Under a Communication, the European Commission published some proposals which include the extending the European Fund for Strategic Investments (EFSI) beyond its initial three year period to address remaining market gaps and failures and continue to mobilise private sector financing.
The EFSI is at the heart of this Commission’s Investment Plan. Managed by the EIB Group, it is firmly on track to deliver on mobilising at least EUR 315 billion in additional investments in the real economy by mid-2018. The EFSI provides a first loss guarantee, so that the EIB has been able to invest in more projects, sometimes riskier projects, and to invest sooner than without the EFSI. Overall, the EFSI is already active in 26 Member States and is expected to trigger EUR 100 billion in investment with the approvals given so far.
In February, the Commission issued guidance on how European Structural and Investment Funds (ESI Funds) can be combined with the EFSI to enable as much investment as possible. A first set of projects is already benefiting from this combination in practice which will be further simplified.
In addition, the Commission has already taken a number of steps to improve the business environment and financing conditions as part of the Investment Plan’s third pillar.
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