The European Investment Bank has agreed on 11 September €7 billion of new financing, that includes support for new investment to improve social housing, clean energy and sustainable transport, telecommunications, health and education.

The EIB Board of Directors met in the Croatian capital, Zagreb, ahead of the Croatian Presidency of the EU, and approved €150 million of new support for agriculture, tourism and manufacturing investment by companies across Croatia.

More than €1.4 billion of new financing were approved for transport investment, €630 million for social housing investment in France, Germany, Poland and Sweden, as well as €2.8 billion backing for private sector investment, through both direct financing and credit lines with local banks.

The ten projects approved by the EIB board will be guaranteed by the European Fund for Strategic Investments, the financial pillar of the Juncker plan.