Industrial Policy & Trade Monitor· 2667 actions· ✨ 89 recent

The European Investment Fund (EIF), part of the EIB Group, announced on 9 February 2026 an anchor investment of EUR 300 million (~USD 354.8 million) in Seaya Growth Tech Fund I, a Spain-based pan-European growth venture capital vehicle targeting a EUR 1 billion final close. The commitment is made under the European Tech Champions Initiative (ETCI), and the fund will make growth-stage (Series C+) equity investments in European companies across applied AI, deep-tech, fintech, climate solutions, smart manufacturing, supply-chain resilience, capital-market autonomy, cybersecurity and environmental technology. Global Trade Alert separately logs the transaction as a "red"-flagged state-linked financial-investment-support intervention.

Brazil's federal innovation-financing agency FINEP (Financiadora de Estudos e Projetos), under the MCTI/FNDCT umbrella, published a BRL 300 million (~USD 56.9 million) public call — "Finep Mais Inovação Brasil – Rodada 2 – Cadeias Agroindustriais Sustentáveis" — offering non-repayable economic-subsidy grants for private-sector research, development and innovation projects in sustainable and digital agro-industrial chains, covering food innovation, food and nutritional security, agricultural productivity, and technical textiles. Applicant companies must be Brazilian and may partner with Scientific, Technological and Innovation Institutions (ICTs). Proposals are accepted on a continuous-flow basis until 2026-09-30 18:00 (Brasília time), or earlier if the budget is exhausted.

NIB, the multilateral development bank owned by the eight Nordic and Baltic member states, signed a EUR 11.4 million 10-year loan with Metrosert AS, Estonia's national testing, calibration and certification body, to finance a new Drone Technology Unit within Metrosert's Applied Research Centre in Tallinn. The unit will house nine laboratories to develop, validate and industrialise unmanned aerial, ground and maritime systems, with most planned activity explicitly defence-related, covering unmanned aviation, communications, navigation, flight physics and hardware security. NIB financing at preferential development-bank rates functions as a below-market state-backed subsidy to a strategic dual-use research facility; the unit is targeted to be fully operational by summer 2027 as part of a EUR 42.9 million total Applied Research Centre build-out.

New Zealand's Regional Infrastructure Fund (RIF), administered by Grow Regions, approved a loan of up to NZD 35 million to Wellington-based fusion-energy startup OpenStar Technologies. The loan funds a purpose-built research facility for OpenStar's next-generation fusion machine ("Tahi"), intended to scale up its R&D programme, attract further international investment and anchor high-value engineering jobs in New Zealand. The government frames the measure as a strategic bet on fusion as a potential long-term energy-security and economic asset.

The European Investment Bank signed guarantee agreements with Banco Santander totalling EUR 450 million on 29 January 2026, announced by EIB Group President Nadia Calviño during the Group's results presentation in Brussels. The guarantees are expected to unlock around EUR 900 million in new supply-chain financing for European companies: EUR 400 million for security-and-defence manufacturers (cybersecurity, surveillance, resilience and defence-technology suppliers) under the EIB's EUR 3 billion pan-European intermediated financing instrument for the defence industrial base, and EUR 500 million for companies in clean technologies, telecommunications and digital infrastructure via reverse-factoring supply-chain-finance instruments. Santander is reported as the fourth major European bank to sign under the defence-supply-chain programme, and the clean-tech/digital tranche contributes to the EIB Group's TechEU initiative.

The British Business Bank, the UK government's state-owned economic development bank, committed up to GBP 50 million as a cornerstone investor in IQ Capital Fund V, announced 20 January 2026. The commitment is operated by British Patient Capital Limited, the Bank's commercial subsidiary, and is the Bank's seventh consecutive cornerstone commitment to an IQ Capital fund since Fund I in 2006. IQ Capital is a UK early-stage deep tech venture capital firm investing across AI & Automation, Computing & Semiconductors, Health & Bio, Advanced Engineering & Energy, and Security & Resilience.

