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Juncker Plan exceeds original target

Jul 19, 2018 | News

(18 July 2018) – The European Fund for Strategic Investments (EFSI) has mobilised €335 billion in additional investment across the EU since July 2015.

© The New European

Backed by a budget guarantee from the European Union and own resources from the European Investment Bank (EIB) Group, 898 operations have been approved, which are expected to trigger €335 billion in investment across the 28 EU Member States.

This is more than the original goal of €315 billion set in 2015 when EFSI was launched, helping to close the investment gap left as a result of the financial and economic crisis. 700,000 small and medium-sized companies are set to benefit from improved access to finance.

Given the EFSI’s success, the European Council and the European Parliament agreed last year to extend its duration and capacity to €500 billion by end-2020.

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