An independent Investment Committee approves the use of the EU guarantee for financing and investment operations proposed by the implementing partners, taking its decision on the basis of the due diligence presented by the implementing partner in the so-called scoreboard and guarantee request form. In doing this, it verifies the compliance with the regulation and the investment guidelines, giving particular attention to the requirements of (i) additionality and (ii) crowding in private investment, as well with all the other relevant prerequisites.
The Investment Committee meets in four different configurations, corresponding to the four policy windows. The Investment Committee is fully independent. When participating in the activities of the Investment Committee, its members, who have experience in investment in sectors covered by the relevant policy window, perform their duties impartially and in the sole interest of the InvestEU Fund.
EU guarantee approvals
Aggregated maximum size of approved EU guarantee (EU compartment): €27.1 billion (as of March 2026)
27 OКТОМВРИ 2025 Г.
Amendment for meeting in 2022- 2025: EU Guarantee approvals for projects previously subject to a confidentiality agreement, as of 30 September 2025
6 ЮНИ 2025 Г.
Amendment for meetings in 2022-2025: EU Guarantee approvals for projects previously subject to a confidentiality agreement, as of 31 March 2025
21 HОЕМВРИ 2024 Г.
Amendment for meetings in 2022-2024: EU Guarantee approvals previously subject to a confidentiality agreement, by 30 September 2024
21 MАЙ 2024 Г.
Amendment for meetings no 3, 6, 14, 16, 18, 20 and 21: EU Guarantee approvals previously subject to a confidentiality agreement, by 31 March 2024
27 MАРТ 2026 Г.
Meeting no 51 - EU Guarantee approvals - 19-20 March 2026
27 ФЕВРУАРИ 2026 Г.
Meeting no 50 – EU Guarantee approvals – 19 February 2026
26 ФЕВРУАРИ 2026 Г.
Meeting no 49 – EU Guarantee approvals – 27 January 2026
19 ДЕКЕМВРИ 2025 Г.
Meeting no 48 – EU Guarantee approvals – 12 December 2025
18 ДЕКЕМВРИ 2025 Г.
Meeting no 47 – EU Guarantee approvals – 04-05 December 2025
Conclusions: RENFE SUBURBAN ROLLING STOCK CATALONIA
15 ЯНУАРИ 2026 Г.
Scoreboard: RENFE SUBURBAN ROLLING STOCK CATALONIA
Sustainable Infrastructure Window + Research, Innovation and Digitisation Window
21 OКТОМВРИ 2025 Г.
Conclusions: Clean Energy Transition II
21 OКТОМВРИ 2025 Г.
Scoreboard: Clean Energy Transition II
Research, Innovation and Digitisation Window
27 OКТОМВРИ 2025 Г.
Conclusions: Biovet RDI Programme
27 OКТОМВРИ 2025 Г.
Scoreboard: Biovet RDI Programme
Research, Innovation and Digitisation Window + Small and Medium Enterprises Window
30 ЯНУАРИ 2026 Г.
Conclusions: (Third) FWO #53 for SMEW RIDW Joint Equity Product
30 ЯНУАРИ 2026 Г.
Scoreboard: (Third) FWO #53 for SMEW RIDW Joint Equity Product
26 MАЙ 2025 Г.
Investment Committee of the InvestEU Fund - Meeting no. 40 - 7 May 2025
Social Investment and Skills Window
15 ЯНУАРИ 2026 Г.
Conclusions – ICF ELDERLY AND VULNERABLE CARE RESIDENCES (ES)
15 ЯНУАРИ 2026 Г.
Scoreboard – ICF ELDERLY AND VULNERABLE CARE RESIDENCES (ES)
30 ЮНИ 2025 Г.
Investment Committee of the InvestEU Fund - Meeting no. 39, 3 April 2025
2 AПРИЛ 2025 Г.
Meeting no 38 – EU Guarantee approval - 11-12 March 2025
Small and Medium Enterprises Window
30 ЯНУАРИ 2026 Г.
Conclusions: (SECOND) FWO #51 FOR SME COMPETITIVENESS GUARANTEE (UA)
30 ЯНУАРИ 2026 Г.
Scoreboard: (SECOND) FWO #51 FOR SME COMPETITIVENESS GUARANTEE (UA)
30 ЯНУАРИ 2026 Г.
Conclusions: Third FWO #52 for the SME Competitiveness Guarantee
30 ЯНУАРИ 2026 Г.
