CDP SpA has access to a total guarantee of 655.25 million euro.
On 16 February 2023,CDP S.p.A. signed the Guarantee Agreement with the European Commission under the InvestEU Fund, which provides for a guarantee of up to 375 million euro to cover loans and investments up to a maximum of 750 million euro distributed over three lines of operation.
The Guarantee Agreement has been amended several times, including through an initial amendment (the latest signed on 14 November 2025), which increased the EU guarantee capacity by an additional €280.25 million and expanded its scope to include support for the water sector and public entities.
In this context, CDP S.p.A. designed, developed and launched three dedicated financial products intended to act as a catalyst for investment in Italy. Specifically, these products were created to: support companies investing in research and development, energy-efficiency initiatives, environmental protection projects and the development of green vehicle charging infrastructure; finance sustainable and social infrastructure projects; and invest indirectly, through a Fund of Funds managed by a financial intermediary, in real estate funds dedicated to the development of affordable social housing initiatives.
The InvestEU Loan is aimed at companies seeking to invest in research and development, energy-efficiency initiatives, environmental protection projects, and the development of environmentally sustainable vehicle charging infrastructure. It provides medium-and long-term financing backed by an EU guarantee covering up to 50% of the loan amount, enabling borrowers to benefit from competitive lending conditions and improved access to credit. For more information on how our financial product can help you achieve your development and growth objectives, please contact us by email at infoimprese@cdp.it or on the freephone number 800 020 030.
Policy objectives and eligibility criteria Discover
Information on final beneficiaries Discover
InvestEU Infrastructure Financing is intended to support the development of sustainable and social infrastructure projects. Senior loans, backed by an EU guarantee covering up to 50% of the financing amount, may support projects in the energy, transport, water, circular economy, digital, telecommunications and social infrastructure sectors.
CDP may also provide subordinated financing (so-called junior loans), backed by an EU guarantee covering up to 70% of the financing amount, to support investment projects in the areas of "clean energy and low-carbon innovation", "future mobility", and "water resources".
For more information on how our products can help you realise your projects, please contact us by email at infoinfrastrutture@cdp.it.
Indirect CDP equity investment, through a fund of funds managed by a financial intermediary, in real estate funds dedicated to the development of affordable social housing initiatives (see Annex II, point 12(d)(ii) of the InvestEU Regulation). The investment, backed by an EU guarantee covering up to 50%, is aimed at increasing the supply of housing in Italy, with the objective of alleviating housing deprivation in municipalities under high pressure and in disadvantaged areas where the risk/return profile of investments is such that they do not attract sufficient capital to cover financial requirements.
Financial intermediary information Discover
Fund manager selection process
CDP selected a financial intermediary to manage the fund of funds, in accordance with the principles of open, transparent, proportionate and non-discriminatory procedures set out in European law.
The InvestEU sustainability proofing is a process aimed at ensuring that the projects funded by the Implementing Partners are aligned with the EU's environmental and social sustainability goals. It involves assessing the environmental, climate, and social impacts of the projects in order to minimize risks and maximize benefits in terms of sustainability.
List of operations
PPP CAMPUS UNIMI