It provides an overview of how HPC in Europe is financed today and gives recommendations on, for instance, the adaption of financial instruments. The report gives recommendations for four groups considered crucial for the European HPC ecosystem: Independent software vendors (ISVs); HPC centres (service providers); HPC intermediaries; HPC customers (users and potential users). So the European HPC hardware industry is not considered to be crucial, which is notable, as strengthening the European hardware industry is an important goal of the EuroHPC multibillion euro programme that also includes the European Processor Initiative as an important component. Joint acquisition of European exascale systems, another goal of EuroHPC, is discussed.