • The European Investment Bank Group (EIB Group) provided 530million in loans, equity and guarantees to clients in Croatia in 2020.
  • The two parts of the EIB Group, the European Investment Bank (EIB) and the European Investment Fund (EIF), invested 342.5million and 187.9million, respectively, making 2020 a record year for the EIF in Croatia.
  • The EIF contributed to the local economy to the tune of 187.9million, making 2020 a record year for the EIF in Croatia.
  • Together with our partners, we have unlocked new sources of financing and helped kick-start the first venture capital funds in Croatia.
  • The EIB Group provided a significant contribution in the response to the economic consequences of the COVID-19 pandemic in Croatia.
  • EIB supports Croatian SMEs with 342.5million European Investment Bank lending in Croatia reached 342.5million through six operations signed in 2020 in support of the countrys SMEs.
  • EIB Advisory services help attract 654 million to Croatia The EIB Advisory services continued to provide technical and financial advice to public and private partners in the country to create and implement sustainable investment projects and attract new investments in Croatia.
  • The EIB Advisory supported 15 projects in 2020 with total investment cost of 652 million.
  • The EIB Group is working with partners in Croatia on repurposing and extending existing SME and mid-cap loans to support the hardest-hit companies.

Slovakia: EIB Group supports €211 million of investment in 2020 for businesses, energy efficiency, innovation and digitalisation

Retrieved on: 
Saturday, February 27, 2021
European Union, Multilateral development banks, Financial services, Banking, European Investment Bank, EIB, European Fund for Strategic Investments

In 2020, EIB advisory services provided:Support for the preparation of key transport and urban mobility projects in the country, such as the Žilina railway node, the R2 expressway Kosice Šaca-Kosice Oľšany, and the tramway extension to Petržalka in Bratislava.Support to Slovakia’s energy and just transition. EIB advisory services assisted the Slovak authorities in the identification, preparation and appraisal of investments to replace coal in district heat generation in the Nováky and Prievidza areas of Slovakia, as of the 2023/2024 heating season.Around €200 000 of grant to Slovak Investment Holding to enhance its advisory capacities in the area of energy efficiency, with a particular focus on energy performance contracting (EPC).A €1.4 million technical assistance grant from the EIB’s European Local Energy Assistance (ELENA) facility to support the energy efficiency renovation of 55 public buildings and eight street lighting systems and the installation of photovoltaics in the Kosice Region (Košický samosprávny kraj). An assessment of the financing gaps for the agricultural and agri-food sectors in Slovakia, aiming to support the Slovak European Agricultural Fund for Rural Development (EAFRD) in planning and programming the use of financial instruments for the 2021-2027 programming period.An ex ante assessment – supporting optimum deployment of EU funds – for EU financial instruments in all investment sectors for the 2021-2027 programming period, covering research, development and innovation, competitiveness of enterprises, energy efficiency, renewable energy, waste management, transport infrastructure, urban development infrastructure, social economy, sustainable tourism and affordable housing. The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), financed loans, guarantees and equity commitments in Slovakia totalling 211million in 2020.

Key Points: 
  • In 2020, EIB advisory services provided:
    • Support for the preparation of key transport and urban mobility projects in the country, such as the Žilina railway node, the R2 expressway Kosice Šaca-Kosice Oľšany, and the tramway extension to Petržalka in Bratislava.
    • Support to Slovakia’s energy and just transition. EIB advisory services assisted the Slovak authorities in the identification, preparation and appraisal of investments to replace coal in district heat generation in the Nováky and Prievidza areas of Slovakia, as of the 2023/2024 heating season.
    • Around €200 000 of grant to Slovak Investment Holding to enhance its advisory capacities in the area of energy efficiency, with a particular focus on energy performance contracting (EPC).
    • A €1.4 million technical assistance grant from the EIB’s European Local Energy Assistance (ELENA) facility to support the energy efficiency renovation of 55 public buildings and eight street lighting systems and the installation of photovoltaics in the Kosice Region (Košický samosprávny kraj).
    •  An assessment of the financing gaps for the agricultural and agri-food sectors in Slovakia, aiming to support the Slovak European Agricultural Fund for Rural Development (EAFRD) in planning and programming the use of financial instruments for the 2021-2027 programming period.
    • An ex ante assessment – supporting optimum deployment of EU funds – for EU financial instruments in all investment sectors for the 2021-2027 programming period, covering research, development and innovation, competitiveness of enterprises, energy efficiency, renewable energy, waste management, transport infrastructure, urban development infrastructure, social economy, sustainable tourism and affordable housing.
    • The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), financed loans, guarantees and equity commitments in Slovakia totalling 211million in 2020.
    • EIB Vice-President Lilyana Pavlovasaid: Last year, the EIB Groups operations in Slovakia supported businesses during the economic crisis brought on by the COVID-19 pandemic.
    • The Group also helped reduce regional disparities by backing investments in Cohesion regions, which is one of our core priorities.
    • Deputy Prime Minister and Minister of Finance of the Slovak Republic, Eduard Heger said: The EIB Group plays an important role in Slovakia supporting long-term investment and regional development.
    • And here I strongly value the investment appetite, endeavours and measures launched by the EIB Group.
    • In July 2018, exactly three years after EFSI was launched, the EIB Group surpassed this initial goal.
    • With its mandate extended and increased to 500billion in 2017, the EIB Group has now also exceeded its second target, triggering 535.4 billion of additional investment.
    • The EIB Group set up the Pan-European Guarantee Fund (EGF), which started operations in the autumn of 2020.
    • The EIF committed 30 million in Sandberg Investment Fund II SCSp, which has raised in total 109 million of commitments.
    • Such projects support key investment in climate action, energy efficiency, digitalisation, innovation and social infrastructure.

