Overview of InvestEU Guarantee Products by EIF
InvestEU, in collaboration with the European Investment Fund (EIF), offers over 12 billion euros across six guarantee solutions to facilitate debt financing for private individuals, micro, small, and midcap businesses. These guarantee products target various sectors like SME innovation, digitalization, cultural and creative industries, microfinance, social entrepreneurship, skills development, education, sustainability, and competitiveness. The guarantee solutions aim to support enterprises in adapting to change, driving economic growth, and contributing to a green and sustainable transformation in Europe. Criteria and examples are provided, with more detailed information available upon the launch of InvestEU.
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InvestEU and the EIF Roland Kampe European Investment Fund
2 InvestEU guarantee products overview A range of products to offer targeted finance for smaller companies and individuals across the key policy areas and at different stages of their development. Six guarantee products to incentivise debt financing and a capacity building instrument.
InvestEU Guarantee Products overview Guarantee products 3 Over 12bn across six guarantee solutions to incentivise debt financing to private individuals, micro, small and midcap businesses SME Innovation & Digitalisation Cultural & Creative Sector Microfinance & Social Skills & Education Sustainability Competitiveness Financing for Enterprises to support a thriving, agile and profitable European creative and cultural space, & one which is adaptable to change Innovation and digitalization-driven enterprises to help drive Europe s economic growth and global competitiveness Sustainable enterprises as well as sustainable investments which contribute to the green and sustainable transformation of Europe Students and learners as well as enterprises providing training & organisations active in the sector in order to develop a nascent market for education finance Enterprises which are perceived as high risk (or lacking collateral) to improve the competitiveness of European enterprises Microenterprises, social enterprises to contribute to a caring and inclusive European social ecosystem NB: the present list of criteria and examples is not exhaustive. More detailed information on eligibility and inclusion criteria shall be made available upon the launch of InvestEU. Follow EIF s channels for updates.
Guarantee solutions Comparison of guarantee key features (1/2) 4 SME Sustainability Innovation & Digitalisation Cultural & Creative Micro & Social Entrepreneurship Skills & Education Competitiveness Type of instrument Capped Portfolio Guarantee All Higher Risk Categories All eligibility criteria All eligibility criteria All eligibility criteria Capped Portfolio Guarantee Capped Portfolio Guarantee Uncapped Portfolio Guarantee All eligibility criteria All eligibility criteria All eligibility criteria All eligibility criteria Higher Risk Category 3 only All eligibility criteria Guarantee rate 70%SMEs & Small mid-caps 80%Natural persons and housing associations Up to Higher risk category 1&2 Higher risk category 3 50% Up to Up to Up to Up to 70% 70% 80% 70%All Up to categories except for A Up to Up to 70% Up to 80% Category A 80% Up to Rate applicable to Cohesion and/or Just transition Cap rate 25% 25% 30% Up to Up to Up to Guarantee fee Uncapped Portfolio Guarantee for any Final Recipient Transaction that is not in the form of Subordinated Debt Uncapped Portfolio Guarantee for Subordinated Debt Capped Portfolio Guarantee 0.2% p.a. 0.75% p.a Free of charge (uncapped inapplicable) 1.2% p.a
Guarantee solutions Comparison of guarantee key features (2/2) 5 SME Sustainability Innovation & Digitalisation Cultural & Creative Micro & Social Entrepreneurship Skills & Education Competitiveness Target final recipients Micro / Social Enterprises Small Mid- Caps Small mid- caps Small Mid- Caps Small Mid- Caps SMEs SMEs SMEs SMEs SMEs Small Public Enterprises Small Public Enterprises Housing Associations Natural Persons Natural Persons For Category A Maximum debt financing principal amount 30k* 50k Microfinance Category A 7.5m Private Financial Intermediary 2m 2m 2m All Categories except for A Social Entrepreneurship Where Financial (Sub-) Intermediary is National Promotional Bank or Institution Higher Risk Category 1&2 12m Debt financing maturity range 12 months 3 months 12 months MIN Higher Risk Category 3 3yrs No maximum maturity MAX provided that the coverage of the Final Recipient Transactions shall not extend beyond Individual (Counter-) Guarantee Termination Date. * * In duly justified circumstances, such amount may be increased up to EUR 50 000. Please see Call for Expression of Interest for more information
6 Guarantee solutions InvestEU how to apply The application process in three steps Step 1 Step 2 Step 3 I am Entry point Call open until 30 June 2027 Call for Expression of Interest a Lender interested in applying for Visit www.eif.org to review the Call for Expression of Interest documentation, which includes: detailed product term sheets reporting requirements & templates FAQs and more Explore the EIF s new Information Point for Financial Intermediaries to get a first overview of the InvestEU products on offer & to understand where your interests may lie submit your application via the dedicated email address A portfolio guarantee from EIF
SMEW-SIW Portfolio Guarantee Products Deployment status 7 Deploymentstatus as of15 October2023 (SMEW-SIW) 97 guarantee agreements signed with 90 FIs 65 FIs entered into a guarantee agreement covering 2 or more guarantee products EUR 3.8bn signed guarantee amount*, of which: Uncapped transactions c.EUR 3.4 bn* Capped transactions EUR 413m* # FIs per country # of signed guarantee products ES 1 8 9 5 12 8 8 7 4 3 5 5 6 4 3 3 2 3 2 5 2 2 1 2 1 1 1 Multi-Country 2 8 10 IT 3 8 8 1 FR 2 5 4 7 PT 4 3 4 2 BG 1 4 6 2 Expected portfolio volume (signed transactions) EUR 12.8bn Covering 25 Countries (incl. Multi-Country transactions)** CZ 2 5 5 2 BE 2 2 4 4 SE 3 5 2 HR 2 2 3 4 1 FI 3 3 SK 1 1 3 2 Signatures under SMEW- SIW guarantee products SL 2 4 LT 1 3 2 EURm Signed** o/w EU Guarantee # signed HU 2 2 1 DK 1 3 1 37 NL SME Competitiveness Guarantee 2 1 1 441 110 AT 2 2 81 Sustainability Guarantee Innovation and Digitalisation Guarantee 1,616 1,573 404 393 RO 1 1 63 PL 2 Culture and Creative Sectors Guarantee 173 43 23 IE 1 1 LU 1 5 EL 1 * Cap amount for capped guarantees and guarantee amount for uncapped guarantees ** Latvia, Estonia and Germany entered into InvestEU guarantee agreements via Multi-Country transactions.
