What we do
Public consultation on the EIB Group's Environmental and Social Sustainability Framework - informational webinars
Public consultation on the EIB Group's Environmental and Social Sustainability Framework
The EIF in 2020
Coronavirus: The EIB Group’s initiatives to address its economic consequences
Pan-European Guarantee Fund – EGF
Sustainable Development Umbrella Fund
SDUF Health Compartment
Equity products
AI Co-Investment Facility
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
VentureEU
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
InnovFin SME Guarantee Facility
COSME - Loan Guarantee Facility
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece

The ERP-EIF Facility

The ERP-EIF Facility is a joint initiative of the German Federal Government and the EIF providing venture and growth capital financing with a focus on high-tech early and later stage companies in Germany. 

The Facility has been mandated by the German Federal Ministry for Economic Affairs and Energy (BMWi) on behalf of the German ERP Special Fund (ERP Sondervermögen) in 2004, and since then, it has been increased subsequently on several occasions.

The current volume of the ERP-EIF Facility is up to EUR 4.6bn, funded by ERP Special Fund resources managed and complemented by the EIF, and consists of the following sub-programmes:

  • The ERP-EIF VC Fund of Funds (Dachfonds), investing in VC funds with aggregate volume of EUR 3.7bn (incl. EAF Germany below), with more than 100 fund investments.
  • The ERP-EIF Growth Facility (Wachstumsfazilität), with an aggregate volume of up to EUR 0.5bn,  investing in co-investment funds managed by VC fund managers already supported by the Facility, in order to provide expansion financing for strong growth companies within their portfolios; more than 10 fund investments.
  • The ERP co-investment in GFF-EIF Growth Facility (Zukunftsfonds-EIF Wachstumsfazilität), with an aggregate volume of up to EUR 0.4bn, will systematically co-fund investments of the GFF-EIF Growth Facility, expanding the scope of the ERP-EIF Facility towards growth and later stages.

Altogether, intermediaries under the ERP-EIF Facility have made more than 2 000 SME investments to date. Even though funds are not restricted to investing solely in German companies, their main focus of investments should be in Germany.

The ERP-EIF facilities covers all technology areas including ICT, life sciences, energy related innovations, as well as emerging and converging technologies). Innovators such as Flixbus have received support from this targeted programme. Find more success stories in our digital brochure.

More specifically, our objectives under the ERP-EIF Facility are to:

  • seek attractive financial returns
  • help structuring and improving the business proposition of VC teams
  • be a pari passu cornerstone investor for commercially viable teams
  • promote best industry practice (fund structures, governance)
  • provide a catalytic role through high quality due diligence process
  • be a network gateway for VCs through EIF's large portfolio
  • be a reliable and active investor and adding value throughout the investment process

The success of the ERP-EIF Facility speaks for itself: not only did this initiative help reignite the German VC ecosystem, but its model of developing and deploying local mandates to address specific gaps has been replicated at a regional level in Germany, and in other European markets.

Are you a fund manager interested in partnering with us under the ERP-EIF Facility?

The ERP-EIF Facility aims at investing teams with complementary Venture Capital, technology and industry experience with an investment focus on Germany. EIF may not participate in funds where public funding (incl. EIF) is expected to exceed 50% of the fund's funding, after its target fundraising level is achieved.


Read more information here on how to submit and what to include in a fund proposal to the EIF: EIF for Venture Capital & Private Equity funds.

To apply for under EAF Germany please see more about the European Angels Fund here.

Information for SMEs

 

We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

 
 

Copyright ©

 European Investment Fund 2021 – The European Investment Fund is not responsible for the content of external internet sites.