Investment Plan for Europe: European Fund for Strategic Investments to trigger EUR 154 billion in new investments
Just under two years since the Juncker Commission announced the Investment Plan for Europe, investments expected to be triggered by the Plan now amount to EUR 154 billion, almost half the originally earmarked EUR 315 billion. The operations approved under the European Fund for Strategic Investments (EFSI) now represent a total financing volume of EUR 27.5 billion and are located in 27 Member States. These figures follow this week’s meeting of the European Investment Bank (EIB) Board of Directors which approved 17 new projects to be financed under the EFSI at the recommendation of the EFSI’s independent Investment Committee. The EIB has now approved 151 infrastructure projects for financing under the EFSI which represent a volume of financing of EUR 19.8 billion. The European Investment Fund (EIF) has approved 234 SME financing agreements, with total financing under the EFSI of EUR 7.7 billion. Close to 377,000 SMEs and Midcaps are expected to benefit. The list of EFSI projects is available here and project information by country and by sector will be available here.