Press Release

EFSI supported more than 420,000 small businesses

Strasbourg
, 15.06.2017 - 09:24
business statistics in blue - white chart with a blue arrow going up

“The European Fund for Strategic Investments (EFSI), which is at the heart of the Juncker Investment Plan, has delivered the expected results and has largely exceeded expectations as regards SME investments," stated the EFSI Co-Rapporteur, José Manuel Fernandes MEP.

The three-year investment plan is in place since July 2015 and aims to mobilise a total of €315 billion: €240 billion for infrastructure projects and €75 billion for SMEs. EFSI has so far mobilised more than €194 billion in investment and supported more than 400,000 small and medium-sized enterprises.

Given such success, the EPP Group supports extending EFSI until 2020. “Investing for long-term effects is not a sprint, but a marathon. I am glad that we are extending, ramping up and enhancing the Juncker Investment Plan. The overall investment goal is €500 billion,” stated Othmar Karas MEP, the EPP Group Spokesman on the issue in the Economic and Monetary Affairs Committee.

“EFSI is helping to create jobs and has contributed to growth, but citizens are unaware of this positive effect. EFSI is an EU success that deserves to continue and gain greater visibility,” advised José Manuel Fernandes MEP.

Despite EFSI’s success, the Commission estimates that the investment gap in Europe is minimum €200-300 billion a year. "EFSI alone cannot close the investment gap in Europe. To boost the European economy we also need to remove obstacles to the internal market, improve the investment and business environment and further develop the Economic and Monetary Union," concluded Othmar Karas MEP.

MEPs will vote today in plenary on the report on the implementation of the European Fund for Strategic Investments.

Note to Editors
The EPP Group is the largest political group in the European Parliament with 216 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
Portuguese press; Communications Strategy
Phone: +32 470 830 567
Daniel Köster
Austrian press; Communications Strategy
Phone: +32 487 384 784

Latest

Young plant
11.12.2017 - 17:54

Omnibus: green light for simplification of CAP reform

New rules for a simpler and fairer EU farming policy which will strengthen farmers’ position in a fairer supply chain have been endorsed by the...
Brexit Jigsaw puzzle displaying european map missing Great Britain
08.12.2017 - 11:45

Brexit: no transitional period without results in 2nd phase

"We will only accept a transitional period after Brexit if we are satisfied with the outcome of the second phase of negotiations", warned...
Exhaust pipe
07.12.2017 - 12:29

EPP Group welcomes deal to fix Dieselgate loopholes

The EPP Group welcomes the agreement on the new rules of type approval and market surveillance agreed today by the European Parliament and the...
06.12.2017 - 16:12

20 years of Interreligious Dialogue

The role of religion in European integration, the migration crisis and relations will top the agenda of the EPP Group’s 20th Annual...

Highlights of the week

11.12.2017 - 15.12.2017
Brexit Direction Sign

Brexit negotiations

The key debate on Wednesday will focus on the Brexit negotiations and preparations of the next Council meeting. "We will only accept a...
Protesters in Venezuela

2017 Sakharov Prize Award

The 2017 Sakharov Prize for Freedom of Thought will be awarded to the Democratic Opposition in Venezuela during the ceremony in Strasbourg on...
Picturesque patchwork quilt farmland aerial view over fields rural villages

Common Agricultural Policy: mid-term reform

A debate on rules to simplify EU farming policy, boost farmers’ bargaining power and better equip them to face risks will take place on Monday...
Manfred Weber