Following this week’s meeting of the European Investment Bank’s Board of Directors, the Juncker Plan is now expected to trigger more than €183 billion in investments.

This comes under two years after the Juncker Commission launched the European Fund for Strategic Investments (EFSI) at the heart of the plan and represents well over half of the €315 billion target of total investments mobilised that was originally earmarked.

The operations approved under the EFSI represent a total financing volume of just under €34 billion and are located in all 28 member states.

The EIB has now approved 206 EFSI-backed infrastructure projects worth over €25 billion.

The European Investment Fund (EIF) has approved 271 SME financing agreements, with total financing under the EFSI of almost €9 billion.

Over 425,000 SMEs and Midcaps are expected to benefit from these agreements. President Juncker has made it clear that the proposal to extend and reinforce the EFSI (the so-called “EFSI 2.0”) is among the Commission’s top legislative priorities and looks forward to continuing to work closely with co-legislators to ensure its swift adoption.

The European Council has already welcomed an agreement by EU finance ministers to give their backing to the proposal and called for the extension to be adopted by the co-legislators.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.