On 20 December, Caisse des Dépôts and the European Commission signed an InvestEU guarantee agreement worth up to €350m. The agreement will unlock additional Caisse des Dépôts finance of up to €700m for investments across France.
More specifically, part of the EU guarantee will back Caisse des Dépôts equity investments, which in turn will mobilise private investments for
- The rehabilitation and restoration of industrial wasteland,
- The development of data centres,
- The investment in industrial infrastructure to the benefit of innovative companies in France.
The other part of the guarantee targeted at loans will support a wide type of financing in the poorest urban areas in France as well as the tourism sector to recover from the COVID-19 crisis.
€140m of EU guarantee under this agreement are expected to contribute to climate and environmental objectives, making Caisse des Dépôts an important contributor to the EU's sustainability goals.
With this agreement, Caisse des Dépôts reinforces its role as InvestEU implementing partner and deepens a long-standing financial partnership with the EU.
By being an implementing partner of the Commission under InvestEU, Caisse des Dépôts reinforces its capacity to invest for the benefit of the local development, the green transition and the social cohesion. We are happy and honoured to be able today to bring the EU guarantee closer to the territories and to the most urgent needs.
Eric Lombard, Caisse des Dépôts General Director