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27-11-2014

Economic Issues | EU

EU launches Investment Offensive to boost jobs and growth

Delegation Ukraine EU News

The European Commission today announced a EUR 315 billion Investment Plan to get Europe growing again and get more people back to work.

The Plan is built on three main strands.

  • the creation of a new European Fund for Strategic Investments (EFSI), guaranteed with public money, to mobilise at least EUR 315 billion of additional investment over the next three years (2015 - 2017);
  • the establishment of a credible project pipeline coupled with an assistance programme to channel investments where they are most needed;
  • an ambitious roadmap to make Europe more attractive for investment and remove regulatory bottlenecks.

According to European Commission estimates, taken as a whole, the proposed measures could add EUR 330 – EUR 410 billion to EU GDP over the next three years and create up to 1.3 million new jobs.

Commenting on the Plan, European Commission President Jean-Claude Juncker said: "If Europe invests more, Europe will be more prosperous and create more jobs – it's as simple as that. The Investment Plan we are putting forward today in close partnership with the European Investment Bank is an ambitious and new way of boosting investment without creating new debt. Now is the time to invest in our future, in key strategic areas for Europe, such as energy, transport, broadband, education, research and innovation."

In detail, the new Investment Plan will be built on three strands:

1. Mobilising additional finance for investment.

The Investment Plan will unlock public and private investments in the real economy of at least EUR 315 billion over the next three years (2015-2017). New European Fund for Strategic Investments (EFSI) will be set up in partnership with the European Investment Bank (EIB). It will be built on a guarantee of EUR 16 billion from the EU budget, combined with EUR 5 billion committed by the EIB. The focus of the Fund should be to invest in infrastructure, notably broadband and energy networks as well as transport infrastructure in industrial centres; education, research and innovation; and renewable e! nergy and in SMEs.

In addition, EUR 20 and EUR 35 billion in terms of additional investments in the real economy could be mobilised between 2015 and 2017.

2. A credible project pipeline coupled with technical assistance to channel the money where it is needed.

The Investment Plan will enable finance to reach the real economy through the creation of a transparent pipeline identifying viable projects at EU level and providing the necessary technical assistance to support project selection and structuring and the use of more innovative financial instruments. 

The Commission and the EIB will also launch a major programme of technical assistance to identify projects and help make them more attractive for private investors.

3. A Road Map to tackle barriers to investment.

The Investment Plan will contain a Road Map to remove sector specific regulatio! ns that hamper investment.

To improve the business environment and financing conditions, the plan will focus on measures in the financial sector, for example the creation of a Capital Markets Union, to provide an enhanced supply of capital to SMEs and long-term projects.

Priority will be given to removing the significant regulatory and non-regulatory barriers which remain across all the important infrastructure sectors, including energy, telecoms, digital and transport, as well as barriers in services and product markets.

The European Parliament and the December European Council are invited to endorse the Investment Plan for Europe.

More information:

Q&A Investment Plan

Website dedicated to the Investment plan  





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