22 February, Brussels – The European Commission has today published a brochure on the combination of the European Fund for Strategic Investments (EFSI) with the European Structural and Investment Funds (ESIFs).
The EFSI is an initiative of the European Investment Bank, aiming to overcome the current investment gap in the EU, and is one of the three pillars of the Juncker Investment Plan. The EFSI is aiming to mobilise investments of at least €315bn over three years from a €16bn guarantee from the European Commission.
The brochure aims to support local authorities and project promotors to make full use of the EFSI by combining it with the ESIFs (European Regional Development Fund, European Social Fund, and Cohesion Fund). It provides an overview of the possible combinations of EFSI and ESI Funds, either at project level or through a financial instrument such as an investment platform, and will be enriched with experience drawn from concrete cases and feedback received from stakeholders.
“The guidelines we are publishing today give practical advice to businesses looking for project financing on how to make the best use of both instruments,” said European Commission Vice-President Jyrki Katainen.
Click to access the brochure, ‘European Structural and Investment Funds and European Fund for Strategic Investments complementarities‘