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Promoting a circular economy is high on the EU policy agenda considering its potential to boost
competitiveness, foster sustainable economic growth and generate new jobs. The EIB is a major partner
for circular economy investments in the EU, and has during the last 10 years co-financed projects worth
EUR 15bn. We are now ready to further support the EU transition towards a circular economy.
Water management
69%
13%
Waste management
13%
4%
Product-to-service
1%
0.20
0.60
1.90
2.00
Total:
EUR 14.9bn
10.20
A circular economy can be achieved by re-thinking and redesigning products, business processes and service models
to ensure that the utility and value of materials are maximised, their wastage throughout the value chain is minimised,
and any waste generated is considered an asset rather than
a liability. This will require development of new product-toservice business models, such as pay-per-use and product
leasing, with a related focus on innovative product design
and the development of new access-over-ownership business models. Further efforts must also be made to increase
resource efficiency through activities aimed at reducing resource consumption, to ensure sustainable natural resource
and material management and use based
Circular economy projects reduce resource use and are eligible for EIB financing on account of their environmental and
climate benefits. Projects that include innovative features in
products, production processes or business models are considered eligible owing to their contribution to innovation,
which is another EIB priority.
Water is a valuable but limited and fragile resource. EIB water sector projects contribute to a circular economy by supporting integrated management and efficient allocation of
scarce water resources, improved demand management and
efficient water use all the way to wastewater treatment, reuse and recycling. This includes, among other things, reduction of water losses in production and distribution systems,
recovery of energy from wastewater streams, treated wastewater reuse for industrial, agricultural and urban water sup-
Having made water security a priority, the EIB is also supporting the identification, preparation and financing of projects
aimed at increasing water stewardship in industry, including but not limited to efficiency measures to avoid significant waste of energy and chemicals involved in the treatment and distribution processes. Promising technological
innovations in the water sector, such as resource recovery
from wastewater in households or treatment plants, are also
eligible for EIB financing.
LBS
The EIB has already financed projects involving the modernisation and upgrading of manufacturing facilities and RDI
activities to improve resource efficiency in the food, pulp
and paper sectors. It has also contributed to financing projects in the paper recycling sector, an example of a circular
economy business with environmental benefits in terms of
preserving climate-relevant forest activities. Moreover, the
EIB has financed bio-based industries (e.g. bio-refineries)
including bio-plastics and green chemistry, which will allow
the substitution of fossil fuel-based products with biological
materials.
EFSI is a EUR 16bn guarantee from the EU budget, complemented by an allocation of EUR 5bn of the EIBs own capital.
Its dedicated governance ensures that it remains focused
on its specific objectives, namely to increase the volume of
higher risk projects supported by EIB Group financing operations and address the market failure in risk-taking which hinders investment in Europe.
With EFSI support, the EIB Group will provide funding for
economically viable projects where it adds value, including
projects with a higher risk profile than in ordinary EIB activities. It will focus on sectors of key importance where it has
proven expertise and the capacity to deliver a positive impact on the European economy.
InnovFin Advisory offers specific (financial) advice for innovative projects to improve access to funding from EIB Group
and/or other financing sources, analyses investment conditions and access to finance challenges and opportunities,
and recommends new financing mechanisms and advisory
services where needed.
EIB financing is supported by specialised in-house staff bringing the know-how required to support the development and
structuring of circular economy projects. In providing such
advisory services, the EIB relies on its expertise in financial
structuring, resource efficiency and the water and wastewater, energy and solid waste management, natural resource,
agri-industry, industry and services sectors and SME support.
EIB advisory support can be accessed and requested through
the newly established European Investment Advisory Hub.
SMEs
Midcaps
SME Guarantee
MidCap Guarantee
Large Caps
Advisory
Thematic Finance
Advisory
Large Projects
Mid-Caps
< 3,000 Employees
Large Caps
Typically > 3,000 Employees
Intermediated
SME/Mid-Cap Financing
Intermediated and/or
direct Corporate lending
Financial Advisory
direct products
indirect products
EIB 12/2015
EIB at a glance
EIB GraphicTeam
JASPERS provides independent expert advice and capacity-building support to public authorities and final beneficiaries on high quality projects to be co-financed by European Structural and Investment Funds (ESIF), as well as
programmes and sector strategies that deliver EU policy
objectives.