Why a European Fund for Strategic Investments?
Studies revealed an investment gap in Europe with investment levels 15% lower than pre-crisis levels. This investment gap points to a market failure and a reduced capacity of investors to take risks.
In order to remedy this investment gap, recover from the crisis and strengthen its global competitiveness, the EU developed a three pronged strategy known as the Investment Plan for Europe.
The Investment Plan for Europe consists of:
- The European Fund for Strategic Investments (EFSI) aiming at mobilising at least EUR 315bn in additional investment
- The improvement of the European regulatory environment
- Supporting the investment environment in Europe through the European Investment Advisory Hub and the EU Investment Project Portal
Impact of the Investment Plan on jobs and growth
The European Commission has estimated that the Investment Plan has the potential to add between EUR 330bn and EUR 410bn to EU GDP and to create between 1 and 1.3 million new jobs in the coming three years.
The European Fund for Strategic Investments (EFSI) is jointly funded by the EU and the EIB.