Econostrum | Economic News in the Mediterranean

EU launches new programme (InvestEU) to boost investment

Written by Frédéric Dubessy on Friday, April 19th 2019 à 16:31 | Read 92 times

The InvestEU programme is preparing to bring together all fourteen of the European Union's financial instruments. As the successor to the Juncker Plan, it will make it easier and more efficient to finance investment projects.

The European Parliament approves the future InvestEU programme (photo: F.Dubessy)
The European Parliament approves the future InvestEU programme (photo: F.Dubessy)
EUROPEAN UNION. The vote in favour on Thursday 18 April 2019 in the European Parliament on InvestEU opens the way for the creation of this programme designed to stimulate investment in Europe.

Proposed by the European Commission on 6 June 2018, InvestEU will be integrated into the 2021-2027 EU budget and will bring together "in a single structure and under a single brand the European Fund for Strategic Investments (EFSI) and thirteen other EU financial instruments currently supporting investment in the EU", as stated in a European Commission press release. It will become the successor to the Juncker Plan. "The investment plan has put Europe back on track and has enabled this Commission to deliver on its priority objective: creating jobs and growth. But we can still do more, and that's what InvestEU will do. Through smart use of the EU budget, InvestEU will help Europe remain an attractive place for investors from all over the world," says European Commission President Jean-Claude Juncker.

The new programme will target investments with four priorities: sustainable infrastructure; research, innovation and digitisation; small and medium-sized enterprises; and social investment and skills.

650 bn to be unlocked

A budgetary guarantee of €38bn allocated to InvestEU by the European Commission, plus a financial contribution from each of the partners totalling €9.5bn, should have a multiplier effect of 13.7 (compared to 15 for the Juncker Plan). "Over the next decade, the programme will make it possible to release at least €650 billion that Europe will be able to invest in its future, its economy and its citizens," stated Jean-Claude Juncker.

Involving the European Investment Bank (EIB) Group, InvestEU will make financing for investment projects easier to access and more effective, as indicated by Jyrki Katainen, Vice-President of the European Commission responsible for employment, growth, investment and competitiveness. He said: "Companies and entrepreneurs will soon have easier access to EU funding to turn their ideas into concrete projects. This will help keep the EU at the forefront of innovation and climate action, while creating jobs and ensuring a socially, environmentally and economically sustainable growth model."

According to the EIB, as of April 2019, the European Fund for Strategic Investments (which will disappear in 2020) has mobilised almost €393bn of investment across the 28 Member States. This European bank has approved 524 infrastructure projects supported by the EFSI for a total of €53.8bn and the European Investment Fund has validated 554 financing agreements for SMEs for a total value of €19bn and 945,000 companies involved.

In the same section
< >


About is an independent media that deals with the daily economic news of the countries bordering the Mediterranean. Economic cooperation, business news by sector (Industry, Services, Transport, Environment, Society/Institutions), thematic files, airport news, airlines and shipping companies (new destinations)... are treated and analysed by a team of journalists present in the Mediterranean basin. Subscribe to To be the first to know, with unlimited access to all articles. To receive the weekly newsletters and special newsletters sent as soon as our files are published. Automatically renewable subscription, but the reader keeps control of it or yearly subscription. For individuals or professionals...