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Investment Plan for Europe in Austria: Fresh lending to help households and businesses build energy-efficient homes 

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The EIB Group has provided a financial guarantee to Hypo Vorarlberg Bank in Austria to expand its lending capacity for households, SMEs and mid-cap customers. This agreement is backed by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe. Thanks to this new agreement, Hypo Vorarlberg will be able to support the construction of highly energy-efficient residential buildings, thus helping the environment and the Austrian economy in the challenging COVID-19 context.

Economy Commissioner Paolo Gentiloni said: “Thanks to this support from the Investment Plan for Europe, Hypo Vorarlberg will be able to increase its lending capacity to households, SMEs and mid-caps for the construction of new energy-efficient homes. This initiative will help the hard-hit construction sector in this difficult time, as well as contributing to the achievement of our climate goals.”

The press release is available here. The Investment Plan for Europe has so far mobilized €535 billion of investment across the EU, benefitting over 1.4 million SMEs in total.

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