What does EFSI mean in EUROPEAN
The European Fund for Strategic Investments (EFSI) is a key component of the Investment Plan for Europe, launched in 2015 by the European Commission. The EFSI aims to mobilize private investment in strategic infrastructure, innovation, and small and medium-sized enterprises (SMEs) across the European Union.
EFSI meaning in European in Regional
EFSI mostly used in an acronym European in Category Regional that means European Fund for Strategic Investments
Shorthand: EFSI,
Full Form: European Fund for Strategic Investments
For more information of "European Fund for Strategic Investments", see the section below.
Meaning of EFSI
The abbreviation "EFSI" stands for European Fund for Strategic Investments. It is often referred to as the "Juncker Plan" after Jean-Claude Juncker, the former President of the European Commission who initiated the plan.
Key Features
- Public-Private Partnership: EFSI leverages public funds to attract private investment. It provides financial guarantees and risk-sharing mechanisms to make projects more attractive to investors.
- Focus on Strategic Priorities: EFSI invests in projects that contribute to the European Union's strategic objectives, such as infrastructure development, research and innovation, and job creation.
- Support for SMEs: EFSI has a dedicated window for supporting SMEs through loans, equity investments, and guarantees.
- European Investment Bank (EIB): The EIB is the main implementing partner of EFSI. It provides financing and technical assistance to projects approved under the plan.
Impact of EFSI
EFSI has had a significant impact on investment in Europe:
- Mobilized Private Investment: It has attracted over €540 billion in private investment since its launch.
- Supported Projects: Over 1,500 projects have been approved under EFSI, representing a total investment of over €700 billion.
- Created Jobs: It is estimated that EFSI has created or safeguarded over 1.5 million jobs in the EU.
- Stimulated Economic Growth: EFSI has contributed to economic growth in the EU, particularly in infrastructure and innovation sectors.
Essential Questions and Answers on European Fund for Strategic Investments in "REGIONAL»EUROPEAN"
What is the European Fund for Strategic Investments (EFSI)?
The EFSI is a joint initiative between the European Investment Bank (EIB) and the European Commission that aims to mobilize private investment for strategic infrastructure and innovative projects across Europe.
What types of projects are eligible for EFSI funding?
EFSI funding is available for a wide range of projects, including infrastructure, energy, transport, research and innovation, and small and medium-sized enterprises (SMEs).
How much funding is available through EFSI?
The initial target for EFSI was €315 billion, which was later increased to €500 billion. This funding is provided by the EIB and the European Commission, as well as private investors.
How can I apply for EFSI funding?
Applications for EFSI funding are made directly to the EIB. The EIB has a dedicated website with information on how to apply and the criteria that projects must meet.
What are the benefits of applying for EFSI funding?
EFSI funding can provide a number of benefits for project promoters, including:
- Access to long-term financing at competitive rates
- Support from the EIB in project development and implementation
- Increased visibility and credibility for projects
Final Words: The European Fund for Strategic Investments (EFSI) is a key instrument for mobilizing private investment in strategic projects across the European Union. By leveraging public funds to attract private capital, EFSI has played a significant role in supporting economic growth, job creation, and innovation in the EU.