(12 December 2017) – Today Members of the European Parliament voted to adopt the Regulation to extend and enhance the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe.
The EFSI 2.0 Regulation is expected to enter into force on 1 January 2018. As well as extending the timeline from mid-2018 to the end of 2020, and increasing the investment target from €315 billion to at least €500 billion, the new and improved EFSI has the following features:
– Increased transparency
– Larger proportion of sustainable projects
– Greater focus on small projects
– More technical support at the local level
– Improving the business environment in the EU