EIB and INSEAD sign €60m loan to support Europe Campus Reimagination
The reimagination of the INSEAD Europe Campus is central to the school’s strategic goal of ensuring a distinct INSEAD learning experience.
INSEAD, The Business School for the World, today signed a €60 million financing loan with the European Investment Bank (EIB) to support its campus renewal. The loan agreement marks a significant milestone in INSEAD's Europe Campus Reimagination.
The loan will support the modernisation and expansion of the INSEAD Europe Campus in Fontainebleau. The masterplan spans six phases from 2024 to 2033.
The reimagination of the INSEAD Europe Campus is central to the school's strategic goal of ensuring a distinct INSEAD learning experience. The campus will integrate physical and digital spaces, stimulating research, teaching, interaction and inclusion, and projecting the founding ideas of the campus into the future.
Sustainable construction and renewable energy, including geothermal and solar installations, will create a highly energy-efficient campus while reducing greenhouse gas emissions.
Beyond offering state-of-the-art facilities, this campus will be a testament to the power and value of human connections. A place where lifelong connections are created, friendships strive, great new ideas and companies are forged. The campus is dedicated to nurturing a vibrant, intellectually active atmosphere, conducive to humane, just and compassionate interactions based on reason, experience, and reliable knowledge.
Educational infrastructure and innovation are among the EIB's priorities and this operation will help to strengthen European competitiveness in these areas. This project is in line with the European Skills Agenda, the EU plan to improve training and skills.
Dean of INSEAD Professor Francisco Veloso said: "This EIB loan is a pivotal step towards the reimagination of our Europe Campus. It will enable INSEAD to pursue its strategic goals and compete at the pinnacle of the academic world. The physical transformation of the campus is a bold step for INSEAD in pioneering academic excellence and sustainable business leadership in the interest of human well-being."
EIB Vice-President Ambroise Fayolle said: "This loan to INSEAD is a concrete example of the EIB's support for education and innovation. The EU bank has made the financing of infrastructure in the education and training sector a priority, with an expected impact on the competitiveness of the economy and employment. This investment will also significantly improve the INSEAD campus's carbon footprint, thereby helping to combat climate change."
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