As part of the European Week of Regions and Cities, the President of the European Investment Bank (EIB), Nadia Calviño, engaged in a dynamic debate on the investment opportunities available to cities and regions during the Plenary Session of the Committee of the Regions (CoR). The discussion focused on key areas such as supporting local and regional development, green and digital transitions, and the vital role of SMEs.
Sari Rautio, member of Hämeenlinna City Council underscored the importance of close collaboration between the EIB and local and regional authorities (LRAs) to address key priorities such as the green and digital transitions. "The solid partnership between the CoR and EIB is of crucial and growing importance for both institutions. Housing, a critical area, requires local engagement, and we are ready to take on this challenge as CoR members," Sari stated.
Pehr Granfalk, Member of Solna Municipal Council called for more direct support to SMEs. "More of the EIB’s funds should go directly to SMEs. Let regions control investments, not intermediaries. Growth, competitiveness, innovation, and infrastructure are generated locally in our SMEs, and that’s where EIB funds can have the greatest impact." He emphasized the need for funds to be channeled to regions where innovation and growth are most needed.
From a climate perspective, Emil Boc, Mayor of Cluj called for a stronger commitment from the EIB, pointing out that "€8 billion annually is needed to meet the EU’s climate objectives. Citizens must see tangible benefits, such as lower energy bills, to support decarbonisation."
Alex Dorow, Member of Bavarian State Parliament stressed the importance of strengthening local competitiveness, saying, "Cities must create attractive environments for competitive companies. Investments that support municipalities and regions directly translate into job creation, wealth generation, and enhanced wellbeing for citizens."
Focusing on the situation in southern Europe, Moreno Bonilla, President of Andalusia highlighted the pressing challenges faced by regions like Andalusia, which are increasingly exposed to climate change. He emphasized that "more resources for water infrastructure and better energy transportation systems are crucial, not just for Andalusia but for the entire EU. The EIB's support in simplifying procedures and fostering public-private cooperation will drive greater success."
Martínez Almeida, Mayor of Madrid drew attention to the housing crisis, stressing, "Affordable housing remains a critical issue. Cities are working tirelessly to address this, but regulatory and financial measures are essential to meet the demand. Housing challenges faced by young people and families must be tackled with sufficient funding and regulatory action, especially in the context of illegal occupation and compliance with local laws for tourist accommodations."
This debate underscored the essential role of the EIB in driving investment at the local and regional levels, with participants advocating for more tailored and direct funding solutions to achieve sustainable, competitive, and innovative growth across Europe.