The UK Department for Energy Security and Net Zero raised the fixed-bottom offshore wind budget pot for Contracts for Difference (CfD) Allocation Round 7 (AR7) from GBP 900 million to GBP 1.79 billion ahead of results, nearly doubling the subsidy envelope. On 14 January 2026 DESNZ announced AR7 results securing a record 8.4 GW of offshore wind capacity across eight projects at a clearing strike price of approximately GBP 91/MWh (2024 prices), unlocking an estimated GBP 22 billion in private-sector investment. RWE was the largest winner with 6.9 GW (Norfolk Vanguard East/West, Dogger Bank South, Awel y Môr); SSE secured 1.4 GW via Berwick Bank Phase B at GBP 89.49/MWh.

On 8 January 2026, the Abu Dhabi Fund for Development (ADFD) launched the Abu Dhabi Global Water Platform, committing an initial USD 1 billion (AED 3.67 billion) of state development finance over five years (2026-2030), with a stated ambition to mobilize USD 2 billion (AED 7.34 billion) total alongside local and international financing institutions. The platform finances water-security and water-infrastructure projects in developing countries via direct development financing, private-sector investment support, export financing, guarantees, and equity investments, targeting roughly 10 million beneficiaries worldwide; no specific recipient countries or named projects were disclosed at launch. Global Trade Alert classifies the initiative as "certainly harmful" financial assistance in a foreign market and trade finance (state-act 96013), consistent with its treatment of ADFD's prior export-financing vehicles as state-directed outbound subsidy rather than neutral aid.

The US Department of Energy announced $2.7 billion in task-order funding over ten years to rebuild domestic uranium enrichment capacity: $900 million each to American Centrifuge Operating and General Matter to develop high-assay low-enriched uranium (HALEU) enrichment capacity, $900 million to Orano Federal Services to expand low-enriched uranium (LEU) enrichment capacity, and $28 million to Global Laser Enrichment for next-generation enrichment technology. DOE frames the awards as reducing US reliance on foreign — chiefly Russian — enriched uranium supply and securing fuel for the country's 94 commercial reactors and future advanced-reactor deployment, with funds distributed under a milestone-based accountability framework.

On 26 December 2025, Japan's Cabinet approved the FY2026 (Reiwa 8) national budget, which Global Trade Alert logs as including a "Next-Generation Aircraft Development Support" financial-grant programme administered by METI, effective with the fiscal year on 1 April 2026 and running through 31 March 2027. The line item corresponds to METI's "Next-Generation Aircraft Development Support Project" (jiki kokuki kaihatsu-to shien jigyo), funded through the Decarbonisation Growth-type Economic Structure Transition Promotion Subsidy (GX Transition Bond proceeds) and disbursed via a designated implementing body to aerospace-supply-chain firms. The FY2026 allocation is JPY 150 billion, up from JPY 81 billion in FY2025 -- an 85% increase -- aimed at strengthening Japan's aircraft-parts and materials supply chain (composites, advanced materials, engine and airframe components) and its international-competitiveness and economic-security positioning in next-generation aircraft programmes.

On 26 December 2025, Japan's Cabinet approved the FY2026 (Reiwa 8) national budget, which the Global Trade Alert database logs as including a "Capital Investment in Oil and Natural Gas Field Exploration and Asset Acquisition Projects" financial-grant/equity line administered by METI, effective with the fiscal year on 1 April 2026. This continues the government's long-standing equity-investment scheme -- run through JOGMEC (the Japan Organization for Metals and Energy Security) -- that co-funds Japanese companies' upstream oil and gas exploration, development, and M&A/asset-acquisition activity abroad. The FY2026 initial-budget allocation for this specific line is JPY 42.7 billion, down from JPY 56.3 billion in FY2025, though a JPY 19.7 billion supplementary appropriation lifts total FY2026 availability to roughly JPY 62.4 billion -- a modest net increase over FY2025 once the supplementary tranche is included.

