Page contents Page contents How the UK ranks within EU countries Total investment March 2022 Total financing under the European Fund for Strategic Investments (EFSI) in UK amounts to €2 billion and is set to trigger €21 billion in additional investments Infrastructure and innovation projects 21 approved projects financed by the European Investment Bank (EIB) with EFSI backing approximately €1.3 billion total financing set to trigger €17.2 billion in investments Small and medium enterprises (SMEs) 17 approved agreements with intermediary banks or funds financed by European Investment Fund (EIF) with EFSI backing €660 million in financing set to trigger approximately €3.8 billion in investments with some 2 951 SMEs and mid-cap companies expected to benefit from improved access to finance Examples of projects supported by the Investment Plan in the UK Rail infrastructure: ROCK RAIL EAST ANGLIA The EIB is lending €68 million under the Juncker Plan for the purchase of new trains in East Anglia to improve passenger services on key London, intercity, airport and local services. The 378 new train carriages replace outdated existing electric and diesel trains previously in use. Offshore wind farm: GALLOPER The EIB has provided €314 million for the Galloper Wind Farm 30 km off the Suffolk Coast. The offshore wind farm generates enough clean energy to supply around 380,000 homes from 56 of the world’s largest wind turbines. The renewable energy project created close to 700 jobs during construction and employs 90 staff now that it is operational. Smart meters: CALVIN The EIB has lent €515 million to Calvin Capital to install more than 7 million smart meters in the UK. Smart meters measure how much energy people use in real time, helping consumer reduce their consumption and save money. Smart meters also mean that suppliers don’t have to send out staff to read meters, saving on operational costs, and consumers won’t need to make an appointment and stay at home for the reading. Children's sleeping bags: SLUMBERSAC Slumbersac is an SME which manufactures sleeping bags for children. With a Juncker Plan-backed loan, the company has relocated to a bigger warehouse and is aiming to expand its sales to new markets such as Canada, Japan and India. Full list of EFSI-backed projects approved by the EIB Full list of EFSI-backed agreements with financial intermediaries signed by the EIF *The UK received EFSI financing during its membership of the EU. Following its withdrawal from the EU, the UK does not receive any new support under EFSI.
