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The EIB, the EU's policy bank, financed Nexans' RDI and capex programme directly under the InvestEU umbrella. Of the EUR 250 million, EUR 190 million carries an InvestEU guarantee explicitly justified by the Bank as support for "innovation, sustainability and competitiveness in strategic sectors of the EU economy"; the remaining EUR 60 million is a standard EIB loan. Nexans is a top-tier European cable manufacturer whose HV/MV/LV power cables and submarine interconnections are core inputs to grid electrification and offshore wind build-out. Per the EIB, the financing explicitly targets securing copper supply through recycling: the Lens (France) factory expansion alone is set to recycle up to 80,000 tonnes of copper a year, alongside site upgrades at Charleroi, Erembodegem and Calais (offshore wind/submarine cable capacity) and Bourg-en-Bresse (medium-voltage cable capacity for electrification demand). The EIB project sheet lists the financing's geographic scope as France, Belgium, Sweden and Norway; the September press release detailed only the French and Belgian sites.
Severity is set low (2/5, quant) — consistent with the parallel 2025 wave of EIB "state loan" RDI interventions to European industrial champions (Soitec, Thales, Fresenius, Acciona) already in the register — reflecting the moderate absolute size relative to flagship EU Chips Act-scale awards, while still being a genuine state-backed capital subsidy reinforcing EU raw material (copper) security and grid-electrification manufacturing capacity.
supporting grid electrification and offshore wind, reducing reliance on primary copper imports for a strategically important raw material.
industrial champions in sectors adjacent to critical-materials security (see the parallel Soitec, Thales and Fresenius EIB loans already filed).
(France, Belgium, Sweden, Norway) and the press release's site list (France, Belgium only) reflects additional undisclosed Nexans facilities in Sweden/Norway covered by the same financing envelope.
programme window.