The European Investment Fund (EIF) and UniCredit Bank Austria announced a big expansion of their cooperation — expected to support €360 million in new financing for innovation, digitalisation and sustainability investment by businesses across Austria.
Under the agreement, signed at UniCredit Austria’s Vienna headquarters, a new EIF guarantee totalling €250 million will enable UniCredit Bank Austria to extend favourable financing to more than 200 SMEs and small mid-caps, helping accelerate Austria’s transition to a competitive economy.
“Building on the success of the 2022 InvestEU agreement — the first of its kind in Austria — this expanded partnership delivers enhanced support for Austrian innovators, digital pioneers and green champions,” said the EIF.
“The new allocation includes €150 million for innovation and digitalisation and €100 million for sustainability, ensuring businesses can invest in cutting-edge technologies, climate action, and sustainable growth.
“Austrian firms seeking to finance research, digital expansion, or green projects should contact UniCredit Bank Austria to learn more about eligibility and process.
“This agreement lifts the total InvestEU-backed guarantee facility with UniCredit Bank Austria to €340 million, now supporting a total portfolio expected to reach €486 million for up to 270 businesses.
“The partnership between the EIF and UniCredit Bank Austria is a key piece of the European Union’s effort to mobilise public and private resources for the European Green Deal and digital transition, offering Austrian enterprise access to EU-backed risk sharing and improved lending terms.”
EIB Vice President Karl Nehammer said: “Austria’s future competitiveness depends on innovative business, digital progress, and leadership in sustainable development.
“Through this enhanced partnership with UniCredit Bank Austria and the European Investment Fund, we are making it possible for hundreds of Austrian companies to invest in their ideas and drive our shared vision for a green, digital future.”
Bank Austria CEO Ivan Vlaho said: “UniCredit Bank Austria is proud to collaborate with the EIF to deliver targeted financing solutions for Austria’s SMEs and mid-caps.
“This new facility will empower businesses to embrace transformation, pursue ambitious projects, and strengthen the backbone of Austria’s economy. We invite companies across Austria to reach out and discover how they can benefit.”