European Investment Advisory Hub sends projects worth €34 billion to European Investment Bank pipeline

euro currency_

(Mauro Sbicego, Unsplash)

This article is brought to you in association with the European Commission.
  • Advisory Hub has received 2,300 advisory support requests since 2015
  • Majority of requests from cohesion countries
  • More than 150 projects worth €34 billion have applied for EIB financing as a result, as part of an ever increasing contribution to an investable project pipeline
The European Investment Advisory Hub releases its 2019 annual report today, which provides an overview of the impact it has had across the EU. Launched in 2015 as a key component of the Investment plan for Europe, the Advisory Hub has received more than 2,300 requests for advisory support and technical advice. The requests come from across the EU, with the majority coming from cohesion countries, and especially Poland, Bulgaria and Romania. As a direct result of the support received from the Advisory Hub, 150 investment projects worth a total of €34 billion are now being considered for European Investment Bank financing. Around half of those are potentially eligible for backing from the European Fund for Strategic Investments. This figure is expected to increase as advisory support translates into investable projects. European Commissioner for the Economy, Paolo Gentiloni, said: “Providing local authorities and project promoters with tailored technical assistance can help unlock the financing they need to make their projects a reality. Thanks to the European Investment Advisory Hub, up to €34 billion could flow into various projects, including those in clean energy, innovation as well as smart and social infrastructure. We will build on this positive experience in the future InvestEU Advisory Hub.” EIB Vice-President Lilyana Pavlova said: “Development of quality, bankable projects has been a major challenge for most of the European countries for years, limiting investments, growth and development especially in cohesion countries. We can be proud of what the Advisory Hub achieved to help European public and private sector overcome this challenge and attract additional financing, thanks to the EIB signalling effect. The Hub proved to be of key support to European project promoters, helping them identify, prepare and implement investments in line with the priority objectives of the Investment Plan for Europe”. Clean energy, safe roads, social housing and healthcare The Advisory Hub provides tailored advisory services and technical support to an array of sectors. It receives requests from cities, regions, private promoters and small businesses. Some projects to which it has provided support include:
  • Integrating green urban buses in Sofia and Flanders
  • Developing a climate strategy in Florence
  • Boosting healthcare services in Romania
  • Improving road safety in Greece
  • Implementing energy-efficient street lighting in Vilnius
  • Providing more affordable housing in Poznań
You can find many more case studies on the Advisory Hub website. Background The European Investment Advisory Hub is a partnership between the European Investment Bank Group and the European Commission under the Investment Plan for Europe. The Advisory Hub is designed to act as a single access point to various types of advisory and technical assistance services. It supports the identification, preparation and development of investment projects across the EU. Its advisers work directly with project promoters to prepare a tailor-made advisory package to support investment projects. While the Advisory Hub specialises in complex, large-scale advisory requests, it recognises that some project promoters need just a few hours or days of light strategic advice to get them on the right track. Since its launch, the Advisory Hub has provided this kind of support to more than 700 promoters active in the transport, energy, innovation, and health sectors. To enable the successful delivery of its advisory support locally, the Advisory Hub established a network of local partners – national promotional banks and institutions – and reinforced their advisory capacity with funds and technical support. To date, the Hub has committed more than €3 million for reinforcing advisory programmes of its local partners through seven funding agreements signed with national promotional banks and institutions in Bulgaria, Hungary, France, Lithuania, Italy and Slovenia. The Hub has also continued funding the European Bank for Reconstruction and Development’s small business support programme in Romania, Bulgaria, Croatia and Greece.

Discover more from The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com

Subscribe to get the latest posts sent to your email.

Interesting reads

This article is published in association with United Nations.

Guterres warns of ‘wider war’ as Middle East conflict enters second month

The Middle East crisis has lurched into its second month, prompting UN Secretary-General António Guterres to issue a stark warning on Thursday morning that the world is “on the edge of a wider war” with catastrophic global implications. Speaking to the press outside the Security Council in New York, the UN chief painted a grim picture of the rapidly […]
This article is published in association with United Nations.

