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€ 315 billion Investment Plan for Europe announced

 

OTHER NEWS AFFECTING PROJECTS & PM

European Fund for Strategic Investments to focus on projects that will provide jobs and growth

26 November 2014 – Brussels, Belgium – The European Commission today announced a € 315 billion Investment Plan targeting additional support for infrastructure, education, research and innovation, renewable energy and SMEs and mid-caps.

141126-pmwj29-european-IMAGEA new European Fund for Strategic Investments (EFSI) will be set up in partnership with the European Investment Bank EIB, built on a guarantee of € 16 billion from the EU budget, combined with € 5 billion committed by the EIB. This new initiative will allow the EIF to increase its support for SMEs and mid-caps over the next three years.

Photo: EIB President Werner Hoyer addressing the European Parliament on investment; courtesy of EIB

The Investment Plan for Europe aims to revive investment in strategic projects around Europe to ensure that money reaches the real economy. This is particularly the case for higher-risk projects which have the potential to fuel growth and employment opportunities for the EU and bear high return for Europe’s competitiveness.

For further information on the announcement please see the press release below:

http://www.eib.org/infocentre/press/news/all/eu-launches-investment-plan-for-growth-and-jobs.htm

http://www.eib.org/about/invest-eu/index.htm