EU investment plan: how it is supporting Europe’s economy 

 
 
Funding from European Fund for Strategic Investments can be used for major infrastructure projects such as new rail lines  

MEPs voted in favour of extending financing from the European Fund for Strategic Investments (EFSI) for EU-wide projects on 12 December. See what financing has been secured so far.

EFSI will be extended until the end of 2020. The objective will be to mobilise up to €500 billion worth of investments for projects such as infrastructure improvements, such as new rail lines.

 

The fund was established in 2015 for a three-year period and aimed to attract €315 billion worth of public and private investments to help boost Europe’s economy. It was proposed by Commission president Jean-Claude Juncker as a response to the drop in investments during the crisis that had left many promising but higher-risk projects struggling to attract funding.

 

By committing to cover a part of the losses that projects could potentially incur, the fund, managed by the European Investment Bank, has made many business ideas less risky for investors.

 

By November 2017 approved EFSI financing was close to €50 billion on projects set to trigger investments of more than €250 billion across Europe. Find out the numbers for each EU country in the table below:

 

Country

Approved EFSI finance (in € million)

Expected to trigger investment of (€ million)

Austria

930

2,821

Belgium

1,261

5,832

Bulgaria

355

1,586

Croatia

186

741

Cyprus

45

81

Czech Republic

547

2,481

Denmark

525

1,606

Estonia

112

803

Finland

1,414

5,634

France

7,822

36,808

Germany

5,020

21,752

Greece

1,643

5,529

Hungary

73

1,229

Ireland

978

3,948

Italy

6,461

36,731

Latvia

182

615

Lithuania

324

934

Luxembourg

89

284

Malta

11

34

Netherlands

2,350

8,368

Poland

2,515

8,869

Portugal

1,893

5,450

Romania

326

1,078

Slovakia

473

1,225

Slovenia

59

490

Spain

5,156

30,812

Sweden

1,751

6256

United Kingdom

2,795

19,260

Multi-country operations

4,305

40,357

EU total

49,604

251,611

 

Source: European Commission (November 2017)

The fund can help to attract a significant amount of investment