Scoreboard: Third FWO #52 for the SME Competitiveness Guarantee
Sustainable Infrastructure Window and Small and Medium Enterprises Window
10 MАРТ 2026 Г.
Conclusions: Caixa Bank RRF Spain (ES)
10 MАРТ 2026 Г.
Scoreboard: Caixa Bank RRF Spain (ES)
19 ФЕВРУАРИ 2025 Г.
Meeting no 37 – EU Guarantee approvals – 30-31 January 2025
10 ФЕВРУАРИ 2025 Г.
Meeting no 36 - EU guarantee approvals - 16 December 2024
Research, Innovation and Digitisation Window
21 ЯНУАРИ 2025 Г.
Conclusions - GVM ADVANCED MEDICAL DEVICES RDI (IT)
21 ЯНУАРИ 2025 Г.
Scoreboard - GVM ADVANCED MEDICAL DEVICES RDI (IT)
Small and Medium Enterprises Window
3 ЮЛИ 2025 Г.
Conclusions: FRAMEWORK OPERATION #49 FOR SME COMPETITIVENESS GUARANTEE – SPAIN InvestEU MEMBER STATE COMPARTMENT (Capped Guarantee) (ES)
3 ЮЛИ 2025 Г.
Scoreboard: FRAMEWORK OPERATION #49 FOR SME COMPETITIVENESS GUARANTEE – SPAIN InvestEU MEMBER STATE COMPARTMENT (Capped Guarantee) (ES)
3 ЮЛИ 2025 Г.
Conclusions: FRAMEWORK OPERATION #50 FOR THE INNOVATION AND DIGITALISATION GUARANTEE – SPAIN InvestEU MEMBER STATE COMPARTMENT (Capped and/or Uncapped Guarantee) (ES)
3 ЮЛИ 2025 Г.
Scoreboard: FRAMEWORK OPERATION #50 FOR THE INNOVATION AND DIGITALISATION GUARANTEE – SPAIN InvestEU MEMBER STATE COMPARTMENT (Capped and/or Uncapped Guarantee) (ES)
Sustainable Infrastructure Window and Small and Medium Enterprises Window
3 ЮЛИ 2025 Г.
Conclusions: FRAMEWORK OPERATION #48 FOR THE SUSTAINABILITY GUARANTEE PRODUCT – SPAIN InvestEU MEMBER STATE COMPARTMENT (Capped and/or Uncapped Guarantee)
3 ЮЛИ 2025 Г.
Scoreboard: FRAMEWORK OPERATION #48 FOR THE SUSTAINABILITY GUARANTEE PRODUCT – SPAIN InvestEU MEMBER STATE COMPARTMENT (Capped and/or Uncapped Guarantee)
8 СЕПТЕМВРИ 2025 Г.
Meeting no 35 – EU Guarantee approvals – 5-6 December 2024
Sustainable Infrastructure Window
13 ЯНУАРИ 2025 Г.
Conclusions – PPCR Solar PV Batteries FL (EL)
13 ЯНУАРИ 2025 Г.
Scoreboard – PPCR Solar PV Batteries FL (EL)
3 ЮЛИ 2025 Г.
Conclusions: Caixabank Pan-EU Power Package (Multi-country)
3 ЮЛИ 2025 Г.
Scoreboard: Caixabank Pan-EU Power Package (Multi-country)
5 ЮНИ 2025 Г.
Conclusions - BALTYK II & BALTYK III OFFSHORE
5 ЮНИ 2025 Г.
Scoreboard - BALTYK II & BALTYK III OFFSHORE
14 ЯНУАРИ 2026 Г.
Conclusions – ZERO CARBON LITHIUM (DE)
14 ЯНУАРИ 2026 Г.
Scoreboard – ZERO CARBON LITHIUM (DE)
Research, Innovation and Digitisation Window
13 ЯНУАРИ 2025 Г.
Scoreboard: Electrolux Energy Efficient White Goods RDI
13 ЯНУАРИ 2025 Г.
Conclusions: Electrolux Energy Efficient White Goods RDI
Social Investment and Skill Windows
12 ФЕВРУАРИ 2025 Г.
Conclusions - KU LEUVEN HEALTH SCIENCES CAMPUSES
12 ФЕВРУАРИ 2025 Г.
Scoreboard - KU LEUVEN HEALTH SCIENCES CAMPUSES
30 СЕПТЕМВРИ 2025 Г.
Conclusions: Qredits loan For Micro & SMEs (NL)
30 СЕПТЕМВРИ 2025 Г.
