The EIB Group set up the €24.4 billion European Guarantee Fund (EGF), backed by 22 Member States, to help businesses weather the economic impact of COVID-19 and get back on track after the shock - and support innovation and transformation.

The EGF is part of the €540 billion EU recovery package agreed in 2020 by European leaders. It is the largest crisis mechanism that the EIB Group – European Investment Bank and European Investment Fund - has put on the market, enabling immediate impact.

Read about how EGF works through products that have been adapted from existing EIB Group instruments and learn about EGF in figures.

The EIB Group set up the €24.4 billion European Guarantee Fund (EGF), backed by 22 Member States, to help businesses weather the economic impact of COVID-19 and get back on track after the shock - and support innovation and transformation.

The EGF is part of the €540 billion EU recovery package agreed in 2020 by European leaders. It is the largest crisis mechanism that the EIB Group – European Investment Bank and European Investment Fund - has put on the market, enabling immediate impact.

Read about how EGF works through products that have been adapted from existing EIB Group instruments and learn about EGF in figures.