Post by Department of Science, Technology and Innovation

Name: David McAllister Outlines Team Europe’s 12 Billion Euro Investment Framework Mr. David McAllister, C
Uploaded: 2026-05-26T08:00:48.252Z
Channel: Department of Science, Technology and Innovation
Description: David McAllister Outlines Team Europe’s 12 Billion Euro Investment Framework Mr. David McAllister, Chair of the European Parliament's Committee on Foreign Affairs, recently addressed the launch of the

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David McAllister Outlines Team Europe’s 12 Billion Euro Investment Framework Mr. David McAllister, Chair of the European Parliament's Committee on Foreign Affairs, recently addressed the launch of the Biovac Expansion Vaccine Facility on 25 May 2026. He provided an overview of the Team Europe Global Gateway strategy, emphasising the introduction of a new 75 million Euro loan to enhance end-to-end vaccine production and reinforce regional supply chains. This video covers: - The alignment of the African Union’s 2040 local manufacturing targets with European policy frameworks. - The evolution of the Global Gateway initiative, detailing the progression from initial grants to robust commercial lending. - Key insights into the 75 million Euro mezzanine loan managed by the European Investment Bank. - Analysis of the 12 billion Euro investment package targeted at pharmaceutical capacity and energy transition infrastructure. - The collaborative approach of Team Europe, with Germany, France, and Belgium combining efforts to foster sustainable business environments and local expertise. #GlobalGateway #Biotechnology #IndustrialPolicy #GlobalFinance #TechSovereignty #PublicPrivatePartnership

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