UK will co-finance € 8.5 billion in EFSI projects
On 16 July 2015, the United Kingdom announced that it will contribute £ 6 billion (about € 8.5 billion) to projects financed under the European Fund for Strategic Investments (EFSI). This makes the UK the ninth country to contribute national funds to the EFSI, after Germany, Spain, France, Italy, Luxembourg, Poland, Slovakia and Bulgaria. The UK's contribution is the biggest co-financing pledge by any country to-date.
European Commission Vice-President Jyrki Katainen, Commissioner for Jobs, Growth, Investment and Competitiveness, welcomed the UK's decision, saying "This is the biggest announcement yet and will have a big impact on SMEs and infrastructure in the UK. The Investment Plan for Europe is moving into high gear."
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