Investments by the European Investment Bank (EIB) Group backed by the Juncker Plan's European Fund for Strategic Investments (EFSI) have increased EU gross domestic product (GDP) by 0.9% and added 1.1 million jobs compared to the baseline scenario. By 2022, the Juncker Plan will have increased EU GDP by 1.8% and added 1.7 million jobs. These are the latest calculations by the Joint Research Centre (JRC) and the Economics Department of the EIB Group, based on financing agreements approved until the end of June 2019. As of October 2019, the Juncker Plan is set to mobilise €439.4 billion in additional investment that will improve access to financing for more than one million start-ups and small businesses across a wide range of sectors and in all 28 EU countries. The Juncker Plan has also met its objective of mobilising private investment as about 70% of the expected mobilised investment comes from private resources. Looking at the long-term macroeconomic impacts on the EU, in 2037 Juncker Plan operations will still have created 1 million jobs and increased EU GDP by 1.2%. The improved connectivity and increased productivity resulting from Juncker Plan supported projects are helping to boost European competiveness and growth in the longer-term.