Investment Plan for Europe exceeds €500 billion investment target ahead of time

The European Commission and the European Investment Bank (EIB) Group have already exceeded their target to mobilize €500 billion in investment under the Investment Plan for Europe by the end of 2020. The European Fund for Strategic Investments (EFSI) has mobilized close to €514bn in additional investment across EU countries, with some 1.4 million small and mid-sized companies are benefitting from improved access to finance.

Based on financing approved by December 2019, the EIB’s Economics Department and the Commission’s Joint Research Centre estimate that EFSI operations have supported around 1.4 million jobs and increased EU GDP by 1.3%. Commission President Ursula von der Leyen said: “The Investment Plan for Europe is a success. Over the past five years, it has enabled the financing of hundreds of thousands of businesses and projects, delivering on our ambitions of making Europe more green, innovative and fair. We will continue this through NextGenerationEU.”

More information can be found in the press release and factsheet.

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