Middle East war: Energy crunch hits vulnerable nations

The war in the Middle East and the near halt to shipping in the Strait of Hormuz has amplified the energy crunch facing developing nations in Africa and South Asia that rely heavily on imported liquid gas, food and fertilizers.  And with Brent Crude still trading at more than $100 per barrel, many workers and households have reverted to […]
© WHO UN officials in Cyprus oversee the loading of emergency humanitarian supplies for Gaza.

Breaking the Gaza aid bottleneck: 106-tonne delivery arrives via new sea route

This article is published in association with United Nations. The World Health Organization (WHO) has facilitated the delivery of some 106 metric tonnes of lifesaving nutrition supplies to the Gaza Strip – the first shipment via a mechanism to deliver aid by sea, in line with a UN Security Council resolution and amid the ongoing war […]
© IMO Crew members take a break on a ship. (file)

‘No precedent’ for seafarers caught in war zone in post-WW2 era

This article is published in association with United Nations. Some 20,000 seafarers remain stranded on ships in the Strait of Hormuz as the war in the Middle East continues, a situation which has been described as unprecedented in the post-Second World War era. The seafarers are working on some 2,000 ships including oil and gas tankers, […]
© UNIFIL UNIFIL peacekeepers on patrol along the Blue Line in southern Lebanon.

UN condemns killing of two more peacekeepers in Lebanon

This article is published in association with United Nations. The United Nations has condemned two consecutive days of deadly attacks on peacekeepers serving with the UN Interim Force in Lebanon (UNIFIL), amid rising hostilities between Israeli forces and Hezbollah militants.  Two Indonesian peacekeepers were killed on Monday, and two more were injured, in an explosion that hit a UNIFIL logistics convoy, destroying […]
© WFP/Arete/Ali Yunes A building in Beirut lies in ruins after airstrikes in Lebanon.

Middle East war: Attacks on vital healthcare, evacuation strike fears

This article is published in association with United Nations. Almost one month since Israeli and US airstrikes on Iran began, sparking a wider regional war, UN agencies and partners on Friday highlighted the terror among civilians fleeing bombardment, with “no safe space” to go. In a rare piece of good news, though, the UN World Health […]
UN News/Daniel Dickinson The closure of the Hormuz strait is impacting trade on a global scale.

Persian Gulf crisis impacting food security, FAO warns

This article is published in association with United Nations. The intensifying conflict in the Persian Gulf “has triggered one of the most rapid and severe disruptions to global commodity flows in recent times,” the Chief Economist with the UN Food and Agriculture Organization (FAO) said on Thursday.  The crisis is affecting agricultural production and food security worldwide, with impacts […]

Gulf war ‘out of control’, Guterres warns, as UN appoints envoy to push for peace

This article is published in association with United Nations. UN Secretary-General António Guterres has warned that the escalating Gulf war is “out of control”, urging all sides to step back from the brink and allow diplomacy to prevail, as he announced the appointment of a senior envoy to spearhead peace efforts. Speaking outside the UN Security Council in New York […]
This article is published in association with United Nations.

Gaza: Commitment to US-backed plan crucial to recovery, Security Council hears

This article is published in association with United Nations. As tensions escalate in the Middle East, the international community must not lose sight of the situation in Gaza, an official with US President Donald Trump’s Board of Peace across the shattered enclave said on Tuesday in his first appearance in the UN Security Council.  High Representative […]
© IMF/Stephen Jaffe The UN is warning of surging food and fuel prices driven by the escalation of the conflict in the Middle East.

Dire fertiliser shortage a lurking threat due to Hormuz crisis

This article is published in association with United Nations. Since the start of the Middle East conflict with Israeli and US strikes on Iran on 28 February, concerns have been growing over rising oil and commodity prices. At the centre of it lies the Strait of Hormuz – one of the world’s most critical maritime chokepoints […]
© WFP/Arete/Ali Yunes A building in Beirut lies in ruins after airstrikes in Lebanon.

War in the Middle East: Iran nuclear facility hit as equivalent of ‘one classroom of children’ killed, wounded daily in Lebanon

This article is published in association with United Nations. More than 1,000 people have been killed and 2,584 injured in Lebanon since the start of the US-Israel war on Iran, UN officials said Saturday. Key points “Recent escalation has killed or wounded the equivalent of one classroom of children every day,” said Ted Chaiban, deputy chief […]
This article is published in association with United Nations.

