Final report on the participation of the European Union in the capital increase of the European Investment Fund

Summary:

On 12 December 2018 the European Commission presented its final report on the EU's participation in the capital increase of the European Investment Fund (EIF).

Further information:

The EIF was established in 1994 by the European Investment Bank (EIB), the European Community, now the European Union (EU), and public and private financial institutions, with an authorised capital of €2 bn.

In 2007 the authorised capital was increased to €3 bn. A second capital increase approved by the EIF shareholders on 27 May 2014 brought the EIF’s authorised capital to €4.5 bn.

This final report assesses how the increase in the capital of the EIF has reached the objective of increasing the EIF’s support of actions in favour of enterprises, particularly small and medium-sized enterprises (SMEs).

It follows the December 2016 interim report, which found that the capital increase, which at that point has not yet been completely finalised, had already led to increased financing made available to SMEs and mid-caps.