EU

#EUInvestmentPlan: How it's supporting Europe’s economy

Published

8 years ago

December 13, 2017

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

EFSI will be extended until the end of 2020. The objective is to mobilize 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 €315bn 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 €50bn on projects set to trigger investments of more than €250bn 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