On 20 December 2025, the African Export-Import Bank (Afreximbank) signed a USD 750 million dual-tranche senior secured reserve-based lending facility for Heirs Energies Limited, a Nigerian upstream oil and gas producer chaired by Tony O. Elumelu, at a ceremony in Abuja. Afreximbank acted as Mandated Lead Arranger, Facility Agent and Security Agent; the facility is intended to optimise Heirs Energies' capital structure and fund working capital as the company pursues its field development programme on OML 17, where it produces roughly 50,000 barrels per day plus associated and non-associated gas supplying three power plants that account for about 15% of Nigeria's installed electricity-generation capacity. Global Trade Alert logs the transaction as a state-linked loan intervention given Afreximbank's supranational, treaty-based public-development-finance mandate.

The European Investment Bank signed a EUR 200 million risk-sharing guarantee with Banco Santander SA on 19 December 2025 under the "Santander Pan-EU Defence Supply Chain" project (EIB ref. 20250338), against a total project cost of EUR 560 million. The instrument targets large corporate buyers and their suppliers whose main activity is in the security and defence sector, addressing financing gaps tied to information asymmetry, collateral constraints and credit-screening frictions. The EIB frames the operation under Article 309(c) TFEU, tying it to European strategic autonomy and defence-industrial resilience objectives; Global Trade Alert separately logged the transaction as a "red"-flagged state-linked lending-support intervention.

The European Investment Bank signed a EUR 100 million multi-beneficiary intermediated loan with Piraeus Bank SA on 18 December 2025 under the "Piraeus Bank L4SMEs Security & Defence" project (EIB ref. 20250612, approved 12 November 2025). At least 50% of the on-lent amount must go to SMEs and mid-caps active in Greece's security and defence sector, addressing constrained access to finance these firms face due to sector-specific sensitivities and dual-use classification. The EIB describes it as its first-ever financing in Greece dedicated to the security and defence sector, part of a wider Pan-EU Security & Defence Lending Envelope; Global Trade Alert separately logged the transaction (reporting the headline amount as EUR 200 million) as a "red"-flagged state-linked lending-support intervention.

Japan Bank for International Cooperation (JBIC), Japan's state export-credit and outbound-investment finance institution, signed a loan agreement announced 2025-12-18/19 providing USD 98 million toward roughly USD 163 million in total co-financing (with Mizuho Bank) for NSC (Australia) Pty Ltd (NSCA), the Australian subsidiary of Nippon Sanso Holdings Corporation (TSE: 4091). The facility finances part of NSCA's July 2025 acquisition of the Coregas Group (Coregas Pty Ltd and Blacksmith Jacks Pty Ltd in Australia, Coregas NZ Limited in New Zealand), an industrial-gas producer with one of the Southern Hemisphere's largest production facilities and an active hydrogen-production development program. JBIC explicitly framed the loan as supporting "Japan's economic security" by strengthening the resilience of industrial-gas supply chains used across manufacturing, medical, and beverage industries.

On 17 December 2025, the Business Development Bank of Canada (BDC), a federal Crown corporation, introduced a Defence Platform to deploy up to CAD 4 billion in financing, advisory services and investment solutions for Canadian companies in the defence and national-security sector. Of this, CAD 3.5 billion is financing and advisory support to help firms scale, diversify and enter defence supply chains, and CAD 500 million is investment capital deployed via the StrongNorth Fund, the Catalyst Innovation Fund, and targeted indirect investments in private funds aligned with Canada's defence and sovereignty priorities. The platform is anchored on a new CAD 1 billion capital injection into BDC announced in the 4 November 2025 federal budget.

On 21 November 2025, METI Minister Yoji Akazawa designated Rapidus Corporation as the official next-generation semiconductor manufacturer under Japan's Act on Facilitation of Information Processing (情報処理の促進に関する法律, as amended by the Cabinet-approved partial-amendment bill of 7 February 2025), following a public solicitation run 3 September – 2 October 2025. The designation makes Rapidus eligible for a multi-year METI funding envelope reported at roughly JPY 1tn (~USD 6.4bn), with an initial JPY 100bn equity investment by the Information-technology Promotion Agency (IPA) planned for FY2025; the funds support Rapidus' Hokkaido (Chitose) IIM-1 fab targeting 2nm GAA mass production from April 2027 and successor 1.4nm / 1nm nodes. The action is the first standalone Rapidus entry in the IPTM register and operationalises the supply-chain pillar of the 2022 Economic Security Promotion Act for advanced logic.

