In a plenary vote on 12 December Members of the European Parliament voted to adopt the Regulation to extend and enhance the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe. This successful final step follows the agreement in principle reached by the European Parliament and Member States on 13 September. The EFSI 2.0 Regulation is expected to enter into force on 1 January 2018. It extends the EFSI from mid-2018 to the end of 2020, and increases the investment target from EUR 315 billion to at least EUR 500 billion. The new and improved EFSI will also be more transparent: the Investment Committee will publish its decisions online, showing the reasons why a particular project was selected to receive support from the EU budget guarantee, and a scoreboard of indicators will be published after the signature of each EFSI project. In addition, at least 40% of EFSI infrastructure and innovation projects will aim to contribute to climate action in line with the Paris Agreement and there will be an increased focus on small projects that help SMEs.