European Investment Bank has 70 billion euros for Technology

The European Investment Bank finances projects that support the objectives of the European Union and is due to unveil today the Tech EU plan, which foresees the allocation of more than 70 billion euros over the next three years for the European technology sector.

European sources confirmed to Reuters that the Bank will invest 70 billion euros, to which another 250 billion euros from the private sector should be added, and the aim is to keep Europe competitive with China and the US in this race.

The 70 billion euro investment will be divided into 20 billion for equity or quasi-equity in projects, 40 billion for loans and 10 billion for guarantees, between 2025 and 2027.

This amount will be added to the European Commission's other efforts to support other riskier and more innovative initiatives, from proof of concept to the public offering phase.

The highlighted themes for this focus revolve around supercomputing, Artificial Intelligence, digital infrastructure, green industries, technologies for health, defense and security, robotics and advanced materials.