What changed between the plenary report and the adopted text

Changed:A. whereas the EIB Group includes the EIB and the European Investment Fund (EIF); whereas the EIB, entirely owned by the Member States, is the largest multilateral financial institution in the world, operating in international capital markets and offering competitive terms to clients on favourable conditions in order to contribute to the achievement of the EU’s objectives and support EU policies and projects both within and outside the EU, in accordance with Article 309 TFEU; whereas the EIF is owned by the EIB (59.8(59,8 %), by the EU (29.7(29,7 %) and by financial institutions (10.5(10,5 %) from the Member States, the United Kingdom and Türkiye;

Changed:B. whereas the EIB Group has a balance sheet of close to EUR 600 billion; whereas the EIB Group states that its total investment reached a record level of EUR 88.888,8 billion in 2024, of which EUR 50.750,7 billion related to climate and the environment, EUR 16.216,2 billion to SMEs and mid-caps, EUR 14.414,4 billion to digitalisation and technological innovation and EUR 1 billion to enhancing Europe’s security and defence; whereas the EIB’s gearing ratio has been increased to 290 %, providing additional room for the EIB to invest and support the achievement of the EU’s objectives and support EU policies; whereas the EIB Group’s total investment is expected to increase to EUR 95 billion in 2025;

Changed:M. whereas housing prices in the EU rose by an average of 48 % between 2015 and 2023, and the housing crisis affects nearly all of Europe, increasingly impacting the middle class and not just the most vulnerable; whereas EIB data indicates a yearly need to build 1.51,5 million new homes and renovate five million more, requiring EUR 300-400 billion in annual investment; whereas the housing sector is of general interest but faces reduced public investment, which makes continued EIB investment crucial for this sector; whereas the EIB’s new action plan envisages investment of EUR 10 billion over the next two years;

Changed:4. Notes that the EIB investment volume relative to GDP among European countries ranges from 0.10,1 % to 1.41,4 % for 2024; calls on the EIB Group to ensure a more balanced geographical distribution of investments aiming to maximise its impact across all EU regions to promote cohesive and inclusive growth throughout the EU, with particular attention on under-represented and less developed areas; calls on the EIB to keep focusing on investment plans aimed at closing the gap between the more developed EU regions and island areas, inland areas, the outermost regions, economically depressed areas and all areas of the EU at a disadvantage owing to natural factors;

Changed:21. Welcomes the EIB’s climate and environmental investments, which totalled EUR 50.750,7 billion in 2024, exceeding the target of channelling at least 50 % of total financing into climate action and environmental sustainability; calls on the EIB to uphold its high level of ambition, while emphasising that this commitment enhances the Union’s competitiveness, energy security and industrial resilience;

Changed:28.29. Welcomes the EIB’s proactive approach in the area of security and defence; highlights the fact that investment in this sector doubled in 2024 to EUR 1 billion, with the EIB’s 2025 plan set to double it again to a record EUR 2 billion; stresses that greater EIB investment in the defence sector can encourage commercial banks’ investment in the sector; notes, however, that these amounts represent less than 1.11,1 % of EIB investments for 2024 (EUR 88.888,8 billion), and 2.22,2 % of its financing objectives for 2025 (EUR 95 billion) and emphasises that they can only play a complementary role in addressing the estimated EUR 33.633,6 billion to EUR 48 billion in new financing required by 2030 for defence companies to meet the increase in orders expected under the ReArm Europe / Readiness 2030 plan; stresses that European-level funding is essential to meet the significant funding needs of Member States; underlines that any future structural European defence funding must be designed with clear conditions set and strong oversight, drawing on lessons learned from existing instruments;

Changed:31.32. Welcomes the joint initiative of the Commission and the EIB Group to set up, via its subsidiary EIF, a fund of funds called the Defence Equity Facility, with a budget of EUR 175 million between 2024 and 2027, to support private investment in European SMEs developing innovative dual-use defence technologies, and to help address the equity financing needs of companies in the EU’s defence technological and industrial base, estimated at between EUR 6.86,8 billion and EUR 20 billion by 2030, to meet the increase in orders anticipated under the ReArm Europe / Readiness 2030 plan;

Changed:38.40. Welcomes the EIB’s ‘Action Plan for Affordable and Sustainable Housing’ with planned investments of EUR 10 billion over the next two years; draws attention to the outcome of the EIB Group analysis and stakeholder meeting, which highlighted an estimated annual public and private investment gap of EUR 300 billion to 400 billion needed to build 1.51,5 million new housing units and to renovate 5 million additional units annually; encourages the EIB to mobilise even more funding for affordable housing projects throughout the Member States; invites the EIB to focus on sustainable urban development by ensuring that the EU’s housing and infrastructure needs are met for a stronger, sustainable, more cohesive and prosperous Europe, including investments in recovering existing infrastructure, with a focus on supporting urban regeneration projects and projects converting old or abandoned buildings into modern social housing;