The shareholders of the European Investment Bank (EIB) Group, the EU Member States, approved a record-high financing ceiling of €100 billion for this year and new programmes to strengthen Europe’s competitiveness, technological leadership and security.

The EIB Board of Governors, made up of European Union Finance Ministers, endorsed the 2025 financing ceiling at a meeting today in Luxembourg. The Boards of Directors of the EIB and of the European Investment Fund (EIF) gave the green light earlier this week to the increase in financing for security and defence, energy grids and the new TechEU programme to boost Europe’s technological leadership. They also approved flagship projects including to support Ukraine’s economy and the construction of a major military base in Lithuania.

“The unanimous support of our shareholders, the 27 Member States, for our proposals to provide record financing for defence, energy security and tech leadership, shows the key role of the EIB Group to support Europe’s strategic priorities,” said EIB Group President Nadia Calviño. “In a world where everything everywhere is changing all at once, the EU is a beacon of clarity, confidence and stability.”

The EIB Group’s new 2025 financing ceiling of €100 billion follows a mid-year review of the organisation’s operational plan, which includes an increase to 3.5% of total financing for the European security and defence sector, record financing of more than €11 billion for power grids and storage in Europe, and greater support for EU technological and industrial innovation.