Maite Cordero
- European Investment Bank
- Communication Department
- Calle José Ortega y Gasset, 29
- 28006 Madrid
- Spain
The European Investment Bank (EIB) has activated financial instruments to back recovery and reconstruction in areas affected by the recent devastating floods in Spain.
The EIB Group outlined the progress of the European Tech Champions Initiative (ETCI) – the fund of funds promoted by the European Union and participating EU Member States to foster the growth of cutting-edge technology startups with high growth potential (scale-ups) – today in Madrid. This initiative is led by the European Investment Fund (EIF), the EIB Group's specialist provider of investment capital to benefit small and medium-sized enterprises (SMEs) and mid-caps.
The European Investment Bank (EIB) has approved a €300 million loan to finance the construction of the Salto de Chira pumped-storage hydroelectric power plant being built by Red Eléctrica, a subsidiary of Redeia, in Gran Canaria.