France: EIB Group and BNP Paribas increase their existing guaranteed portfolio under InvestEU to €325 million to continue financing innovation and sustainability in Europe

March 16, 2026 by European Investment Bank Leave a Comment

The European Commission has approved a €1.1 billion French scheme to support strategic investments that add clean technology (cleantech) manufacturing capacity in line with the objectives of the Clean Industrial Deal. This measure will contribute to the transition towards a net-zero economy. The scheme was approved under the Clean Industrial Deal State Aid Framework (CISAF) adopted by the Commission on 25 June 2025. This is the eighth cleantech manufacturing capacity scheme approved since the CISAF was adopted, unlocking over €10 billion in support for investments in such capacity. The French measure France notified to the Commission, under the CISAF, a €1.1 billion scheme to support strategic investments that add manufacturing capacity of cleantech, contributing to the objectives of the Clean Industrial Deal. The scheme incentivises investments in additional capacity production of net-zero technologies listed in Annex II of CISAF, like solar, offshore or onshore wind technologies, heat pumps or battery technologies. The scheme also covers costs related to the main specific components of these technologies and the related critical raw materials. Under the scheme, the aid will take the form of a tax credit. The measure will be open to the whole territory of France and aid may be granted until 31 December 2028. The Commission found that the French scheme is in line with the conditions set out in the CISAF. The Commission concluded that the French scheme is necessary, appropriate and proportionate to accelerate the transition towards a net-zero economy and facilitate the development of certain economic activities, which are of importance for the implementation of the Clean Industrial Deal. This is in line with Article 107(3)(c) of the Treaty on the Functioning of the EU and the conditions set out in the CISAF. On this basis, the Commission approved the aid measure under EU State aid rules. Background On 25 June 2025, the Commission adopted the CISAF to foster support measures in sectors which are key for the transition to a net-zero economy, in line with the Clean Industrial Deal. The CISAF allows the following types of aid, which can be granted by Member States until 31 December 2030 in order to accelerate the green transition: Measures accelerating the rollout of renewable energy and low-carbon fuels (sections 4.1 and 4.2). Member States can set up schemes for investments in all renewable energy sources as well as energy storage, with simplified tender procedures. Specific rules are also provided to accelerate the roll-out of low-carbon fuels. Measures allowing temporary electricity price relief for energy-intensive users to ensure the transition to low-cost clean electricity (section 4.5). Such measures will help to avoid industrial activities relocating to locations where environmental regulations are absent or less ambitious, before the decarbonisation of the EU's electricity system fully translates into lower electricity prices. Measures facilitating the decarbonisation of industrial processes (section 5). Member States can support investments in the decarbonisation of industrial activities to reduce dependency on imported fossil fuels. This can happen through electrification, energy efficiency and the switch to the use of renewable and electricity-based hydrogen which complies with certain conditions, with expanded possibilities to support the decarbonisation of industrial processes switching to hydrogen-derived fuels. Measures to ensure sufficient clean technology manufacturing capacity (section 6). Member States can grant investment support for investment projects concerning technologies covered by the Net Zero Industry Act (final products such as batteries, solar panels, wind turbines, heat-pumps, electrolysers, and carbon capture usage and storage, including main specific components). This also includes the production and recycling of related critical raw materials. Measures to de-risk private investments required for the roll-out of clean energy, industrial decarbonisation, clean tech manufacturing, certain energy infrastructure projects, and projects supporting the circular economy (section 8). More information on the CISAF can be found online. For more information The non-confidential version of today's decision will be made available under the case number SA.120765 in the State aid register on the Commission's competition website once any confidentiality issues have been resolved. New publications of State aid decisions on the internet and in the Official Journal are listed in the Competition Weekly e-News. Quote(s) Teresa Ribera, Executive Vice-President for Clean, Just and Competitive Transition This scheme of over €1 billion will ensure additional clean technology manufacturing capacity in France. The tax credits granted under this scheme will help companies making key investments in the coming years. At the same time, any potential competition distortions are kept to the minimum. Teresa Ribera, Executive Vice-President for Clean, Just and Competitive Transition — (Credit: Unsplash)

This article is published in association with European Investment Bank.

The European Investment Fund is providing additional €250 million uncapped guarantees to the existing €75 million guarantee agreement already signed with BNP Paribas S.A.
The new total of €325 million is expected to mobilise at least €465 million of financing in the real economy.
Up to 25-30 new transactions are foreseen to be originated per year, supporting scale-up companies across the EU, for a total of up to 100 transactions over a period of 3 years.
This guarantee is backed by the InvestEU, the EU initiative aiming to mobilise investments in innovation, sustainability and competitiveness.

