CDP, EIB and EIF renew their cooperation on co-financing and sustainable growth projects

CDP, EIB and EIF renew their cooperation on co-financing and sustainable growth projects

Strengthened cooperation and the exploration of new investment opportunities, including outside Italy. These were the main objectives of the meeting between the CDP Group, the European Investment Bank (EIB) and the European Investment Fund (EIF) held today in Luxembourg.

The discussion between the two delegations, one led by Chief Executive Officer Dario Scannapieco and the other by EIB Vice President Gelsomina Vigliotti, provided an opportunity to take stock of the main areas of synergy, ranging from support for the venture capital and social housing markets to infrastructure development, and from support for businesses and the general government to international cooperation.

The same issues were also at the centre of a discussion between Vigliotti, Scannapieco and the President of the EIB and the EIF, Nadia Calvino.

This partnership is also active in forums and associations that bring together Europe's main National Promotion Institutions, such as the "5+1" format and the European Long-Term Investors Association (ELTI), and which sees the CDP Group and the EIB Group cooperating in the implementation of major European Union investment programmes, such as InvestEU.

The second held in 2024, this meeting is part of the more than ten-year collaboration between the institutions, which in 2022-2023 alone helped to support investments in the real economy amounting to some €13 billion. A recent example is the initiative whereby CDP and the EIB provided a €215 million loan for the construction of the new campus of the University of Milan, which will be built in the Milan Innovation District (MIND) and will accommodate more than 23,000 students, researchers, faculty and staff.