EU for Ukraine Fund

About

The EU for Ukraine Fund (EU4U) was established in 2023 as part of a larger EU for Ukraine initiative. The fund aims to accelerate EIB Global’s support for Ukraine’s most urgent infrastructure needs and help sustain its economy. The Fund facilitates deployment of both public and private sector projects for the reconstruction of critical municipal infrastructure and improves access to finance for entrepreneurs.

At a glance

EU4U Fund’s donor contributions focus on priority investments for Ukraine’s recovery and reconstruction.

€

m

Donor funds committed

€

m

Donor financing approved

Operation

€

m

Expected total investment supported

Priority sectors

Schools and hospitals

Small and medium-sized companies (SMEs)

Digital and cybersecurity

Transport networks

Our donors

On 13 July 2023, 16 Member States pledged their support to the fund.

EU for Ukraine Fund operations are currently financed by 14 donors, namely:

More countries are expected to contribute to the fund.

Sustainable Development Goals

Donor-financed operations, through our trust funds, make a direct contribution to several of the UN’s Sustainable Development Goals (SDGs). Our collective actions unlock billions of euros in investment to combat climate change, eradicate poverty and fight inequality.

These are some of the global goals targeted by our trust fund.

How we use donor funds

We enhance the development impact of investment projects by offering:

credit enhancement to facilitate EIB's lending to Ukrainian counterparts,
interest rate subsidies, and
financial instruments, such as investments in equity funds.

Find out more

Eligibility

The EU for Ukraine Fund supports the reconstruction of municipal infrastructure and better access to finance for small and medium-sized companies (SMEs) in Ukraine.

Highlighted stories

11 September 2024

Ukraine: Two renovated schools in Vinnytsia Oblast open for new school year with the EU bank support

Two schools in Ukraine’s Vinnytsia Oblast – the Lyceum №2 in Stryzhavka village and Miziakivsko-Khutirskyi Lyceum in Miziakivski-Khutory village – have reopened after significant renovations, just in time for the new school year. The two schools have been equipped with energy-efficient technologies, including upgraded wall and roof insulation and new energy-efficient windows and doors, which are key against a backdrop of energy shortages caused by the Russian invasion of Ukraine. The improvements are set to provide safer and more comfortable learning and working environments while also reducing heating costs and carbon emissions.

Solidarity with Ukraine Ukraine Eastern Europe, Southern Caucasus Education and training Development
23 August 2024 Anna Yavorska

Business in a bomb shelter

Ukrainian companies receive urgent help to do business internationally while war rages

Covid-19 Ukraine Eastern Europe, Southern Caucasus Education and training Research, innovation and technology Development SMEs
22 July 2024

President Calviño briefs EU Foreign Ministers on the EIB Group stepped-up support for Ukrainian energy system and businesses

The European Investment Bank (EIB) Group will expand its support for Ukraine’s economy by strengthening critical energy infrastructure, facilitating access to financing for businesses and boosting trade with the EU. EIB Group President Nadia Calviño briefed European Union foreign ministers about the latest round of support measures at a meeting today in Brussels.

Solidarity with Ukraine Management committee Nadia Calviño Ukraine Eastern Europe, Southern Caucasus Development Energy
10 July 2024

Ukraine: EU bank helps improve water supply for war-torn Bucha

The newly renovated water supply facility in Bucha, Kyiv Oblast, opened today under the Ukraine Recovery Programme by the European Investment Bank (EIB). This critical upgrade helps the community overcome longstanding challenges in providing reliable, high-quality drinking water. The need for this facility became even more urgent after the town’s infrastructure was further damaged during the brief but devastating Russian occupation in the spring of 2022.

Environment Solidarity with Ukraine EU for Ukraine Reconstruction Management committee Teresa Czerwińska Ukraine Eastern Europe, Southern Caucasus Enlargement Countries Development Climate action and environment Water, wastewater management
27 June 2024

€100 million EU for Ukraine Advisory Programme rolls out

This week the European Investment Bank (EIB) welcomed Ukrainian government officials involved in the preparation and implementation of EIB-funded projects to discuss ways of speeding up and increasing the efficiency of multiple recovery projects. The initiative was supported by the Ministry of Finance of Ukraine and the European Commission.

Solidarity with Ukraine Ukraine Eastern Europe, Southern Caucasus
21 June 2024

European Commission and EIB Group pave the way for new €300 million export credit guarantee facility to support exports by European companies to Ukraine

The European Commission, the European Investment Bank (EIB) and the European Investment Fund (EIF) have agreed today to establish a €300 million export credit guarantee facility under the EU flagship investment programme InvestEU. Thanks to this facility, the EIF will now be able to use the InvestEU programme to support European small and medium-sized companies exporting goods and services to Ukraine. The agreement was signed in the margins of the ECOFIN meeting of EU Finance Ministers in Luxembourg, which had support for Ukraine high on its agenda.

Solidarity with Ukraine Ukraine Eastern Europe, Southern Caucasus Development InvestEU