Press Release

EFSI 2.0 will boost sustainable investments in Europe

Strasbourg
, 12.12.2017 - 13:32
Savings

Today, the European Parliament approved the extension of the European Fund for Strategic Investments, referred to as EFSI 2.0. This extension consists of an increase in the EU guarantee from €16 billion to €26 billion and a raise in the capital of the European Investment Bank (EIB) from €5 billion to €7.5 billion. It aims to trigger private and public investment of €500 billion in total over the period until 2020.

“EFSI 2.0 will enhance competitiveness, growth, employment and the quality of life of EU citizens through sustainable investments”, stated José Manuel Fernandes MEP, EPP Group Spokesman in the Budgets Committee and Co-Rapporteur on EFSI.

“EFSI will be even more effective, targeted and transparent in future”, added Othmar Karas MEP, the EPP Group Spokesman on the issue in the Economic and Monetary Affairs Committee.

This guarantee fund allows the EIB to use EU funds as collateral to provide loans and participation to the projects with high additionality, the principle that a project is selected only if it would not have been realised at all or in this form without EFSI support.

“This new version of EFSI will also improve the geographical distribution of investments since we have enhanced the role of the Advisory Hub, strengthening its local presence to provide the targeted support required to identify, prepare and develop investment projects across the EU”, added Fernandes.

“The focus extends especially to high-quality cross-border projects. There will also be direct EU guarantees for investment platforms, allowing investments in smaller projects as well as supporting big research ideas”, concluded Karas MEP.

EFSI is an EPP Group initiative launched in 2015 for an initial period of 3 years to help tackle the investment gap in the EU by mobilising private investment in strategically important projects for the EU. Since its creation, EFSI has already significantly contributed to growth, employment and competitiveness in Europe: more than €251 billion in investments, benefiting 445,000 Small and Medium-Sized Enterprises (SMEs) and creating 300,000 new jobs.

Note to Editors
The EPP Group is the largest political group in the European Parliament with 217 Members from 27 Member States

MEP Contacts

-
José Manuel FERNANDES
STR - Phone: +33 (0)3 88 175165 Fax: +33 (0)3 88 179165
Email: josemanuel.fernandes@europarl.europa.eu
-
Othmar KARAS
STR - Phone: +33 (0)3 88 175627 Fax: +33 (0)3 88 179627
Email: othmar.karas@europarl.europa.eu

Press Contacts

Francisco Correia Da Silva
Press Officer for Budget and Structural Policies Working Group, Budgets and Portuguese Media, EIN, Communications Strategy
Phone: +32 470 830 567
Daniel Köster
Press Officer on Economy and Environment, Economic and Monetary Affairs and Austrian Media, Communication
Phone: +32 487 384 784

Latest

Combines harvesting wheat
20.09.2018 - 10:37

Pesticides: science mustn't be guided by politics

In a draft Report released today, the EPP Group insists on a science-based approach towards pesticide authorisation. "We need to further...
pharmacy
13.09.2018 - 12:40

Dual Quality Products: what you see is what you should get

The European Parliament today proposed concrete measures to solve the problem of quality differences between products sold under the same brand and...
Copyright law, defending consumers, State of the Union, Future of Europe
13.09.2018 - 12:30

Copyright law, defending consumers, State of the Union, Future of Europe

The European Parliament has approved legislation to help online content creators earn their fair share through a stronger EU copyright law. It also...
Business woman working on desk
12.09.2018 - 13:31

EPP Group leads EP in protection of independent journalism

The European Parliament stands behind journalists, creators, authors, publishers and legitimate copyright right-holders. This is the outcome of today...

Highlights of the week

24.09.2018 - 28.09.2018
Financial Pie Chart - Euro

Cohesion Policy after 2020

The EPP Group will hold a public hearing on 'Cohesion Policy post-2020: Investments and solidarity in the context of the new EU budget', on...
word budget

2019 EU Budget Committee vote

On Tuesday and Wednesday, the Budgets Committee will vote on the 2019 EU Budget, ahead of the vote scheduled for the October II plenary session. Jos...
A heap of old collectors and vintage coins

Stopping illegal trafficking of cultural goods

The black market of antiquities and cultural goods constitutes one of the most persistent illegal trades in the world. For the moment, there is no EU...
Believe in People campaign Giovanni La Via