Some 1,400 operations have been approved under the European Fund for Strategic Investments (EFSI), using a budget guarantee from the EU and own resources from the EIB Group. These operations are expected to trigger close to €514 billion in additional investment across EU countries and to benefit some 1.4 million small and mid-sized companies. In 2017, when the Council and the Parliament agreed to broaden the EFSI's scope and size, the goal was to mobilise €500 billion by the end of 2020. The money was intended to address the investment gap left as a result of the 2007/8 financial and economic crisis. Over the past years and particularly in response to the coronavirus outbreak, however, the focus of the EFSI has shifted: it has inspired InvestEU, the Commission's new investment programme for the years 2021-2027, and is already contributing to the Corona Response Investment Initiative. EFSI will also play a key role in the NextGenerationEU package of measures to rebuild the European economy after the coronavirus shock. It will do this via a top-up of a Solvency Support Instrument, which aims to prevent insolvencies among European businesses.