BNP Paribas has secured an additional €250 million guarantee from the European Investment Bank Group via the European Investment Fund (EIF) under the InvestEU Programme. This significant envelope enables BNP Paribas to advance its goal in supporting innovative and sustainable businesses across the EU, reinforcing its position as a major player in the region and global leader in sustainable finance.[1]

“In 2025, the EIB Group signed through the EIF close to €5 billion in guarantees across Europe, contributing to increase the financing for small and medium-sized businesses”, said Ambroise Fayolle, vice-president of the European Investment Bank. “Guarantees allow banks to expand financing to the real economy and support more risky projects, which in turn drive innovation. By allocating €250 million more in guarantees to BNP Paribas SA, we increase financing for SMEs actively engaged in the twin transition – green and digital”.

“We are proud to partner with the EIF to support the European economy and drive innovation and sustainability,” said Christopher Kramme – Head of BNP Paribas Growth Solutions. “This guarantee is a recognition of our commitment to make a positive impact on the region’s growth and development.

This collaboration will enable growth and innovation in the European economy. The envelope will be split into three portfolios focused on innovation and on sustainability and its deployment will be overseen by both BNP Paribas Growth Capital & Solutions and the bank’s CPBS (Commercial, Personal Banking & Services) division, with a two-year deployment period remaining:

1. The Innovation and Digitalisation Portfolio will fuel the growth of innovative SMEs and Small Mid-Caps, enhancing their access to finance and accelerating the adoption of digital technologies and transformation.

2. The Sustainability Climate Change Mitigation Portfolio will provide support to investments in climate change mitigation such as renewable energy solutions, energy-efficient commercial buildings, industrial energy efficiency initiatives, low-emission mobility solutions and green Information and communication technologies.

3. The Sustainability SMEs and Small Mid-Caps Portfolio will back investments in SMEs and Mid-Caps driving the green and sustainable transformation of the European economy.

BNP Paribas’ partnership with EIF provides a guarantee that allows the bank to invest in earlier-stage projects. BNP Paribas will continue to apply its rigorous credit policies, techniques, technology and due diligence, ensuring that each investment meets the highest standards.

BNP Paribas has built a unique offer through its proprietary data and technology platform, one of the most advanced analytics platforms in the banking industry. This platform enables live tracking of business models and goals, providing a far more reliable way of tracking investments.

This initiative illustrates the EIB Group’s and BNP Paribas’ innovative approach and commitment to supporting European growth. BNP Paribas will be able to support additional transactions, boosting its activity and volume, while leveraging on its extensive network of 200 bankers in Europe focused on innovative companies and 5,200 start-up and scale-up clients, accelerating the growth of innovative and sustainable businesses across the region.

Background information

About the EIB

The European Investment Bank (ElB) Group is the financing arm of the European Union, owned by the 27 Member States, and one of the largest multilateral development banks in the world. In 2025, the EIB Group signed €100 billion of new financing and advisory services for over 870 high -impact projects in eight core priorities that support EU policy objectives: climate action and the environment, digitalisation and technological innovation, security and defence, territorial cohesion, agriculture and bioeconomy, social infrastructure, strong global partnerships and the savings and investment union. Beyond long-term loans for large infrastructures, the EIB Group crowds-in private investment for high-risk innovative projects and businesses, with a growing role in Europe’s markets for venture debt, venture capital, guarantees and securitisations

The European Investment Fund (EIF) is the subsidiary of the EIB specialised in providing equity, guarantees and securitisations to improve access to finance for small and medium size businesses and startups across Europe. Acting as an anchor investor, through its extensive network of partnering banks and investment funds, EIF mobilises private investment and nurtures the ecosystem of venture capital funds to support innovative European entrepreneurs.

In 2023, the EIF launched together with six member states (France, Germany, Italy, Spain, Belgium and the Netherlands) the European Tech Champions Initiative, a fund of funds to scale-up innovative startups. This initiative has already enabled the creation of 14 European venture capital mega-funds and scaled up 40 companies, including 11 unicorns (with more than €1 billion in valuation).

High-quality, up-to-date photos of the organisation’s headquarters for media use are available here.

InvestEU

The InvestEU programme provides the European Union with long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps to crowd in private investment for the European Union’s strategic priorities such as the European Green Deal and the digital transition. InvestEU brings all EU financial instruments previously available for supporting investments within the European Union together under one roof, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund is deployed through implementing partners that will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

About BNP Paribas

Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has over 180,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. The Group has a historic footprint in four eurozone markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

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.

