Details
- Part of collection
- Publication date
- 14 November 2016
Description
The European Commission welcomes the independent evaluation of the Investment Plan for Europe published today by EY. The report strengthens the case for reinforcing, extending and expanding the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. The Commission proposed this extension on 14 September in the context of President Juncker's State of the Union Address in order to build on the achievements already delivered in strengthening Europe’s competitiveness and stimulating investment in order to create jobs.
The report confirms that the EFSI mechanism works to mobilise additional investments in the real economy: EFSI allows the European Investment Bank (EIB) to take on more risk; the EU budget guarantee functions well; SME financing under the EFSI has been a great success; and there is a clear need for technical assistance to strengthen the stable pipeline of projects in Europe.