EFSI Fund for Kick-starting Investment under Juncker Plan Ready to Operate in Early Autumn 2015

The European Commission today announced that it took important decisions to ensure that the European Fund for Strategic Investments (EFSI) can start operations in early autumn 2015. It is the main instrument under The Investment Plan for Europe (also called Juncker Plan) aimed to kick-start investment in strategic projects, including energy-related projects, unlocking investment of at least EUR 315 billion in the period 2015 to 2017.

1. Decisions Taken by the Commission

The decisions taken by the Commission to get EFSI up and running by early autumn 2015 include:

2. General Information About the Juncker Plan and EFSI

Under the Juncker Plan, which the President of the European Commission, Jean-Claude Juncker proposed upon taking office in late 2014, The European Commission and the European Investment Bank (EIB) have teamed up with the objective of mobilising investment primarily in strategic infrastructure (including energy), SMEs and middle capitalisation companies, fostering EU competitiveness via the EFSI fund.

The EU will provide EUR 21 billion in funding, a EUR 16 billion guarantee pursuant to Regulation for a European Fund for Strategic Investments and the European Investment Bank’s (EIB) own resources (EUR 5 billion). The fund will be set up within existing EIB Group structures.

As the EFSI Regulation shows (see in particular Recital 13) energy infrastructure and efficiency as well as renewable energy projects can receive funding if they meet the general eligibility criteria listed in Article 6 and the requirements for the use of the EU guarantee laid down in Article 9.

Source: europa.eu

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