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European Investment Programme:
European Advanced Manufacturing
Programme
Proposition
To boost competitiveness through the current digital and energy transition phase, firms
have to renew their production facilities. The aim of the « European advanced manufacturing
program » is to support investment in European SMEs and mid-caps production tools and
methods: through a facilitated access to finance for tangible and intangible investments,
SMEs and mid-caps would be able to take advantage of the digital and green revolutions.
Typology of projects
- Eligible expenses: tangible and intangible investments of firms implementing
comprehensive refurbishing projects. These projects could imply the integration of digital
solutions, automated production equipment, such as robots, into the firm processes.
They could also cover new production designs and processes to optimize energy or
raw materials consumption, or reduce waste or pollution.
- The objective is to offer funding for investments that cannot be used as collateral on the
market (e.g. very specialized automated equipment, training or engineering expenses,
integration costs etc.)
- Modalities : EIB loans with a guarantee from the European Commission budget
- Implementation schedule : 12 months (design of the scheme by the EIB- EC and
launching of the partnership with commercial banks)
- Maturity of the project: such guaranteed loans already exist in France and are
managed by Bpifrance. This scheme could be potentially transposed at the European
level.
Potential budget and impact on investments
This measure would need a budget of € 10-20 billion loans in order to target € 20-40 billion
investments.
The shares for the three thematic targets (digital, automation and environment) would have
to be determined.
A guarantee funded by the EC budget- COSME, Environment, Connect budgets - (around
10% of the volume of loans) would cover part of the EIB risk and thus contribute to the
leverage effect on private funding.
The scheme would target circa 10 000 to 20 000 firms at the European level.
The EC/EIB would delegate the implementation of the scheme to national promotional
banks or commercial banks.
European Advanced Manufacturing
Programme
Proposition
To boost competitiveness through the current digital and energy transition phase, firms
have to renew their production facilities. The aim of the « European advanced manufacturing
program » is to support investment in European SMEs and mid-caps production tools and
methods: through a facilitated access to finance for tangible and intangible investments,
SMEs and mid-caps would be able to take advantage of the digital and green revolutions.
Typology of projects
- Eligible expenses: tangible and intangible investments of firms implementing
comprehensive refurbishing projects. These projects could imply the integration of digital
solutions, automated production equipment, such as robots, into the firm processes.
They could also cover new production designs and processes to optimize energy or
raw materials consumption, or reduce waste or pollution.
- The objective is to offer funding for investments that cannot be used as collateral on the
market (e.g. very specialized automated equipment, training or engineering expenses,
integration costs etc.)
- Modalities : EIB loans with a guarantee from the European Commission budget
- Implementation schedule : 12 months (design of the scheme by the EIB- EC and
launching of the partnership with commercial banks)
- Maturity of the project: such guaranteed loans already exist in France and are
managed by Bpifrance. This scheme could be potentially transposed at the European
level.
Potential budget and impact on investments
This measure would need a budget of € 10-20 billion loans in order to target € 20-40 billion
investments.
The shares for the three thematic targets (digital, automation and environment) would have
to be determined.
A guarantee funded by the EC budget- COSME, Environment, Connect budgets - (around
10% of the volume of loans) would cover part of the EIB risk and thus contribute to the
leverage effect on private funding.
The scheme would target circa 10 000 to 20 000 firms at the European level.
The EC/EIB would delegate the implementation of the scheme to national promotional
banks or commercial banks.