The UK government confirmed Wylfa on Anglesey, North Wales as the site for the country's first government-backed small modular reactor (SMR) power station, committing over GBP 2.5 billion (~USD 3.3bn) to the programme via state-owned developer Great British Energy – Nuclear (GBE-N). GBE-N named Rolls-Royce SMR as preferred bidder, with an initial three-reactor deployment (scope for five more) targeting grid connection by the mid-2030s and up to 1.5GW of capacity — enough to power roughly three million homes. Site work is set to begin in 2026, subject to final government approvals and contract signature.

The European Investment Fund (EIF), part of the EIB Group, invested EUR 20 million (~USD 23.1 million) on 6 November 2025 in TIN Capital's European Cyber Tech Fund V, a growth-equity vehicle backing European cybersecurity scale-ups. EIF's participation is supported under the European Commission's InvestEU programme; alongside Invest-NL and private investors, the fund closed at over EUR 80 million. The EIF frames the investment as strengthening Europe's digital security and autonomy amid incoming EU cybersecurity regulation (NIS2, the Cybersecurity Act, DORA). Global Trade Alert separately logs the transaction as a "red"-flagged state-linked financial investment-support intervention.

Natural Resources Canada's Minister of Energy and Natural Resources, Tim Hodgson, announced on 31 October 2025 conditional approval of up to CAD 36.3 million (USD ~25.8M) in Government of Canada funding for Ucore Rare Metals Inc.'s "Pathway to Samarium and Gadolinium Security" project, part of the first tranche of 26 investments and partnerships under the G7 Critical Minerals Action Plan. The package comprises up to CAD 26.3 million in non-repayable contributions from NRCan's Global Partnerships Initiative (GPI) and up to CAD 10 million from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). Funding will scale up a commercial-scale RapidSX(TM) separation facility in Kingston, Ontario, intended to be the first dedicated samarium and gadolinium oxide production plant in North America, supporting samarium-cobalt magnet production for defence and other applications. Funding remains subject to due diligence and a Contribution Agreement.

The European Commission approved, under EU State aid rules, an Estonian strategic reserve scheme worth EUR 750 million (USD 872 million) to safeguard security of electricity supply in emergency situations. The reserve remunerates generation, demand-side-response and storage capacity held outside the normal market and dispatched only when demand exceeds available supply, such as periods of low wind/solar output coinciding with peak consumption. Capacity will be selected through a competitive, technology-neutral, non-discriminatory bidding process, and the scheme will run until 31 December 2035.

Five Tianhe District (Guangzhou) government bureaus jointly issued Notice 穗天发改规字〔2025〕3号 on 2025-10-16, promulgating "Several Policy Measures to Accelerate High-Quality Development of the Low-Altitude Economy and Aerospace in Tianhe District," effective 30 days after publication (2025-11-19) through 2027-12-31. The package caps district-scale subsidy tracks covering industrial-park and professional-building recognition (up to RMB 1 million per operator), core-technology R&D grants (up to RMB 1 million/year, scaled by enterprise revenue band), airworthiness-certification support (up to RMB 2 million per enterprise/year), low-altitude logistics and eVTOL route operating subsidies (up to RMB 3 million annual pools each), talent incentives (RMB 100,000/person/year, capped at a RMB 10 million pool), vocational training, and insurance support. Global Trade Alert classifies the measure as state aid with a "certainly harmful" (Red) rating.

The UK's state-owned National Wealth Fund (NWF) announced a commitment of up to £31 million as part of a £35 million equity funding round for Cornish Lithium, with the remaining £4 million from existing investor TechMet. The capital is earmarked to advance the Trelavour Lithium Project toward a construction decision and the Cross Lanes Geothermal Lithium Project toward commercial drilling, both in Cornwall, England. The round is NWF's second equity investment in Cornish Lithium following an initial commitment in August 2023, and is conditional on shareholder approval, UK Takeover Panel sign-off, and clearance under the National Security and Investment Act 2021.