Scoreboard: Qredits loan For Micro & SMEs (NL)
10 HОЕМВРИ 2025 Г.
Conclusions: FRAMEWORK OPERATION #46 FOR THE CAPACITY BUILIDING INVESTMENT PRODUCT (“CBI” OR “CBI PRODUCT”) (MULTI-COUNTRY)
10 HОЕМВРИ 2025 Г.
Scoreboard: FRAMEWORK OPERATION #46 FOR THE CAPACITY BUILIDING INVESTMENT PRODUCT (“CBI” OR “CBI PRODUCT”) (MULTI-COUNTRY)
16 ЯНУАРИ 2026 Г.
Conclusions - (4th) FRAMEWORK OPERATION #47 FOR MICROFINANCE, SOCIAL AND SKILLS GUARANTEE PRODUCT (Microfinance and Social Enterprises) (CAPPED GUARANTEE)(MULTI-COUNTRY)
16 ЯНУАРИ 2026 Г.
Scoreboard - (4th) FRAMEWORK OPERATION #47 FOR MICROFINANCE, SOCIAL AND SKILLS GUARANTEE PRODUCT (Microfinance and Social Enterprises) (CAPPED GUARANTEE) (MULTI-COUNTRY)
19 ФЕВРУАРИ 2025 Г.
Meeting no 34.2 – EU Guarantee approvals – 26 November 2024
Social Investment and Skills Window
8 AПРИЛ 2025 Г.
Conclusions - UNIVERSITY OF CRETE - STUDENT ACCOMMODATION PP
8 AПРИЛ 2025 Г.
Scoreboard - UNIVERSITY OF CRETE - STUDENT ACCOMMODATION PP
19 ФЕВРУАРИ 2025 Г.
Meeting no 34.1 – EU Guarantee approvals – 25 November 2024
Social Investment and Skills Window
30 ЯНУАРИ 2026 Г.
Conclusions: REGENSBURG GREEN SOCIAL AND AFFORDABLE HOUSING
30 ЯНУАРИ 2026 Г.
Scoreboard: REGENSBURG GREEN SOCIAL AND AFFORDABLE HOUSING
17 ЮЛИ 2025 Г.
Meeting no 34 – EU Guarantee approvals – 14-15 November 2024
Sustainable Infrastructure Window
13 MАРТ 2025 Г.
Conclusions – Valoo
18 СЕПТЕМВРИ 2025 Г.
Scoreboard - Valoo
Research, Innovation and Digitisation Window
17 ЮЛИ 2025 Г.
Scoreboard: Quix Quantum B.V.
17 ЮЛИ 2025 Г.
Conclusions: Quix Quantum B.V.
Sustainable Infrastructure Window and Small and Medium Enterprises Window
Meeting no 32 – EU Guarantee approvals – 10-11 October 2024
Sustainable Infrastructure Window
2 ДЕКЕМВРИ 2024 Г.
Conclusions - Betica PV Portfolio
2 ДЕКЕМВРИ 2024 Г.
Scoreboard- Betica PV Portfolio
18 HОЕМВРИ 2024 Г.
Conclusions: Inbank Climate Action for Private Individuals
18 HОЕМВРИ 2024 Г.
Scoreboard: Inbank Climate Action for Private Individuals
8 СЕПТЕМВРИ 2025 Г.
Conclusions: Balticovo
8 СЕПТЕМВРИ 2025 Г.
Scoreboard: Balticovo
Sustainable Infrastructure Window and Small and Medium Enterprises Window
10 ФЕВРУАРИ 2025 Г.
Increase of Framework Operation #37 for Sustainability Guarantee Product (Multi-country)
Sustainable Infrastructure Window and Social Investment and Skills Window
8 AПРИЛ 2025 Г.
Conclusions - Sub-project (iGeneration) of Investment Platform for social infrastructure with CDP Real Asset SGR S.p.A. (CDP RA) (IEU – CDP Social Infrastructure)
Sustainable Infrastructure Window
8 ЯНУАРИ 2025 Г.
Conclusions - Santander Pan-Eu Wind Power Package Rs (Multi-Country)
8 ЯНУАРИ 2025 Г.
Scoreboard - Santander Pan-Eu Wind Power Package Rs (Multi-Country)
Sustainable Infrastructure Window
28 ЮЛИ 2025 Г.
Conclusions: Valle Umbra Servizi
Sustainable Infrastructure Window
14 ЯНУАРИ 2025 Г.
Conclusions – SG PAN EU Wind Package Risk Sharing
14 ЯНУАРИ 2025 Г.
Scoreboard: SG PAN EU Wind Package Risk Sharing
31 ЮЛИ 2024 Г.
