The InvestEU Programme, until 2021 known as the European Fund for Strategic Investments (EFSI), also called the Juncker Plan, is an initiative of
EIB Group and the
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...
aimed at boosting the economy through mobilising private financing for strategic investments.
EFSI was established in 2015 through an
EU Regulation
A regulation is a legal act of the European Union that becomes immediately enforceable as law in all member states simultaneously. Regulations can be distinguished from directives which, at least in principle, need to be transposed into nation ...
2015/1017 of the
European Parliament
The European Parliament (EP) is one of the legislative bodies of the European Union and one of its seven institutions. Together with the Council of the European Union (known as the Council and informally as the Council of Ministers), it adopts ...
and of the Council of 25 June 2015 on the European Fund for Strategic Investments, the European Investment Advisory Hub and the European Investment Project Portal and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013 — the European Fund for Strategic Investments.
EFSI is one of the three pillars of the Investment Plan for Europe.
EFSI is a EUR 16 billion guarantee from the EU budget plus EUR 5 billion from the
EIB’s own capital. EFSI has been integrated into the EIB Group and projects supported by EFSI are subject to the normal EIB project cycle and governance.
Economists predict that the programme's investments will raise EU GDP by 1.9 trillion and generate 1.8 million jobs by 2022, relative to the baseline scenario.
References
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{{Funding programmes of the European Union
Economy of the European Union
European investment banks
International banking institutions
Multilateral development banks