On 19 September 2025, the European Investment Fund (EIF), part of the European Investment Bank Group, signed a EUR 260 million (USD ~305 million) anchor-investor commitment into Jolt Capital V, a growth-stage deep-technology venture capital fund targeting a EUR 1 billion final close. The commitment is funded largely through the European Tech Champions Initiative (ETCI), an EU-backed programme that has committed over EUR 2.5 billion across 11 scale-up technology funds and aims to mobilise EUR 10 billion in total resources for late-stage European tech companies. Jolt Capital V will invest in growth-stage B2B companies across semiconductors, cybersecurity, AI, industry 4.0, new materials and mobility, sectors the EIB Group frames explicitly around European strategic autonomy and competitiveness.

On 15 September 2025, the Government of Ontario announced a CAD 18 million (USD 12.97m) grant to McMaster University to expand medical isotope production at the McMaster Nuclear Reactor in Hamilton. The funding moves the reactor to 24/7 operation, adds 16 jobs, and is projected to raise custom-isotope output from roughly 70,000 to up to 84,000 patient treatments annually (Holmium-166 for liver cancer, Iodine-125 for prostate-cancer and ocular/brain tumour therapy). The investment follows Ontario's July 2025 launch of the Nuclear Isotope Innovation Council of Ontario (NIICO), which aims to double provincial isotope output within four years.

Taiwan's Executive Yuan on 11 September 2025 passed the special budget "Central Government Special Budget for Strengthening Economic, Social and Livelihood National Security Resilience in Response to International Circumstances," allocating NT$46 billion (approx. USD 1.5 billion) to the Ministry of Economic Affairs for four industry-support measures aimed at firms hurt by US tariffs. The four measures — preferential export-loan guarantees, SME diversified-development loans, R&D/equipment-transformation subsidies, and overseas-market-expansion subsidies — had already been soft-launched on 7 August 2025 under an emergency "shift funds to urgent need first" principle, with the September budget formalising and funding them. As of the government's mid-October 2025 status update, over 1,200 applications had been received across the four programmes, generating roughly NT$8.9 billion in approved financing.

The European Investment Bank (EIB) signed a EUR 400 million loan agreement with Fresenius on 8 September 2025 in Bad Homburg, Germany, to finance research, development and innovation activities and capacity expansion for Fresenius Kabi's manufacturing of biosimilars, generic drugs, infusion therapies, clinical nutrition products, and associated medical devices across EU member states. The financing is explicitly framed by both parties as strengthening the resilience of European pharmaceutical production and security of supply for EU healthcare systems.

Spain's Council of Ministers approved Royal Decree 768/2025 (published in BOE no. 212, 3 September 2025), establishing the regulatory basis for a direct state loan of up to EUR 1,011,850,000 to Hisdesat Servicios Estratégicos SA to develop the PAZ 2 radar Earth-observation satellite program (two SAR satellites plus ground segment), replacing the PAZ 1 satellite whose service life ends around 2030-2031. The program runs 2025-2032 and is designed to maintain Ministry of Defence access to synthetic-aperture-radar imagery for national-security purposes, with Hisdesat providing observation capacity to the Ministry of Defence for an initial 10-year period per satellite once operational.

Japan Bank for International Cooperation (JBIC) signed a loan agreement, announced 2025-08-21 (signed 2025-08-20), providing up to USD 14 million (JBIC's portion) toward a USD 24 million total co-financing package with Sumitomo Mitsui Banking Corporation for ETC Group Limited, a Mauritius-based company backed by Mitsui & Co., Ltd. The loan funds liquefied petroleum gas (LPG) operations conducted through ETG Energy, ETC Group's wholly owned subsidiary, across Zambia, South Africa, Mozambique, and Uganda. JBIC explicitly framed the financing as supporting Japanese overseas business expansion and enabling a household-fuel transition from charcoal to LPG aligned with the recipient countries' Paris Agreement emissions commitments.

