European Investment Fund Supports Icelandic SMEs with Up to €100 Million in New Funding via Arion Bank

(IN BRIEF) The European Investment Fund (EIF) has partnered with Arion Bank to provide up to €100 million in new lending to around 40 small and medium-sized enterprises (SMEs) and Small Mid-Caps in Iceland. Backed by the European Commission’s InvestEU initiative, the funding will support projects focused on sustainability, innovation, digitalisation, and cultural development. Arion Bank will offer more favourable lending terms to help advance Iceland’s green transition and support innovation in various sectors, including renewable energy, biotechnology, and