European Investment Bank Signs €215 Million Loan Agreement with Andalusia for Regional Development Projects

The European Investment Bank (EIB) has signed a €215 million loan agreement with the regional government of Andalusia to co-finance social, green and digital investment in the Spanish region. The EIB loan and co-financing from the regional government of Andalusia will go towards projects that contribute to the dual green and digital transitions and to social cohesion in Andalusia. Among others, projects of major importance to the region, such as the new Málaga Hospital.

The EIB loan is part of the EU operational programme for cohesion policy funding 2021-2027, particularly the European Regional Development Fund (ERDF), European Social Fund Plus (ESF+) and the Just Transition Fund.

The loan will co-finance projects in areas including education and training, research, development and innovation (RDI), digitalisation, public health, sustainable transport, energy efficiency and the energy transition, the protection of natural resources, and support for small and medium-sized enterprises (SMEs) as well as mid-caps in Andalusia.

The agreement highlights the commitment of the EIB Group to economic, social and territorial cohesion, which is one of the Bank’s cross-cutting priorities. All operations will take place within the Andalusian autonomous community, which the EU considers to be a cohesion region.

This is the second loan signed by the EIB and the regional government of Andalusia under the 2021/2027 plan of the ERDF. The first loan for €195 million was signed in December 2022.

The EIB loan supports the EU’s five cohesion priorities for building a greener Europe that is more digital, advanced, connected and social, while improving the everyday lives of people in Europe.

The operation has obtained the necessary authorisation from the various competent bodies and Andalusia has obtained advantageous financial conditions to invest in projects of great importance for the Community.