Promoters:
European Committee of the Regions
Place:
Brussels, Belgium
Date:
07/07/2015
Summary:
The key ambition of the new Investment Plan for Europe is to mobilise EUR 315 billion for additional investments in the next two years. To leverage these investments the European Commission and the European Investment Bank have set-up the European Fund for Strategic Investment (EFSI). With the approval of the ECOFIN Council (18 June) and the European Parliament (24 June), the Fund should be operational this summer. Regional and local authorities will play an important role in supporting or managing the investment projects. According to the EFSI regulation regions and cities would be a useful source of information when assessing whether the engagement of the EFSI will take place in the locations with the highest needs.