The European Investment Bank (EIB) said it has signed a €225 million framework loan with the Spanish autonomous community of Extremadura to co-finance investment in the region included in the operational programmes of EU cohesion policy funds.

The EIB financing will go to projects in various priority areas including research, development and innovation, education and training, healthcare, integrated regional development, sustainable transport, water and waste management, and assistance for small and medium-sized enterprises (SMEs).

The Spanish autonomous community is among the regions considered less developed by the European Union — where gross domestic product per capita is less than 75% of the EU average.

The European Investment Bank Group (EIB Group), consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF), has reported total financing signatures of over €9.9 billion for Spain in 2022, including record financing for climate action and environmental sustainability projects.