© UNDP/Oleksandr Ratushniak A substation in Ukraine damaged during ongoing strikes in the war with Russia.

Ukraine: Drone attacks on Chornobyl are ‘gambling with the safety of millions of people’

September 11, 2026

This article is published in association with United Nations. A drone strike on the protective structure at the Chornobyl Nuclear Power Plant could have endangered the safety of millions of people, UN Development Programme (UNDP) Administrator Alexander De Croo told reporters via video link from Kyiv on Thursday. He is visiting Ukraine, with his mission focused […]

© UNHCR/Dar Al Mussawir Smoke rises above residential neighborhoods in Tyre, southern Lebanon, following an Israeli airstrike. (file)

UN chief demands Israeli withdrawal from Lebanon amid Nabatieh escalation

September 10, 2026

This article is published in association with United Nations. The Secretary-General has condemned mounting civilian casualties in southern Lebanon and called on Israel to withdraw its forces from Lebanese territory, as fighting intensifies in and around Nabatieh. Key points In a statement issued by his Spokesperson, Stéphane Dujarric, the Secretary-General said he was “deeply concerned” by […]

UN chief demands Israeli withdrawal from Lebanon amid Nabatieh escalation

September 9, 2026

© UNOCHA/Viktoriia Andriievska The aftermath of a drone strike in Kyiv, Ukraine (file). UN High Commissioner for Human Rights Volker Türk (file) said on Monday that he was "horrified" by the thought of fully autonomous weapons being used in battle.

AI: Türk urges action before it becomes an ‘existential risk to humanity’

September 8, 2026

This article is published in association with United Nations. UN human rights chief Volker Türk added his voice on Monday to growing calls for greater AI controls, warning that the revolutionary technology could become an “existential risk to humanity” if left unchecked. Without binding rules, independent oversight and clear limits, the technology could become impossible to […]

As wildfires spread north, UN agencies race to help Europe adapt

September 7, 2026

This article is published in association with United Nations. As the climate warms, the threat of wildfires is spreading in Europe. How can historically cooler and wetter countries prepare? Human activity causes most of the wildfires breaking out across Europe, but their spread, speed and intensity are strongly affected by the warmer, drier conditions associated with […]

© UNICEF-SoP/Crickx People walk down a dusty road in the West Bank carrying belongings.

West Bank: UN rights report warns of forcible displacement from three refugee camps

September 5, 2026

This article is published in association with United Nations. Israeli security forces forcibly displaced the entire population of three Palestine refugee camps in the occupied West Bank in January and February last year – and continue to prevent their return, in violation of international law, according to a new report by the UN human rights office, OHCHR. […]

©UNIFIL/Tilak Pokharel UNIFIL personnel distribute food kits to displaced families in Saida, Lebanon.

Lebanon–Israel tensions escalate as Gaza sees major aid delivery

September 4, 2026

This article is published in association with United Nations. Peacekeepers in Lebanon have reported a marked deterioration in the security situation along the Blue Line of separation, with Israeli forces intensifying their military footprint in violation of a landmark Security Council resolution, UN Spokesperson Stéphane Dujarric said on Thursday. Meanwhile, in Gaza, humanitarian teams collected hundreds […]

This article is brought to you in association with the European Commission.

World News in Brief: US-Iran war intensifies, aid for Myanmar, casualties in Ukraine

September 3, 2026

This article is published in association with United Nations. Fighting between the United States and Iran has sharply escalated after a month-long lull, with the two sides exchanging strikes as fears grow over further civilian casualties. The US military struck rocket launchers on an island in the Strait of Hormuz over the weekend, days after US […]

© WFP/Hugh Rutherford A family eat lunch in the Bedouin community of Umm Al Khair, West Bank.

Food aid cutback in the occupied West Bank as health fears grow in Gaza

September 2, 2026

This article is published in association with United Nations. Lack of funding has forced the World Food Programme (WFP) to slash aid to families in the West Bank by half even though needs have more than doubled over the past two years. “We’re running out of funding, and that means that from today, some 200,000 people […]

© UNICEF/Laxmi Prasad Ngakhusi Mud covers Nuwakot district in central-northern Nepal following devastating flash floods.

