The European Fund for Strategic Investments has been one of the good news stories to emerge in a decade of economic uncertainty. It has gone well beyond its highly ambitious target of €500 billion in mobilised investments. The Juncker Plan has made a strong contribution to the 14 million jobs created in the EU between 2015 and 2020.
EFSI has become a success in co-financing projects that otherwise might not have been carried through. It has also charted the path towards new ways of financing. This is not only the case in relatively conventional areas, such as infrastructure, but also in sectors like research and innovation or the contribution to climate change mitigation. This is exactly what makes EFSI so ground-breaking: responding to the needs of the market through continuous financial innovation.
Here to stay
As we announce the official end of EFSI, we are proud and grateful. Proud of how EFSI stimulated and continues to stimulate much-needed investment across Europe, especially from the private sector. Grateful to all the colleagues in the European Commission and the EIB Group who worked tirelessly to make the initiative a success.
‘The EFSI Legacy’ is a series that tells the story of the European Fund for Strategic Investments from 2015 to 2020 through interviews with the Managing Director, Deputy Managing Director, members of the Investment Committee and final beneficiaries across Europe. In this series, we invite you to discover how EFSI came about and how its lean, efficient governance structure turned it into the right tool to support a greener, closer and more innovative Europe.
Download ‘The EFSI Legacy’ book here.
- Matt Rees, Editor, EIB
Compliments of the European Investment Bank – a member of the EACCNY.