Italy's Ministry of the Environment and Energy Security (MASE) signed a decree on 8 August 2025, published in Gazzetta Ufficiale n. 208 on 8 September 2025, allocating EUR 597.32 million in non-repayable ("a fondo perduto") incentives for the purchase of battery-electric vehicles. The scheme is funded under PNRR Investment 4.5 (light-duty private and commercial fleet renewal) and targets private individuals (one M1 passenger vehicle, list price capped at EUR 35,000 ex-VAT/options, grant EUR 9,000-11,000 based on ISEE income band) and microenterprises (up to two N1/N2 commercial vehicles, grant up to EUR 20,000 per vehicle capped at 30% of purchase price). Eligibility is restricted to residents/registered offices in functional urban areas (cities over 50,000 inhabitants plus commuter belt) and requires scrapping a Euro 5 or older internal-combustion vehicle.

METI certified a Supply Security Plan (供給確保計画) filed by Nitto Boseki Co., Ltd. under Japan's Economic Security Promotion Act, designating low-thermal-expansion glass cloth for cutting-edge logic IC packaging substrates as a "specified critical good" material input. The certification (plan no. 2025-semicon-3-1, approved 7 August 2025) qualifies Nitto Boseki for a grant of up to JPY 2.4 billion (~USD 16 million) toward a JPY 7.2 billion new production line at its Fukushima No. 2 plant, targeting a roughly 200% increase in domestic capacity for this glass-cloth grade with supply starting July 2027 and a committed 10-year production run.

METI certified a Supply Security Plan (供給確保計画) filed by IHI Master Metal Co., Ltd. under Japan's Economic Security Promotion Act, designating nickel-alloy investment castings for aircraft engine and structural components as a "specified critical good" material input. The certification (plan no. 2025-aircraft-3-1 / ２０２５航空機の部品第３号－１, approved 1 August 2025) qualifies IHI Master Metal for a grant of approximately JPY 2.5 billion (~USD 16.6 million) to expand domestic nickel-alloy casting capacity for aircraft parts.

METI certified a Supply Security Plan (供給確保計画) filed by DIC Corporation under Japan's Economic Security Promotion Act, designating epoxy resin used in semiconductor packaging/encapsulation as a "specified critical good" material input. The certification (plan no. 2025-semicon-2-1, approved 31 July 2025) qualifies DIC for a grant of up to JPY 3 billion (~USD 20.1 million) toward a new epoxy-resin plant at its Chiba (Ichihara) factory, targeting roughly a 59% increase in domestic production capacity for semiconductor-grade epoxy resin, with supply starting July 2029.

The European Commission approved, under EU State aid rules, a Swedish strategic reserve scheme worth EUR 300 million to safeguard security of electricity supply in emergency situations. The reserve remunerates generation, demand-side-response and storage capacity held outside the normal market and dispatched only when demand exceeds available supply, typically during winter peak-demand periods. Capacity will be selected through a competitive, technology-neutral, non-discriminatory bidding process, with the scheme authorised to run until 2035.

On 21 July 2025 the African Development Bank Group's Board of Directors approved a EUR 100 million (~USD 116.6 million) loan to Morocco for an Inclusive Solidarity-Based Agriculture Program targeting women and youth entrepreneurs. The program funds new agricultural production and service infrastructure, tailored financing and incentive mechanisms, and technical/financial support systems to boost food security and climate resilience among small-scale farmers, in support of Morocco's Green Generation 2020-2030 Strategy, National Solidarity Agriculture Program, and National Youth Entrepreneurship Program. Global Trade Alert logs the transaction as a state-linked in-kind grant/development-finance intervention.

Italy's Ministry of Enterprises and Made in Italy (MIMIT) signed a decree ("Disciplina degli interventi di sostegno alla domanda di servizi di cloud computing e cyber security") on 18 July 2025 establishing a EUR 150 million fund, drawn from FSC 2014-2020 resources, to subsidize SME and self-employed purchases of cloud computing and cybersecurity services nationwide. Beneficiaries receive a non-repayable grant covering up to 50% of eligible expenses, capped at EUR 20,000 per beneficiary, conditional on holding a connectivity contract of at least 30 Mbps download speed. Supplier registration (a prerequisite for the voucher's use) was originally set to close 23 April 2026 and was later extended to 27 May 2026; beneficiary application procedures follow once the authorized-supplier list is formed.

