We have reached the investment target of €315 billion under the European Fund for Strategic Investments! EFSI is set to trigger €335 billion of additional investment europa.eu/!wT74nd #investEU #EFSI
EFSI aims to mobilise private investment in strategic projects for the EU, ensuring that money reaches and boosts the real economy. We launched it with @EIB in 2015 under the Investment Plan for Europe - also called #JunckerPlan #investEU #EFSI
In practice, EFSI is a €33.5 billion guarantee from the EU and @EIB budgets. It enables EIB to provide financing to higher-risk projects than it normally would. It has led to major economic benefits, unlocking additional investment of €335 billion in three years #investEU #EFSI
The EU has financed projects which would not have been possible without the EFSI, and all without creating new debt: 2/3 of the investment comes from the private sector #investEU #EFSI
EFSI has an impact on the real economy. It is expected to create 1.4 million new jobs and increase EU GDP by 1.3% by 2020 #investEU #EFSI
How has the #JunckerPlan benefited citizens?
💻 15 million households with high-speed broadband
🏥 30 million Europeans benefit from better healthcare
🏘️ 500,000+ affordable houses built or renovated
🍃 7.4 million households supplied with renewable energy
#investEU #EFSI
But EFSI isn’t over even if it has exceeded its original target. Given the success of the first phase, it has been extended until 2020 with an investment target of at least €500 billion #investEU #EFSI
What's new in EFSI 2.0?
→ More transparency on how projects receive support
→ Larger proportion of sustainable projects
→ New sectors: sustainable agriculture, forestry, fisheries and aquaculture
→ Greater focus on SMEs
→ Stronger assistance for businesses
#investEU #EFSI
The main beneficiaries from #EFSI are:
📍Smaller companies - 31%
⚡️ Energy - 21%
🧪 Research, development and innovation – 21%
📱Digital - 11%
🚆 Transport - 8%
🍃Environment - 4%
🏘️ Social infrastructure - 4%
More results → europa.eu/!qT93dg
#investEU
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.