Maritime Forum

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Applying for finance from BlueInvest Fund

Published on: Thu, 26/03/2020 - 06:49
Table of Contents
    Fund managers who are able to invest an amount at least equal to the amount drawn from the European Investment Fund in the blue economy may be eligible

    The BlueInvest Fund is allocated to financial intermediaries

    To receive financing, Financial Intermediaries shall, inter alia, comply with certain criteria, such as:

    • The maximum size of a single EIF’s investment is limited to EUR 50m, representing at least 7.5% and up to 50% of the aggregate commitments made to the financial intermediary;
    • Target to invest into SMEs, established or operating in one or more EU Member States the lower of: (i) 2 times the amount drawn down from the relevant Blue Economy thematic allocation to the fund (ii) or two thirds of the aggregate amount drawn down by the applicant from its investors for the purpose of the investment.
    • Undertake to invest at least an amount equal to the amount drawn down for investments  from EIF’s commitment  in eligible final recipients, i.e. a SME established or operating in EU and:
      • active in research, development or operations of the BE-related activities, or
      • exploiting marine environment data or information in order to research, develop or manufacture products and/or services, or
      • transferring non-BE sectors technologies and/or data to BE-related activities, or
      • otherwise pursuing digitalisation in BE technologies, products or services.
    • Except for co-investments, if the applicant is established (or is to be established) in the EU, its strategy should be to invest more than 50% of its invested amounts into SMEs established or operating in one or more EU Member States. Otherwise, its strategy should target for more than 75% of its invested amounts in SMEs, established or operating in one or more EU Member States.

    more details

    EIF can answer more detailed questions from fund managers. All enquiries will be treated as confidential.