About the fund
The European Fund for Strategic Investments (EFSI) was launched in 2015 as part of the EU’s Investment Plan for Europe to address the post-financial crisis investment gap. It aimed at boosting long-term economic growth and competitiveness in the EU.
The fund used an EU budget guarantee and support from the European Investment Bank Group to back higher-risk projects. This risk-sharing approach aimed to attract private investment into strategic sectors like infrastructure, innovation, and SMEs.
The fund was replaced by the InvestEU programme, which supports sustainable investment, innovation and job creation in Europe.
Macroeconomic impact of the Investment Plan
Latest results and targets infographic

European Investment Bank Group figures
1. EFSI (European Fund for Strategic Investment) investment by sector based on approved operations:
- 33% to smaller companies
- 27% to research, development and innovation
- 15% to energy
- 9% to digital
- 6% to transport
- 6% to social infrastructure
- 3% to environment and resource efficiency
- 1% to bioeconomy
2. The European Fund for Strategic Investment approved €99.3 billion of financing, of which €87.4 billion has been signed. This is expected to generate €524.3 billion in total investments related to EFSI approvals. Of the €99.3 billion approved EFSI financing, €65.8 billion is European Investment Bank-approved and €33.5 billion is European Investment Fund-approved.
3. Examples of EFSI projects:
- 531,000 affordable flats built or renovated;
- renewable energy for over 10 million households;
- and better waste treatment for 33.3 million people.
Countries
This table shows the breakdown by country of EFSI finance approved by the European Investment Bank (EIB) Group; how much investment that EFSI finance is set to trigger; and how the countries ranked by total investment set to be triggered by the EFSI as a proportion of GDP (as of March 2022).
| Country | EFSI finance approved by EIB Group (€ million) | Set to trigger investment of (€ million) | Ranking (1-28): EFSI-triggered investment per € of GDP |
|---|---|---|---|
| Austria | 2100 | 6800 | 16 |
| Belgium | 1832 | 9316 | 23 |
| Bulgaria | 773 | 4665 | 3 |
| Croatia | 449 | 1575 | 6 |
| Cyprus | 152 | 401 | 13 |
| Czechia | 1149 | 6726 | 17 |
| Denmark | 1228 | 5998 | 24 |
| Estonia | 256 | 2845 | 5 |
| Finland | 1894 | 11031 | 8 |
| France | 16499 | 84938 | 12 |
| Germany | 8441 | 40023 | 26 |
| Greece | 2906 | 14104 | 2 |
| Hungary | 662 | 4479 | 20 |
| Ireland | 1572 | 7494 | 21 |
| Italy | 13085 | 76195 | 9 |
| Latvia | 258 | 1407 | 7 |
| Lithuania | 335 | 1833 | 15 |
| Luxembourg | 157 | 637 | 27 |
| Malta | 44 | 211 | 25 |
| Netherlands | 4250 | 17354 | 18 |
| Poland | 3996 | 21914 | 11 |
| Portugal | 3969 | 13466 | 1 |
| Romania | 1121 | 5185 | 19 |
| Slovakia | 643 | 1999 | 14 |
| Slovenia | 197 | 1317 | 22 |
| Spain | 12691 | 56475 | 4 |
| Sweden | 3728 | 14599 | 10 |
| United Kingdom* | 1985 | 21000 | 28 |
| Multi-country operations** | 10896 | 73047 |
*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.
** This amount refers to operations in more than one country as well as covering financing operations which have been approved and for which the target countries are still to be allocated.
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