The European Investment Bank agreed on 14 November to support €6.9 billion of new investment across Europe and around the world to improve communications, renewable energy, sustainable transport, social housing and education infrastructure.

More than €1.3 billion of the new financing will be used to improve internet and mobile telecommunication services. €1.5 billion of the new financing is planned to support energy efficiency projects around the world, and €1.7 billion will be used for business and corporate innovation investment, through direct financing and credit lines with local banks.

The European Fund for Strategic Investments, the financial pillar of the Juncker Plan will support €2.2 billion of new investment for projects approved by the EU bank.