Investment Plan for Europe Delivering on the European Fund for Strategic Investments (EFSI) 06/2016 1
Why an Investment Plan for Europe? Investment gap and persisting low growth in Europe Investment & competitiveness gap EU Investment Plan • EU and Member High liquidity in the market State policy action • EU budget guarantee • EIB capacity to Public budget constraints mobilise additional investment Financial and non-financial barriers to investment 2
3 ways to tackle the investment gap Investment Plan for Europe Mobilise finance for Support investment in Create an investment investment real economy friendly environment • European Fund for • • European Improving the regulatory Strategic Investments Investment Advisory (EFSI) Hub (EIAH) environment • Cooperation with • • European Structural reforms National Promotional Investment Project Banks Portal (EIPP) Aim: to mobilise at least € 315 billion in investment across the EU 3
European Fund for Strategic Investments (EFSI) 50% guarantee = EUR 8bn - from CEF (3.3), H2020 (2.7) and EC budget margins 4
The EIB Group is developing various new products With the aim to explore and attract new promoters and markets (e.g. MidCaps). Making better use of scarce public resources, diverting them from grants / subsidies to loans guarantees, enhancing the multiplier effect of investment. 5
More than just finance - investment support DEMAND Public authorities Member States Private sector Project promoters Access point Web content + Web portal + Support team European Investment Advisory Hub Existing advisory Additional advisory and EIAH’s partner programmes and activities technical assistance institutions’ expertise Delivery channels Project support throughout the New investment support also Network of institutions incl. project cycle in areas relevant to the scope EIB Group, European of EFSI (could be delivered by Commission , National Support to Financial EIB advisory or operational Promotional Banks, etc. instruments teams) Integrated collaboration model Enhance access to finance Identification of needs as they arise SUPPLY 6
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Thank you! 8
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