As we all know, since the economic and financial crisis, the EU has been suffering from low levels of investment. Collective and coordinated efforts at European level are needed to reverse this downward trend and put Europe on the path of economic recovery. But, it’s a good news that sources have been mobilised all over the Union in order to boost investments.
Jean-Claude Juncker, president of the European Commission set up a plan in November 2014, focusing on removing obstacles to investment, providing visibility and technical assistance to investment projects and making smarter use of new and existing financial resources. The plan aims at creating an investment friendly environment by making regulations easier to follow. Investments of at least €315 billion in three years is beeing mobilised, creating jobs and boosting the long-term economic growth of the EU. Let’s take a closer look at the idea and its main pillars.
In order to mobilise finance, European Fund for Strategic Investments has been set up within the European Investment Bank in order to mobilise private financing for strategic investments and offering credit protection allowing the finance of higher risk projects.. The EIB participation will back private inestments, small and medium size enterprises as well.
In order to support investment in the real economy, European Investment Project Portal (EIPP) and European Investment Advisory Hub (“The Hub”) have been set. The Hub offers a single access point to a 360 degree offer of advisory and technical assistance services. The portals are online market places. They show-case projects in a structured user-friendly way and will thus attract investors worldwide, who will be able to reinforce their own pipelines with more European projects. The platform enables stakeholders to gather ideas as well.
Source:
Europe Direct Information Centre of Hajdú-Bihar
Hajdú-Bihar Megyei Europe Direct Információs Központ
