EIB estimates that EFSI triggered € 50 bn of investment in 2015
The European Investment Bank (EIB) estimates that the European Fund for Strategic Investment (EFSI) triggered around € 50 billion of investment in Europe by the end of 2015. So far, 42 innovation and infrastructure projects have been approved, and 84 SME financing agreements have been signed. For Austria, one project on the construction and refurbishment of hospitals facilities has been approved, but not yet signed.
The EFSI was set up as a core part of the Juncker Commission's Investment Plan and was adopted in late June 2015. The EFSI is intended to stimulate participation by private investors in a broad range of new investment projects. EU funding for the EFSI comes from redeploying grants from Horizon 2020 and the Connecting Europe facility, as well as from unused margins in the EU's annual budget.
The European Commission has recently published a number of documents on the state of play of the Investment Plan as of January 2016, including a breakdown by sector and by country, as well as examples of EFSI-financed projects (please note that the country factsheets are not yet available for all countries).
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