IB.SH joins EIAH as network partner for advising municipalities

The advisory services, to be provided by IB.SH will help municipalities prepare and implement sustainable and financially viable projects as well as assist them in accessing funding and financing.

Investitionsbank Schleswig-Holstein (IB.SH) joins the European Investment Advisory Hub (EIAH) as a network partner from Schleswig-Holstein. An agreement was signed today between the European Investment Bank (EIB) and IB.SH. IB.SH will provide municipalities with free-of-charge advisory services in support of infrastructure projects and will, for this purpose, receive €500 000 in funding from the EIAH’s Call for Proposals to National Promotional Banks and Institutions.

The advisory services, to be provided by IB.SH will help municipalities prepare and implement sustainable and financially viable projects as well as assist them in accessing funding and financing. The support will also include knowledge exchange and capacity-building for municipal authorities.

“With these advisory services, we want to support municipalities in the areas of public infrastructure, energy and climate protection, as well as integrated urban and rural development. Thanks to the experts of the Infrastructure Competence Centre, Neighbourhood Development Unit and Energy Agency of IB.SH, we will be able to provide municipalities with competent support for their projects,” said Erk Westermann-Lammers, IB.SH chief executive officer.

“The EIB, the EU bank, is proud to work closely with our partner network of national promotional banks across the European Union, including IB.SH. Through this funding agreement, supported by the European Investment Advisory Hub, we will help infrastructure investment get off the ground at the local level and speed up Europe’s recovery,” said EIB Vice-President Ambroise Fayolle, who is responsible for lending in Germany.

European Commissioner for the Economy, Paolo Gentiloni, said: “Thanks to the support of the Investment Plan for Europe's Advisory Hub, Investitionsbank Schleswig-Holstein in Germany will be able to provide free-of-charge advisory services, supporting municipalities to develop and implement sustainable infrastructure projects locally. This is an excellent example of how tailored advisory support can make a real difference on the ground to the benefit of citizens, including in the areas of climate protection as well as urban and rural development.”