Juncker Plan reaches almost €410 billion in triggered investment across the EU

Juncker EU

Jean-Claude Juncker, President of the European Commission. European Union, 2019 Source: EC – Audiovisual Service

This article is brought to you in association with the European Commission.


As of June 2019, the deals approved under the Juncker Plan amount to €75 billion in financing and are located in all 28 Member States. Some 952,000 start-ups and small and medium-sized businesses (SMEs) are expected to benefit from improved access to finance.

Currently, the top five countries ranked in order of investment triggered relative to GDP are Greece, Estonia, Bulgaria, Portugal and Latvia.

The EIB has approved €55.2 billion worth of finance for infrastructure and innovation projects, which should generate €252.5 billion of additional investments, while the European Investment Fund (EIF), which is part of the EIB Group, has approved €19.8 billion worth of agreements with intermediary banks and funds to finance SMEs, which are expected to generate €155.9 billion of additional investments.

Updated country-specific factsheets with brand new case studies are available on our website.

European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: “With these latest figures we have reached a new milestone, surpassing €400 billion in investment mobilised across the EU. This is a huge achievement and shows that by using a small amount of the EU budget as a guarantee, you can attract private investment for the public good. We are on track to reach our goal of €500 billion by the end of 2020, and the Commission will continue to mobilise investments under the InvestEU Programme from 2021 onwards.”

Based on the projects approved until July 2018, the Commission and the EIB estimate that the Juncker Plan has already supported 750,000 jobs and increased EU GDP by 0.6%. By 2020, the Juncker Plan is set to create 1.4 million jobs and increase EU GDP by 1.3%.

Background

The Investment Plan for Europe – the Juncker Plan – focuses on strengthening European investments to create jobs and growth. It does so by making smarter use of new and existing financial resources, removing obstacles to investment, and providing visibility and technical assistance to investment projects. The European Fund for Strategic Investments (EFSI) is the central pillar of the Juncker Plan. It provides a first loss guarantee, allowing the EIB to invest in more, often riskier, projects.

On 6 June 2018, the Commission proposed for the next long-term EU budget 2021-2027, to create the InvestEU Programme, bringing EU budget financing in the form of loans and guarantees under one roof. The new programme will consist of the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. After negotiations with the Member States, on 18 April the European Parliament gave its green light to the InvestEU Programme.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

The Indian miracle state pointing the way to global sustainability

7 ways the ‘biological century’ will transform healthcare

UN chief welcomes announcement by Emir of Qatar to allocate $50 million to support Syrian refugees, displaced persons

Future of Insurance Claims in Focus at Fourth Annual Connected Claims Europe Summit

Greece bailout programme: Full agreement after marathon negotiations on debt relief between IMF and Eurozone

Infringements: Commission adapts its calculation methodology for financial sanctions

High-flyers: China is on top of the world for skyscraper construction

Here are five tips to make your message clear in a crowded world

Iran: women hunger strikers entitled to medical care, UN rights experts urge

Education should be like everything else. An on-demand service

Intel @ MWC14: Our Love Story with Mobile – Transforming Wireless Networks

France and Germany can’t reach consensus regarding EU’s top jobs

Britain declares trade war on mainland Europe

Cyclone Fani hits India, UN moves to protect vulnerable refugees in Bangladesh

Sudan: ‘Exercise utmost restraint’ urges Guterres as thousands march in Khartoum, sparking deadly clashes

EU Elections: new rules to prevent breaches of data used to influence elections

How robotics can help humanitarians bridge the digital divide

Chart of the day: Why marine protected sites matter more than ever

Towards a zero tobacco public space in Cameroon

EU: Turkey to shelter Syrian refugees and turn other immigrants back in return of €3 billion

Yemen ceasefire deal: ‘Potential’ now to restore humanitarian lifeline to millions

A money laundering case on Vatican Bank’s road to renovation

Over 40 million people still victims of slavery

Meet the Junior Enterprise network at JEWC 2014!

‘We need to do more’ to transform the world, deputy UN chief tells African audiences

Engaging women and girls in science ‘vital’ for Sustainable Development Goals

Creating shared value: an opportunity and challenge for entrepreneurship

In Christchurch, UN chief calls for tolerance, solidarity to extinguish ‘wildfire’ of hate speech

2013, a Political Odyssey: What future for Italy?

Parliament approves €104.2m in EU aid to Greece, Spain, France and Portugal

This is why mountains matter more than you think

FROM THE FIELD: Finding refuge in the ‘beautiful game’

Tackling terrorism: MEPs approve tighter rules on homemade explosives

Commission reports on progress in risk reduction in the Banking Union and calls for faster progress on Capital Markets Union ahead of EU Leaders’ meetings

The gender gap of medicine in 2018

Employers’ organizations work towards improving the enabling environment for sustainable enterprises

High level political talks didn’t break the stalemate in Ukraine

What is the Coral Triangle?

EU will not deliver on promises without democratic accountability

Will Qualcomm avoid Broadcom’s hostile takeover post the 1 bn euro EU antitrust fine?

How Africa’s women can drive the 4IR forward

New UN Syria envoy pledges to work ‘impartially and diligently’ towards peace

Eurozone: Inflation plunge to 0.4% in July may trigger cataclysmic developments

Tuesday’s Daily Brief: #GlobalGoals progress, essential meds, updates from Cox’s Bazar, Sudan and DR Congo

Praising Roma’s contributions in Europe, UN expert urges end to rising intolerance and hate speech

EU leaders agree on 2030 Climate and Energy Package: is “flexible” brave enough?

Commission: New proposal for centrally managed bank resolution

The Peoples are missing from EU’s monetary union

What can the private sector do to alleviate the refugee crisis?

Moratorium call on surveillance technology to end ‘free-for-all’ abuses: UN expert

Snowden is the “EU nomination” for this year’s Oscars

A Europe that protects: EU reports on progress in fighting disinformation ahead of European Council

How to build a model for human security in the Fourth Industrial Revolution

Your next pair of sneakers could be made from coffee

Mobility package: Parliament adopts position on overhaul of road transport rules

Promoting rule of law and fundamental rights in the EU

EU budget deal struck with Parliament negotiators

Female African coders ‘on the front-line of the battle’ to change gender power relations: UN chief

UN emergency relief fund has ‘never been more critical’: Guterres

‘Multiplicity’ of rights violations in Ukraine as fifth winter of conflict bites

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s