Investment Plan for Europe exceeds €500 billion investment target ahead of time
date: 07/10/2020
As of September 2020, the European Fund for Strategic Investments (EFSI) was expected to trigger €535.4 billion in overall investments (exceeding the initial target of €500 billion, ahead of the end-2020 deadline) and to benefit around 1,427,800 small and medium-sized enterprises (SMEs) located in all 28 Member States. Currently, the top five countries ranked in order of investment amounts triggered relative to GDP are Estonia, Greece, Bulgaria, Portugal and Latvia.
Under the Infrastructure and Innovation Window, the European Investment Bank approved 680 projects amounting to €303.1 billion in expected total investment value in all 28 Member States. Approved EFSI financing under the Infrastructure and Innovation Window amounts to €66.9 billion, of which 79% have been signed.
Under the SME Window, the European Investment Fund has approved 773 operations in all 28 Member States for a total expected investment value of over €232.3 billion. Approved EFSI financing under the SME Window amounts to €31.8 billion, of which 74% have been signed.
For more information and project examples for each Member State: