Investment Plan for Europe set to increase EU GDP by 0.7% by 2020
![](https://ec.europa.eu/newsroom/repository/picture/2017-39/investment-plan_25373.jpg)
date: 28/09/2017
The Investment Plan for Europe - the so-called Juncker Plan - is expected to add 0.7% to EU GDP by 2020. Today the European Investment Bank's (EIB) released new figures on the impact of EIB Group lending from 2015-2016, which highlights the positive impact made by the Juncker Plan. The European Commission and the EIB Group estimate that by 2020 the Juncker Plan will have created 700,000 jobs. As of September 2017, operations approved under the European Fund for Strategic Investments (EFSI) are set to trigger €236.1 billion in total investment across the 28 Member States. The EIB has approved 312 EFSI-backed operations, supported by EUR 36.1 billion in EFSI financing. The European Investment Fund (EIF) has also approved 306 SME financing agreements, with total financing under the EFSI of EUR 10.4 billion. On 13 September, the European Parliament and Member States came to an agreement in principle on EFSI 2.0 - the extension and reinforcement of the fund. In other investment plan news, the EIB is providing EUR 30 million in debt funding to iZettle, a Swedish financial technology company for the research and development of financial and commercial tools that address the needs of smaller companies, as well as EUR 40 million to finance the construction of 524 energy efficient rented social housing units in Navarra, Spain. The EIB has also opened an office in Sofia and signed the first corporate EFSI loan in Bulgaria.