European Guarantee Fund at a glance


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.