> I was happy to read this as a founder who was raised in the UK

The UK isn't a member of the EIB.

> No good founder is waiting for 6 months. It makes absolutely no sense when VCs can make decisions in days, hours even.

Speculation, but based on similar initiatives done in the EU in the past, it will target industrial and manufacturing vendors and suppliers (especially as this proposal is linked to KfW).

That said, no point discussing this until the final proposal actually gets presented and voted on by the Board of Governors. Most of what exists publicly is just vague press releases.