Our Mission is to further the objectives of the European Union by making long-term finance available for sound investment.
The EIB Group promotes Corporate Responsibility through its mission and activities in the service of the European Union, through the way it implements these and through its internal management.
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Investment in research, development and innovation (RDI) has been identified as a key factor to improve competitiveness and ensure long term economic growth and employment in Europe. But finding private funding sources for RDI projects can be difficult due to their nature:
For this reason, the European Commission and the European Investment Bank have joined forces in the Risk Sharing Finance Facility (RSFF). RSFF is an innovative scheme to improve access to debt financing for private companies or public institutions promoting activities in the field of RDI.
RSFF is built on the principle of credit risk sharing between the European Community and the EIB and extends therefore the ability of the Bank to provide loans or guarantees for investment with a higher risk and reward profile. The RSFF has a EUR 2bn capital cushion, EUR 1bn from the EIB and the same amount from the Commission's 7th Research Framework Programme (2007-2013), enabling the Bank to lend more than EUR 10bn for this kind of investment. By end 2010, more than 60 loans had been signed for a total of EUR 6.3bn.
RSFF financing is available for promoters and entities of all sizes and ownerships, including corporations, midcaps, small and medium-sized enterprises, special purpose companies, public-private partnerships and joint ventures, research institutes, universities and science and technology parks.
The Risk Sharing Finance Facility (RSFF) extends the ability of the bank to provide loans or guarantees for investment with a higher risk and reward profiles in the field of research, development and innovation (RDI). This short film tells the story of a successful new debt financing instrument that allows for more investment in Europe's knowledge economy.
This report provides an independent evaluation of the RSFF activities and covers the period since the set up of the facility until 31.12.2009. It is the first evaluation of this joint EC/EIB facility and follows on earlier evaluations of the Bank’s i2i/Knowledge Economy policy.
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