METI certified a Supply Security Plan (供給確保計画) filed by JX Metals (JX Nippon Mining & Metals Corporation, now JX Advanced Metals) under Japan's Economic Security Promotion Act, designating copper-based sputtering targets used in semiconductor wiring as a "specified critical good." The certification (plan no. 2025-semicon-1-1, approved 18 July 2025) is the first in the 2025 semiconductor tranche and qualifies JX Metals for a grant of up to JPY 2.2 billion (~USD 14.8 million) toward roughly JPY 6.6 billion of capex expanding sputtering-target production capacity at its Hitachinaka (Ibaraki Prefecture) plant.

The French government, sole shareholder of state-owned IN Groupe, backed IN Groupe's acquisition of IDEMIA Smart Identity (ISI) with a capital increase, completed 2025-07-01. The deal — IN Groupe's largest since its creation, with press estimates as high as EUR 1 billion though terms were not officially disclosed — creates a combined entity with over 4,000 employees and consolidated turnover above EUR 1 billion, making IN Groupe the world's largest provider of physical/digital identity cards and second-largest passport provider. The Ministry framed the operation as building a "global champion" in identity documents to secure French/ European sovereignty over the identity and biometrics value chain.

On 18 June 2025 the European Investment Bank (EIB) and the BPCE banking group signed a EUR 300 million loan agreement to expand financing available to French small and medium-sized enterprises (SMEs) active in the security and defence supply chain, delivered through BPCE's Banque Populaire and Caisse d'Epargne networks. It is the first such operation the EIB has signed in France, and the second in Europe, under the EIB's Pan-EU Security & Defence Lending Envelope, which was expanded from EUR 1 billion to EUR 3 billion earlier in 2025 (a first tranche was signed with Deutsche Bank in Germany the preceding week). Funds are earmarked for SMEs investing in cybersecurity, surveillance, resilience, and defence technologies.

On 12 June 2025 the UK Department for Energy Security and Net Zero announced approximately GBP 200 million (subject to business case) in development funding for the Acorn carbon capture and storage (CCS) project at St Fergus, Aberdeenshire, and for National Gas's SCO2T Connect pipeline, which repurposes 175 miles of existing gas pipeline plus 35 miles of new-build pipeline to carry CO2 captured at Grangemouth to North Sea storage. The award forms part of a wider GBP 9.4 billion Spending Review 2025 commitment to carbon capture, utilisation and storage (CCUS), alongside a parallel award to the Viking CCS project in the Humber. Government cites up to 15,000 jobs at Acorn's peak construction and the safeguarding of an estimated 18,000 existing North Sea jobs.

On 11 June 2025 the European Investment Bank (EIB) and Deutsche Bank signed a EUR 500 million framework loan agreement, enabling roughly EUR 1 billion in on-lending to small and medium-sized enterprises (SMEs) in the European security and defence supply chain, as well as military and police infrastructure such as training facilities. It is the first operation signed under the EIB's Pan-EU Security & Defence Lending Envelope, which was tripled from EUR 1 billion to EUR 3 billion around the same date, and was unveiled by EIB Group President Nadia Calviño at the European Defence and Security Summit in Brussels.

In the Spending Review 2025 (delivered 11 June 2025), HM Treasury committed "over £2.5 billion" for nuclear fusion, explicitly including support for the UK's STEP (Spherical Tokamak for Energy Production) programme to design and build a prototype fusion power plant on the site of the former West Burton A coal power station in Nottinghamshire. The commitment covers the multi-year Spending Review period and is administered through the UK Atomic Energy Authority. STEP construction is expected to begin in the 2030s, with first operations targeted for 2040, and the government cites over 10,000 jobs supported by the programme.