Meeting no 30 – EU Guarantee approvals – 11-12 July 2024
Conclusions - Framework operation #12 for Innovation & Digitalisation Guarantee
24 ЯНУАРИ 2023 Г.
Scoreboard - Framework operation #12 for Innovation & Digitalisation Guarantee
24 ЯНУАРИ 2023 Г.
Conclusions - Framework operation #4 for SME Competitiveness Guarantee
24 ЯНУАРИ 2023 Г.
Scoreboard - Framework operation #4 for SME Competitiveness Guarantee
22 ДЕКЕМВРИ 2022 Г.
Conclusions - Framework operation #2 for Cultural and Creative Sector Guarantee
22 ДЕКЕМВРИ 2022 Г.
Scoreboard - Framework operation #2 for Cultural and Creative Sector Guarantee
Sustainable infrastructure & Research, innovation and digitisation windows
22 ДЕКЕМВРИ 2022 Г.
Conclusions - Thematic green transition (InvestEU VD) debt PL
22 ДЕКЕМВРИ 2022 Г.
Scoreboard - Thematic green transition (InvestEU VD) debt PL
SME & Sustainable infrastructure windows
22 ДЕКЕМВРИ 2022 Г.
Conclusions - Framework operation #14 for Sustainability guarantee product
22 ДЕКЕМВРИ 2022 Г.
Scoreboard - Framework operation #14 for Sustainability guarantee product
17 OКТОМВРИ 2022 Г.
Amendment for meetings no 3 - 5: EU Guarantee approvals previously subject to a confidentiality agreement, by 30 September 2022
29 ЮНИ 2022 Г.
InvestEU Investment Committee meeting no 5 (7-8 June 2022) – EU Guarantee Approvals
Sustainable infrastructure window
Mirova Energy Transition V Fund (EIF)
Infrastructure fund focusing on sustainable investments in the renewable energy sector primarily in the European Economic Area, with a certain focus on France.
Venture capital fund focusing on early stage investments in the Business and Industrial Products and Services sector primarily in the Netherlands
SME window
Innova/ 7 (EIF)
Generalist private equity fund focusing on lower mid-market investments, particularly tech driven companies, primarily in Poland and, to a lesser extent, other Central and Eastern European countries.
9 HОЕМВРИ 2022 Г.
Scoreboard – Innova 7
9 HОЕМВРИ 2022 Г.
Conclusions – Innova 7
Usaldusfond Trind Ventures Fund II (EIF)
Venture capital fund focusing on early stage ICT investments primarily in Finland, Estonia, Latvia and Lithuania.
9 HОЕМВРИ 2022 Г.
Scoreboard – Usaldusfond Trind Ventures Fund II
9 HОЕМВРИ 2022 Г.
Conclusions – Usaldusfond Trind Ventures Fund II
Shift4Good Fund I (EIF)
Pan-European venture capital impact fund focusing on early stage energy and environment-related investments, particularly in the mobility and transport sectors, primarily in EU-27 and EFTA countries, with a certain focus on France.
9 HОЕМВРИ 2022 Г.
Scoreboard – Shift4Good Fund I
9 HОЕМВРИ 2022 Г.
Conclusions – Shift4Good Fund I
Pureterra Ventures I (EIF)
Venture capital fund focusing on early stage energy and environment-related investments, with a focus on the water technology sector, primarily in the Netherlands, Germany and France.
9 HОЕМВРИ 2022 Г.
Scoreboard – Pureterra Ventures I
9 HОЕМВРИ 2022 Г.
Conclusions – Pureterra Ventures I
Green Generation Fund (EIF)
Venture capital fund focusing on early stage investments in the resource efficiency sector primarily in Europe, with a certain focus on the DACH and Nordic regions and the UK.
9 HОЕМВРИ 2022 Г.
Scoreboard – Green Generation Fund
9 HОЕМВРИ 2022 Г.
Conclusions – Green Generation Fund
Social investment and skills window
Educapital II, FPCI (EIF)
Pan-European education technology impact fund focusing on early stage investments, with a particular focus on France
22 ДЕКЕМВРИ 2022 Г.
Conclusions - Educapital II
22 ДЕКЕМВРИ 2022 Г.
Scoreboard - Educapital II
Research, Innovations and Digitation & SME Windows
4 ЯНУАРИ 2023 Г.
Conclusions - Forward.One Fund II
4 ЯНУАРИ 2023 Г.
Scoreboard - Forward.One Fund II
16 ЮНИ 2022 Г.
InvestEU Investment Committee meeting no 3 (31 March-1 April 2022) – EU Guarantee Approvals