    • EIB Group in Poland in 2020: strong support for COVID-19 response and for green recovery

    Retrieved on: 
    Thursday, February 25, 2021
    European Union, Multilateral development banks, Financial services, Banking, European Investment Bank, EIB, European Fund for Strategic Investments

    In absolute terms, Poland was the fifth biggest recipient of EIB Group financing among the 27 EU Member States after Italy, France, Spain and Germany.

    Key Points: 
    • In absolute terms, Poland was the fifth biggest recipient of EIB Group financing among the 27 EU Member States after Italy, France, Spain and Germany.
    • This overall financing represents around 1% of Polands GDP, making the country the first recipient of EIB Group financing on a per GDP basis among the 15 largest EU economies.
    • We scaled up our green financing and we will continue to do so this year, while helping the public and private sectors to cope with the pandemic.
    • A green recovery and support for innovation are two goals shared by Poland and the EIB - said EIB Vice-President Teresa Czerwiska, who is in charge of operations in Poland.
    • I encourage the EIB to back Poland in financing our digital projects" - said Tadeusz Kociski, Minister of Finance, Development Funds and Regional Policy.
    • Overall EIB Group financing for projects and initiatives linked to the pandemic response in Poland corresponded to about one third of the total financing to the country last year.
    • Green recovery, energy transition and mobility The EIB scaled up its financing in support of Polands energy transition.
    • Overall, in 2020, climate action and environmental sustainability projects reached 41% of the total EIB group financing in Poland (record year).
    • The EIB Group looks forward to making the most of InvestEU, the successor of EFSI under the European budget 2021-2027.

    EIB Group supported €1.4 billion of investments in 2020 in the Czech Republic for businesses, regional infrastructure, climate adaptation, the energy transition and sustainable transport

    Retrieved on: 
    Thursday, February 11, 2021
    European Union, Multilateral development banks, Financial services, Banking, European Investment Bank, EIB, European Fund for Strategic Investments, Outline of the Czech Republic

    In 2020, EIB advisory services provided:Grant support to the Czech-Moravian Guarantee and Development Bank (CMZRB) to help it structure an advisory unit within the organisation. The unit will provide advisory services to Czech project promoters in areas such as transport infrastructure, digital and smart city solutions infrastructure, the circular economy, renewable energy and social infrastructure.An assessment of the financing gaps for the agriculture and agri-food sectors in the Czech Republic, aiming to support the Czech European Agricultural Fund for Rural Development (EAFRD) in planning and programming the use of financial instruments for the 2021-2027 period.€2.25 million of grants from the EIB’s European Local Energy Assistance (ELENA) to the investment programme of the Czech Ministry of Industry and Trade for a comprehensive energy efficiency renovation of the country’s central government buildings. The renovation will increase operational efficiency, improve energy performance and reduce greenhouse gas emissions.Horizontal support in the preparation of projects under the Coal Regions in Transition Initiative in the Czech Republic, as requested by the Czech Ministry for Regional Development. Three Czech regions participated in the initiative – Karlovy Vary, Ústí nad Labem and Moravia-Silesia.Support for innovation and R&D project promoters.Last year, the European Investment Bank also continued to support a number of important projects in strategic sectors, key to the future of the Czech Republic.

    Key Points: 
  • In 2020, EIB advisory services provided:
    • Grant support to the Czech-Moravian Guarantee and Development Bank (CMZRB) to help it structure an advisory unit within the organisation. The unit will provide advisory services to Czech project promoters in areas such as transport infrastructure, digital and smart city solutions infrastructure, the circular economy, renewable energy and social infrastructure.
    • An assessment of the financing gaps for the agriculture and agri-food sectors in the Czech Republic, aiming to support the Czech European Agricultural Fund for Rural Development (EAFRD) in planning and programming the use of financial instruments for the 2021-2027 period.
    • €2.25 million of grants from the EIB’s European Local Energy Assistance (ELENA) to the investment programme of the Czech Ministry of Industry and Trade for a comprehensive energy efficiency renovation of the country’s central government buildings. The renovation will increase operational efficiency, improve energy performance and reduce greenhouse gas emissions.
    • Horizontal support in the preparation of projects under the Coal Regions in Transition Initiative in the Czech Republic, as requested by the Czech Ministry for Regional Development. Three Czech regions participated in the initiative – Karlovy Vary, Ústí nad Labem and Moravia-Silesia.
    • Support for innovation and R&D project promoters.
    • Last year, the European Investment Bank also continued to support a number of important projects in strategic sectors, key to the future of the Czech Republic.
    • Projects delivered through the European Investment Bank in the Czech Republic last year helped around 8 000 small and medium-sized enterprises, thereby supporting more than 147 000 jobs.
    • Between 1992 and the end of 2020, the EIB supported investments totalling 23.2 billion.
    • EIB investments will help these regions to cope with current and future health, economic and climate challenges.
    • The EIB support will help to improve living conditions for some 110000 people in the Czech Republic.
    • Support for sustainable transport In 2020, the EIB provided 223.8 million to upgrade freight and passenger rail transport in the Czech Republic.
    • Some 1190 SME and mid-cap projects are estimated to benefit from EIB loans in the Czech Republic, supporting about 91200 jobs.
    • The EIF also provided guarantees to CSOB, Komercni Banka and Raiffeisenbank Czech Republic as a response to the COVID-19 crisis.
    • The EIB has worked with the Czech Republic since 1992 and invested in infrastructure, small businesses, environment and innovation.
    • Since the start of operations in the Czech Republic, the EIB has provided 22.51 billion of financing to 185 projects.
    • EIBs sustainable transport overview About the European Investment Fund The European Investment Fund (EIF) is part of the European Investment Bank Group.