InvestEU

The overall objective of the InvestEU Programme is to support financing operations that enhance competitiveness, including research, innovation, and digitalisation, economic growth, sustainability, job creation, and the sustainable and inclusive recovery of the EU economy following the COVID-19 pandemic.

Key Benefits and Purposes of the Program:

• Supporting the EU’s Key Policy Priorities: Economic recovery, green growth, job creation, and social well-being across Europe.
• Simplifying and Streamlining Investment: Facilitating easier and more efficient access to EU funding through uniform rules, procedures, and a single advisory contact point.
• Attracting Additional Investors: Using the EU budget guarantee to attract private and public investors, giving the InvestEU Fund additional leverage.
• Maximizing the Effectiveness of EU Funds: Helping public funds achieve greater impact, with an expected mobilisation of at least €372 billion in additional investments by 2027.
• Enhancing the Investment Environment in Europe: Supporting economic policies that foster investment, structural reforms, and fiscal responsibility while ensuring Europe remains an attractive business environment.

BPF has already played a decisive role in supporting corporate liquidity during the COVID-19 crisis through State-guaranteed credit lines and in implementing Portugal’s national Recovery and Resilience Plan (PRR) by structuring and distributing capital and quasi-capital solutions amounting to €1.425 billion under Component C5: Business Capitalisation and Innovation.

As an InvestEU implementing partner, BPF takes on an extraordinarily important role in promoting national investment, mobilizing over €3.6 billion for investment projects in Portugal.

Becoming an implementing partner required a rigorous preparation process starting in September 2021, involving internal policy changes, particularly around internal control systems and personal data protection, to ensure compliance with EU regulations. It also involved adapting BPF’s operational systems to meet the reporting requirements of the InvestEU programme.

On 18 June 2024, the European Commission and Banco Português de Fomento signed the InvestEU guarantee agreement worth up to €210 million in Brussels, formally recognizing BPF as Portugal’s InvestEU Implementing Partner. This agreement unlocked over €3.6 billion in total financing from BPF for investments across three of the four strategic windows of the InvestEU program: Sustainable Infrastructure, Financing for SMEs and Social Investment and Skills.