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

Operations

€

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 15 donors, namely:

More countries are expected to contribute to the fund.

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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.

United Nations

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.

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.

Key publications

12 September 2024

Trust funds in action

Resources for development finance are limited. Find out how EIB Global works with 12 trust funds to increase amounts available, support a wide variety of projects and make a positive impact.

12 September 2024

EU4U overview

This flyer provides an overview of the trust fund's activities in 2023.

Highlighted stories

19 December 2024

EIB provides €16.5 million for new public transport in war-torn cities of Ukraine

The European Investment Bank (EIB) has announced €16.5 million in EU-backed funding to renew urban public transport in Kyiv, Mykolaiv, Ivano-Frankivsk and Odesa. Backed by an EU guarantee, this operation is part of the EIB’s Ukraine Solidarity Urgent Response package, developed in close collaboration with the European Commission. Building on the previously disbursed €17.25 million for transport upgrades, this tranche underscores the European Union’s steadfast commitment to supporting Ukraine’s infrastructure recovery and resilience, including updates to transport systems that enable cities to address war-related losses and adapt to increasing urban demands.

Public transport Management committee Teresa Czerwińska Ukraine Eastern Europe, Southern Caucasus Transport Development
13 December 2024

Ukraine: EIB and Ukraine’s State Bureau of Investigation strengthen efforts to safeguard EU bank investments and fight fraud and corruption

The European Investment Bank (EIB) and Ukraine’s State Bureau of Investigation (SBI) have signed a memorandum of understanding to enhance cooperation in combating potential fraud and corruption involving European Union-backed investments in Ukraine. Signed by EIB Inspector General Monique Koning, General Counsel José Maria Fernández Martin and Deputy Director of the SBI Oleksandr Sokolov during a visit by an SBI delegation to EIB headquarters in Luxembourg, this partnership marks a significant step forward in enhancing preventive measures to safeguard EIB-funded financial support for Ukraine.

Solidarity with Ukraine Management committee Teresa Czerwińska Ukraine Eastern Europe, Southern Caucasus
6 December 2024

Ukraine: EIB provides over €60 million to support road reconstruction and urban transport renewal

The European Investment Bank (EIB) is providing over €60 million in EU guarantee-backed loans to strengthen critical infrastructure in Ukraine, as part of its Ukraine Solidarity Urgent Response package, developed in close cooperation with the European Commission. This support includes the reconstruction of a key segment of the M01 highway and the renewal of urban public transport in the cities of Kyiv, Odesa and Sumy. This EIB investment underscores the unwavering commitment of the European Union to Ukraine’s recovery, delivering vital support for infrastructure resilience and efficiency amid ongoing challenges.

Infrastructure Solidarity with Ukraine Management committee Teresa Czerwińska Ukraine Eastern Europe, Southern Caucasus Transport Development
4 December 2024

Ukraine: More than €13 million to renovate Ukrainian universities

As part of the European Union’s efforts in Ukraine, the European Investment Bank (EIB), has come together with the EU Delegation to Ukraine and other partners to support the resilience of the country’s education sector. Within its Ukraine Solidarity Urgent Response package, the EIB is providing €10 million in EU guarantee-backed funds to enhance the energy efficiency of Ukrainian universities in the cities of Chernihiv, Ivano-Frankivsk, Kharkiv, Kyiv, Lutsk, Lviv, Odesa, Poltava, Rivne, Sumy, Uzhhorod and Vinnytsia.

Solidarity with Ukraine Management committee Teresa Czerwińska Ukraine Eastern Europe, Southern Caucasus Education and training Development
26 November 2024

Ukraine: Upgraded paediatric infectious disease department in Zhytomyr Oblast opens with the EU bank support

A newly modernised paediatric infectious diseases department was opened today at the Zhytomyr Regional Tuberculosis Dispensary in the village of Guiva, Zhytomyr Oblast. Dedicated to providing care for children, the department, which includes a fully equipped intensive care unit, can now accommodate more young patients. The renovation also included extensive energy efficiency upgrades, structural insulation and the complete modernisation of the building’s engineering networks, equipment and plumbing systems. It now offers safer, more accessible and modern conditions for young patients, including internally displaced persons and individuals with disabilities, ensuring quality care for those who need it most.

Solidarity with Ukraine Management committee Teresa Czerwińska Ukraine Eastern Europe, Southern Caucasus Development Health and life sciences
19 November 2024

Ukraine: EIB provides €14.5 million to support municipal projects in war-torn cities of Mykolaiv and Dnipro

In the 1 000 days since Russia’s invasion, Ukraine has received steadfast support from the European Union and its financial arm, the European Investment Bank (EIB). Working in close partnership with the European Commission, the EIB is playing a key role in Ukraine’s recovery through targeted and impactful initiatives. As part of its Ukraine Solidarity Urgent Response package, the EIB is providing another €14.5 million in EU guarantee-backed funds to enhance critical municipal infrastructure. This includes water supply and wastewater treatment systems in Mykolaiv and public lighting in Dnipro.

Solidarity with Ukraine Management committee Teresa Czerwińska Ukraine Eastern Europe, Southern Caucasus Urban development

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