- Spanish projects obtained in 2016 a total of 2,700 million, representing a total investment of 14,700 million
- Since the plan was launched in 2015, Spain is also the second country that has mobilized the most investment
- SMEs and mid-cap companies have been the main recipients of these European funds
Spain has been the second country in the European Union that received the most Juncker Plan funds in 2016, with a total of 2,700 million euros, representing an estimated mobilized investment of 14,700 million. In the two years of the Juncker Plan, Spain has received 3,420 million euros for 40 projects (9.5% of the EU total) with an estimated total mobilized investment of 23,000 million euros, which places Spain As the second beneficiary of this measure since its launch only behind Italy. These data come from reports of the European Commission and the European Investment Bank (EIB), in charge of management.
At the sector level, SMEs and mid-cap companies have been the main recipients of funds from the Juncker Plan, with 40% of the total obtained through the Innovation and Infrastructure (IIW) window, managed by the EIB, and a 100% of the Pyme window, managed by the European Investment Fund (EIF). Projects for energy efficiency and climate action also stand out for their weight in financing.
Across the EU, 422 transactions have been approved, for a volume of € 30.2 billion. Of these, 22,000 million have been approved under the IIW window and the 8,200 million, remaining under the SME window.
The Juncker Plan plans to jointly mobilize 315,000 million investment in the European Union until mid-2018, of which 52% of the objective has already been met. The plan is made up of three pillars:
- Pillar I: The European Strategic Investment Fund constitutes the financial arm of the plan.
- Pillar II: creation of the European Investment Advisory Center and the European Investment Project Portal, with the aim of ensuring that investment reaches the real economy.
- Pillar III: improvement of the investment environment by removing obstacles to investment and improving the regulatory framework, promoting the creation of the Capital Markets Union.
The European Strategic Investment Fund (EFSI) is made up of a guarantee of € 16,000 million from the EU budget and € 5,000 million from the EIB. The EIB itself is in charge of managing the Fund. In the EFSI framework, the EIB can support higher risk projects in priority activity areas for the future of the European economy. The objective is to finance projects that, due to their characteristics, could not be financed by the EIB, but which are of great interest due to their ability to drag the European economy. An independent Investment Committee selects projects based on criteria of viability and economic attractiveness.
More information in:
www.eib.org/attachments/general/events/apc_2017_factsheet_efsi_en.pdf
