A €60M loan secured for the school’s Europe Campus Reimagination project
INSEAD, The Business School for the World, today signed a €60M 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 2024-2033.
The reimagination of 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; projecting the founding ideas of the campus into the future.
Sustainable construction, 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 EIB's priorities and this operation will help to strengthen European competitiveness in these areas. This project is in line with the "European Skills Strategy agenda", the EU plan to improve training and skills.
Professor Francisco Veloso, Dean of INSEAD, said: “The 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 top of the academic world. The physical transformation of the campus is a bold step for INSEAD pioneering academic excellence, sustainable business leadership in the interest of human wellbeing.”
“This loan to INSEAD is a concrete example of the EIB’s support for education and innovation”, said EIB Vice-President Ambroise Fayolle, “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. I am also very pleased that this green investment will significantly improve the carbon footprint of INSEAD's buildings, thereby helping to combat climate change.”
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About EIB
The European Investment Bank is the long-term lending institution of the European Union owned by its 27 Member States. Created by the Treaty of Rome and founded in 1958, Its mission is to contribute to the integration, balanced development and economic and social cohesion of the EU Member States. It borrows large volumes of funds on the capital markets and lends them on very favorable terms to support projects that further EU policy objectives. Investment in education and innovation is one of the EIB's priorities. It has invested almost 10 billion euros in education in France over the period 2020-2022, in secondary education (collèges and lycées) with almost all the regions. In higher education, it has also financed the renovation of the campus and research laboratories of Centrale/ Supélec in 2023 (45 million euros) and Polytechnique in 2022 (70 million euros). More information about EIB can be found at www.eib.org.
