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The Juncker Plan's impact on jobs and growth

The Juncker Plan's impact on jobs and growth

date:  29/01/2020

The Investment Plan for Europe, the Juncker Plan, has played a key role in boosting jobs and growth in the EU. 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.

In addition to the direct impact the Juncker Plan has had on jobs and GDP growth, the Plan will also have a long term macroeconomic impact on the EU. Looking ahead to 2037, Juncker Plan operations will still have created 1 million jobs and have increased EU GDP by 1.2%. Improved connectivity and increased productivity resulting from Juncker Plan supported projects are helping to boost European competiveness and growth in the longer-term.

As of December 2019, the Juncker Plan is set to mobilise €458.8 billion in additional investment across the EU. More than one million start-ups and small businesses are now expected to benefit from improved access to finance. Some 70% of the expected mobilised investment comes from private resources, meaning that the Juncker Plan has also met its objective of mobilising private investment.

The Juncker Plan's European Fund for Strategic Investments supports ground-breaking ideas to protect the planet. Projects financed by the EIB Group under the Juncker Plan are set to trigger €90.7 billion in investment for climate action. These include zero-energy buildings, wind farms, solar energy projects, water-saving showers, eco-friendly buses and LED lighting.

For more information and project examples for each Member State:
Press release
Factsheet
Investment Plan results
EIB/JRC 2019: Assessing the macroeconomic impact of the EIB Group