EU Solvency Support Instrument

By: Nina Hoppmann
Created: 29 May 2020 - 01:05
Updated: 29 May 2020 - 01:05

As one of the instruments to kick-start the European economy to overcome the severe socio-economic consequences of the coronavirus pandemic, the European Commission has launched the Solvency Support Instrument (SSI), which builds on the existing European Fund for Strategic Investments (EFSI).

The Solvency Support Instrument will help match the recapitalisation needs of otherwise healthy companies across Europe, which are at risk because of the crisis. The instrument will work via an EU guarantee provided to the European Investment Bank (EIB) Group. The EIB Group will use this guarantee to provide financing directly or invest, fund or guarantee equity funds, special purpose vehicles, investment platforms or national promotional banks.

It will help such companies at this critical time and get back to a sustainable and profitable business track. This instrument will also focus on the EU priorities of the green and digital transitions and on supporting cross-border economic activities.

Here is the link to all Q&A: https://ec.europa.eu/commission/presscorner/detail/en/qanda_20_946