Investment plan for jobs and growth in Europe announced today

The European Commission today announced a EUR 315 billion Investment Plan targeting additional support for infrastructure, education, research and innovation, renewable energy and SMEs and mid-caps.

A new European Fund for Strategic Investments (EFSI) will be set up in partnership with the European Investment Bank (EIB), built on a guarantee of EUR 16 billion from the EU budget, combined with EUR 5 billion committed by the EIB. This new initiative will allow the EIF to increase its support for SMEs and mid-caps over the next three years.

For further information on the announcement please see the press release below:

http://www.eib.org/infocentre/press/news/all/eu-launches-investment-plan-for-growth-and-jobs.htm