Connect with us

EU

#JunckerPlan reaches almost €410 billion in triggered investment across EU 

SHARE:

Published

7 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

Following the latest meeting of the European Investment Bank (EIB) Board of Directors, the Juncker Plan's European Fund for Strategic Investments (EFSI) is now expected to trigger €408.4 billion in investments. As of June 2019, the deals approved under the Juncker Plan amount to €75bn in financing and are located in all 28 member states.

Some 952,000 start-ups and small and medium-sized businesses (SMEs) are expected to benefit from improved access to finance. Currently, the top five countries ranked in order of investment triggered relative to GDP are Greece, Estonia, Bulgaria, Portugal and Latvia.

The EIB has approved €55.2bn worth of finance for infrastructure and innovation projects, which should generate €252.5bn of additional investments, while the European Investment Fund (EIF), which is part of the EIB Group, has approved €19.8bn worth of agreements with intermediary banks and funds to finance SMEs, which are expected to generate €155.9bn of additional investments.

Updated country-specific factsheets with brand new case studies are available on our website. More information in this press release.

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending