Investment Plan for Europe exceeds €500bn target ahead of time
The European Commission and the European Investment Bank Group have delivered on their pledge to mobilise €500 billion in investment under the Investment Plan for Europe.
Some 1,400 operations have been approved under the European Fund for Strategic Investments, using a budget guarantee from the European Union and own resources from the EIB Group.
They are expected to trigger close to €514 billion in additional investment across EU countries and to benefit some 1.4 million small and mid-sized companies.
In 2017, when the Council and the Parliament agreed to broaden the EFSI’s scope and size, the goal was to mobilise €500 billion by the end of 2020. The money was intended to address the investment gap left as a result of the 2007/8 financial and economic crisis.
