EU Investment Offensive: Commission and EIB launch new advisory service on financial instruments

On 19 January, the European Commission, in partnership with the European Investment Bank (EIB), is launching fi-compass, a new advisory service on financial instruments for the European Structural and Investment Funds. This service is part of the “one stop shop” advisory hub, to be launched as an important part of the EU Investment Plan. The work to deliver the Investment Plan is moving fast. Just 50 days after President Juncker announced plans for an EU investment offensive, and the Commission has already launched a legislative proposal for the European Fund for Strategic Investments to mobilise at least €315 billion in private and public investment across the European Union. With the launch of fi-compass, the Commission and EIB are now moving quickly to deliver on the second pillar of the Investment Plan to make actual investment happen in the economy. This second pillar aims at enhancing technical assistance (with an advisory hub to provide all the necessary financial and technical support to public and private promoters) and providing transparency to investors. A transparent project pipeline of viable projects will be launched with the EIB later this year.  This new fi-compass platform will be launched during a two-day conference attended by European Commission Vice-President Jyrki Katainen responsible for Jobs, Growth and Competitiveness, Commissioner for Regional Policy Corina Creţu, and EIB Vice-President Wilhelm Molterer. They will join Member States and regions at this high-level conference to exchange experience and best practice on the design and use of these instruments.