The European Investment Bank announced on 30 September that it is providing €300 million of financing under the Juncker Plan’s European Fund for Strategic Investments to the Swedish residential company Heimstaden Bostad, to develop eight residential properties in five cities in Sweden.

The project is expected to result in around 3,300 new affordable homes to rent, with high-energy performance standards. Part of the investments include community services such as homes dedicated to elderly care, as well as libraries.

As of September, the Juncker Plan has mobilised €433.2 billion of additional investment, including €13.4 billion in Sweden. The Plan is currently supporting 972,000 small and medium businesses across Europe.