The European Commission is partnering with the European Investment Fund, part of the European Investment Bank Group (EIB), to launch the BlueInvest Fund today.
During the BlueInvest Day conference in Brussels EIB Vice-President Emma Navarro and Virginijus Sinkevičius, Commissioner for Environment, Oceans and Fisheries, launched a €75 million equity investment fund for the blue economy.
The BlueInvest Fund will be managed by the European Investment Fund and will provide financing to underlying equity funds that strategically target and support the innovative blue economy.
This sector can play an important role in the transformation to a carbon-neutral economy by 2050, an ambition announced in the European Green Deal.
The new programme is backed by the European Fund for Strategic Investments, the financial pillar of the Investment Plan for Europe.