EU launches Investment Offensive to boost jobs and growth
EU News 474/2014
Strasbourg, 26 November 2014
The European Commission today announced a € 315 billion Investment Plan to get Europe growing again and get more people back to work.
The Plan is built on three main strands (see Factsheet 1)
- the creation of a new European Fund for Strategic Investments (EFSI), guaranteed with public money, to mobilise at least € 315 billion of additional investment over the next three years (2015 - 2017);
- the establishment of a credible project pipeline coupled with an assistance programme to channel investments where they are most needed;
- an ambitious roadmap to make Europe more attractive for investment and remove regulatory bottlenecks.
According to European Commission estimates, taken as a whole, the proposed measures could add € 330 - € 410 billion to EU GDP over the next three years and create up to 1.3 million new jobs.
Source and additional information:
Invest in Europe image (C)EU, 2014 URL