The European Investment Fund (EIF), part of the EIB Group, and the European Commission announced a EUR 40 million (~USD 45.2 million) investment in Keen Venture Partners' European Defence and Security Tech Fund on 22 May 2025. The commitment is made under the InvestEU Defence Equity Facility (DEF), a EUR 175 million joint instrument (EUR 100 million from the European Defence Fund plus EUR 75 million from the EIF) created to close the equity-financing gap for early-stage European defence and dual-use technology companies through 2027. The Keen fund targets a final size of EUR 125 million and plans to back 20-25 early-stage startups across European NATO countries working on information superiority, cyber defence, robotics, AI, autonomous systems and space technologies. Global Trade Alert separately logs the transaction as a "red"-flagged state-linked financial-investment-support intervention.

On 19 May 2025, Emirates Development Bank (EDB) launched the Emirates Growth Fund (EGF), an AED 1 billion (~USD 272 million) growth-equity platform targeting UAE-based SMEs with annual revenues of AED 10 million or more operating in four national priority sectors: manufacturing, food security, healthcare, and advanced technology. EGF takes active minority equity stakes, typically deploying AED 10-50 million in primary capital per company, to fill the "missing middle" between early-stage venture funding and traditional private equity. The fund forms part of EDB's broader financing portfolio supporting the UAE's Operation 300bn industrial strategy.

The European Commission approved, under EU State aid rules (Case SA.111368), Italy's reintroduction of tax and social-security relief for shipping companies that register vessels in the Italian International Register ("Registro Internazionale"). The scheme, worth an estimated EUR 5.4 billion, runs for a ten-year period from 1 January 2024 to 31 December 2033 and grants qualifying operators — including cruise-ship shipboard concessionaires — corporate income-tax reductions, withholding-tax credits, and exemptions from seafarer social-security and welfare contributions. The stated aim is to encourage ship registration under EU/EEA flags, strengthen the competitiveness of the Italian-flagged fleet, and raise compliance with EU social, environmental and safety standards; undertakings in financial difficulty are excluded.

Bpifrance, France's state-owned public investment bank, took a 1.8% equity stake with board representation in Opella — the Sanofi-spun-off consumer healthcare unit that makes Doliprane (paracetamol) and other OTC brands — as part of the closing of Sanofi's sale of a 50% controlling stake to US private equity firm Clayton, Dubilier & Rice (CD&R). Sanofi retains 48.2%. The stake was widely read domestically as a state sovereignty guarantee attached to a politically contentious foreign takeover of a company regarded as critical to French medicine supply security.

On 2025-04-30, Japan's METI certified a supply-assurance plan (certification no. 2025永久磁石第1号-1) under the Economic Security Promotion Act (ESPA) for Shin-Etsu Chemical Co., Ltd. and its foreign subsidiary Shin-Etsu Magnetic Materials Vietnam, covering "permanent magnets" as a designated specified critical material. The certified plan's stated goal is introducing rare-earth-recovery recycling equipment to process end-of-life magnets, with a disclosed maximum subsidy of approximately JPY 3.7 billion (~USD 25.94 million). The certification is one of a running series of magnet-sector ESPA supply plans METI has approved since 2022.

The Legislative Yuan of Taiwan (ROC) passed amendments to Article 10-1 of the Statute for Industrial Innovation (產業創新條例) on third reading on 18 April 2025, promulgated by Presidential Decree on 7 May 2025 and effective for qualifying expenditures incurred from 1 January 2025. The amendment expands the scope of the existing Article 10-1 investment tax credit — previously covering hardware, software, technology, or technical services for smart machinery, 5G network deployment, and cybersecurity — to additionally cover (i) AI products or services and (ii) energy-conservation and carbon-reduction initiatives. The maximum eligible expenditure cap per company per taxable year is doubled from NT$1bn to NT$2bn, and the implementation period is extended through 31 December 2029. Secondary legislation operationalising the amended categories was jointly issued by MOEA and MOF on 27 November 2025 as the "Regulations Governing Tax Credits Claimed for Investments in Smart Machinery, 5G Networks, Cybersecurity, Artificial Intelligence (AI) Products or Services, and Energy Conservation and Carbon Reduction." This is Taiwan's first AI-and-green-tech investment tax credit mechanism in the general-industrial framework, distinct from Article 10-2 (the chip-specific R&D + advanced-equipment credit, "Taiwan Chips Act").