Nepal flooding deaths surpass 900 as needs climb

September 1, 2026

This article is published in association with United Nations. The confirmed death toll from Nepal’s catastrophic floods has surged to 903, with more than 4,200 still missing as rescue crews and humanitarian workers battle blocked highways to reach the hardest-hit areas, UN Spokesperson Stéphane Dujarric said on Monday. Key points Triggered by a glacier collapse and […]

© WFP/Mohamad Al Hinnawi Brothers sitting outside their family’s tent in Gaza.

Four children killed as separate attacks in Gaza destroy aid supplies

August 31, 2026

This article is published in association with United Nations. Israeli attacks killed four children and destroyed humanitarian aid supplies in what turned out to be a deadly week in war-ravaged Gaza, the UN emergency relief agency, OCHA, said on Friday. Key points According to UNICEF, the four children – aged two to 16 – were reportedly […]

© UNICEF Buildings are submerged in mud following flash floods in Rasuwa district in central-northern Nepal.

Deadly floods cause widespread destruction in China, Nepal

August 27, 2026

This article is published in association with United Nations. Severe flooding in China and Nepal caused widespread destruction and mounting death tolls, UN agencies reported on Wednesday as aid efforts deployed to help provide emergency assistance. UN agencies and humanitarian partners are already providing support to local authorities, said UN Spokesperson Stéphane Dujarric. “The Secretary-General is […]

This article is published in association with European Investment Bank.

As wars spread, the global food system unravels

August 26, 2026

This article is published in association with United Nations. A family with four children abandoned its farm in Somalia after armed groups arrived and demanded payments for the right to continue cultivating the land. They walked roughly 100 kilometers to a displacement camp. One of the children died along the way. Carl Skau, the acting head […]

Gaza: Children still at risk despite drop in acute hunger

August 25, 2026

This article is published in association with United Nations. Among tent cities pitched on the rubble of destroyed homes in Gaza, children are, by one measure, finally getting enough to eat. By another, however, many of them may never fully recover, according to a new study by the UN Children’s Fund (UNICEF) released on Monday. Key points Hunger […]

UN Photo/Elma Okic Secretary-General of the International Telecommunication Union (ITU) Doreen Bogdan-Martin speaks at the AI for Good Global Summit in Geneva. (file)

AI for Good: How the UN uses AI to advance human rights

August 24, 2026

This article is published in association with United Nations. For Ari, a six-year-old boy with learning difficulties in Jamaica, artificial intelligence (AI) opened the door to something many children take for granted: reading a book in his own language. Thousands of miles away, gold miners in Ethiopia are being screened more quickly for tuberculosis, while communities around […]

This article was exclusively written for The European Sting by Ms. Imane El Maimouni, a 22-year-old fifth-year Moroccan medical student at the Faculty of Medicine and Pharmacy of Casablanca. She is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer and do not necessarily reflect IFMSA’s view on the topic, nor The European Sting’s one.

Who heals the healers?

August 22, 2026

This article was exclusively written for The European Sting by Ms. Levina Kulembeka, a Medical Doctor from Tanzania passionate about global health. She is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer and do not necessarily reflect IFMSA’s view on […]

Middle East: 94 per cent need shelter in Gaza, Israel ramps up demolitions in Lebanon

August 21, 2026

This article is published in association with United Nations. Ninety-four cent of Gaza’s 2.1 million residents need shelter as Israeli gunfire and strikes continue inside the enclave, UN agencies and peacekeepers warned on Thursday. Key points More than four out of five families currently face critical or catastrophic living conditions, which lack fuel, energy and essential […]

© IOM/Lisa George Flooding in Sudan has displaced 20,000 people since June (file).

Sudan war: 200,000 newly displaced as fighting and floods intensify

August 20, 2026

This article is published in association with United Nations. Intensifying fighting in Sudan has displaced at least another 200,000 people since late 2025, while destructive seasonal floods are compounding the massive humanitarian emergency there, the UN International Organization for Migration (IOM) said on Wednesday. In an alert, the agency also warned that relief access has been […]

© UNRWA/Kazem Abu-Khalaf A girl looks out the window of her home in the Jenin refugee camp in the West Bank, where she and other family members were trapped during an Israeli military operation.

Raising alarm over new illegal Israeli outposts, UN condemns attacks, incitement against Palestinians

August 20, 2026

This article is published in association with United Nations. Reports of new illegal Israeli outposts in the occupied West Bank raised alarms at UN Headquarters on Wednesday while the UN rights office called on Israel to condemn its national security minister’s words that incite “violence amounting to atrocity crimes” against Palestinians. Key points “The Secretary-General is […]