EC: Juncker plan is now set to trigger more than € 240 million
The European Commission (EC) has announced on the European Fund for Strategic Investment's (EFSI) website that the Investment Plan for Europe - the so-called Juncker Plan - is now expected to trigger €240.9 billion in investments. This represents just over three-quarters of the €315 billion target of total investments mobilised that was originally earmarked.
Following this month's meeting of the European Investment Bank's (EIB) Board of Directors, operations approved under the European Fund for Strategic Investments (EFSI) have a total financing volume of €47.4 billion and are located in all 28 Member States. Around 461,000 small and medium-sized businesses are expected to benefit from improved access to finance as a result of agreements supported by the Plan. The European Commission and the EIB Group estimate that the EFSI has so far supported 300,000 jobs across the EU. By 2020 that figure should be 700,000.
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