EFSI will be extended until the end of 2020. The objective will be to mobilise up to €500 billion worth of investments for projects such as infrastructure improvements, such as new rail lines.
The fund was established in 2015 for a three-year period and aimed to attract €315 billion worth of public and private investments to help boost Europe’s economy. It was proposed by Commission president Jean-Claude Juncker as a response to the drop in investments during the crisis that had left many promising but higher-risk projects struggling to attract funding.
By committing to cover a part of the losses that projects could potentially incur, the fund, managed by the European Investment Bank, has made many business ideas less risky for investors.
By November 2017 approved EFSI financing was close to €50 billion on projects set to trigger investments of more than €250 billion across Europe. Find out the numbers for each EU country in the table below:
|
Country |
Approved EFSI finance (in € million) |
Expected to trigger investment of (€ million) |
|
Austria |
930 |
2,821 |
|
Belgium |
1,261 |
5,832 |
|
Bulgaria |
355 |
1,586 |
|
Croatia |
186 |
741 |
|
Cyprus |
45 |
81 |
|
Czech Republic |
547 |
2,481 |
|
Denmark |
525 |
1,606 |
|
Estonia |
112 |
803 |
|
Finland |
1,414 |
5,634 |
|
France |
7,822 |
36,808 |
|
Germany |
5,020 |
21,752 |
|
Greece |
1,643 |
5,529 |
|
Hungary |
73 |
1,229 |
|
Ireland |
978 |
3,948 |
|
Italy |
6,461 |
36,731 |
|
Latvia |
182 |
615 |
|
Lithuania |
324 |
934 |
|
Luxembourg |
89 |
284 |
|
Malta |
11 |
34 |
|
Netherlands |
2,350 |
8,368 |
|
Poland |
2,515 |
8,869 |
|
Portugal |
1,893 |
5,450 |
|
Romania |
326 |
1,078 |
|
Slovakia |
473 |
1,225 |
|
Slovenia |
59 |
490 |
|
Spain |
5,156 |
30,812 |
|
Sweden |
1,751 |
6256 |
|
United Kingdom |
2,795 |
19,260 |
|
Multi-country operations |
4,305 |
40,357 |
|
EU total |
49,604 |
251,611 |
