(18 September 2019) – Following the latest meeting of the European Investment Bank (EIB) Board of Directors, the Juncker Plan’s European Fund for Strategic Investments (EFSI) is now expected to trigger €433.2 billion in investments across the EU.
As of September 2019, the deals approved under the Juncker Plan amount to €79.7 billion in financing and are located in all 28 Member States. Some 972,000 start-ups and small and medium-sized businesses (SMEs) are expected to benefit from improved access to finance.
Currently, the top five countries ranked in order of investment triggered relative to GDP are Greece, Estonia, Portugal, Bulgaria and Latvia.
The EIB has approved €57.8 billion worth of finance for infrastructure and innovation projects, which should generate €262.6 billion of additional investments, while the European Investment Fund (EIF), which is part of the EIB Group, has approved €21.9 billion worth of agreements with intermediary banks and funds to finance SMEs, which are expected to generate €170.6 billion of additional investments.