Middle East war shockwaves ripple through Asia-Pacific fuel and supply chains

This article is published in association with United Nations. The fallout from the war in the Middle East is rippling far beyond the Gulf, disrupting fuel supplies, shipping routes and supply chains across Asia and the Pacific, with some of the region’s most vulnerable economies already feeling the strain through rising prices, rationing and threats to […]
© WFP/Jaber Badwan A woman carries food rations distributed by the World Food Programme in Almaghazi, Gaza.

Humanitarian needs in Gaza deepen as aid access remains constrained

This article is published in association with United Nations. Humanitarian needs are continuing to grow again across Gaza, the UN agency assisting Palestine refugees (UNRWA) said on Wednesday, amid mounting pressures on aid delivery and the ongoing conflict in the Middle East.  “Families face ongoing hardship” as access to essential aid remains limited and many continue […]
© WFP/Khadija Dia Food is distributed to displaced families sheltering in a school in Tariq Jdide, Beirut.

Middle East war risks pushing 45 million more people into acute hunger

This article is published in association with United Nations. The Middle East war could cause the worst disruption to lifesaving humanitarian work since COVID, the UN World Food Programme (WFP) warned on Tuesday, as the UN chief again demanded an end to the widening conflict. “The Secretary-General asserts once more that the war in the Middle […]
© World Vision Smoke rises in Beit Mery, close to the Lebanese capital, Beirut, following an airstrike.

Middle East war’s ‘spiral of conflict’ drives mounting civilian toll

This article is published in association with United Nations. The widening war in the Middle East and its growing impact on civilians came under scrutiny at the UN in Geneva on Monday, as independent experts briefing the Human Rights Council warned of escalating violence following the onset of Israeli and US strikes on Iran and counterstrikes […]
© Mousawat A mother and child displaced by the conflict in Lebanon receiving care at a clinic.

Middle East war: Women in Lebanon forced to give birth on roadside

This article is published in association with United Nations. As the UN Secretary-General touched down in Beirut on Friday in solidarity with the people of Lebanon, UN agencies highlighted the dangers for civilians and particularly pregnant women and migrant workers, amid ongoing airstrikes and rocket fire between Hezbollah fighters and Israel.  “There’s 11,600 pregnant women who […]
© WFP/Arete/Ali Yunes Some residents of Beirut who have been displaced by the conflict are now living on the streets of the Lebanese capital.

‘Perfect storm’: Lebanon crisis deepens as civilians bear the brunt

This article is published in association with United Nations. Lebanon is facing a “perfect storm of unpredictable challenges” as conflict, mass displacement and dwindling humanitarian resources converge, the UN’s Resident and Humanitarian Coordinator in Lebanon, Imran Riza, has warned. The current escalation began on 2 March, when outgoing fire by Hezbollah drew a strong retaliation from […]
© WFP/Maxime Le Lijour People living in Gaza have received humanitarian aid from the UN throughout the conflict with Israel.

UN relief chief condemns ‘$1 billion-a-day’ cost of war in Middle East

This article is published in association with United Nations. The UN’s emergency relief chief on Wednesday condemned the “$1 billion-a-day” cost of the war in the Middle East, at a time when humanitarian needs are soaring and aid funding is falling dangerously short. “We’re seeing the consequences spread faster than we can respond”, warned the UN emergency […]
© UNICEF/Azizullah Karimi Afghan returnees from Iran gather at the Islam-Border, near Herat in western Afghanistan (file).

‘Toxic rain’ warning from oil depot strikes amid ongoing Middle East war

This article is published in association with United Nations. Toxic “black rain” linked to strikes on oil depots, mass displacement and continuing disruption to aid supply chains are upending lives across the Middle East and beyond after 10 days of war in the region, UN humanitarians said on Tuesday.  Speaking to reporters in Geneva, UN Human […]

Why don't you drop your comment here?

Go back up

Discover more from The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com

Subscribe now to keep reading and get access to the full archive.

Continue reading

Discover more from The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com

Subscribe now to keep reading and get access to the full archive.

Continue reading

The European Sting – Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology – europeansting.com