Following the latest meeting of the European Investment Bank Board of Directors, the Juncker’s European Strategic Plan for Strategic Investments is now expected to trigger €433.2 billion in investments. This improved access to finance is expected to be beneficial to some 972,000 start-ups and small and medium businesses.
As of September, the deals approved under the Juncker Plan amount to $ 79.7 billion in financing and are located in all 28 Member States. The top five countries, ranked by GDP, are Greece, Estonia, Portugal, Bulgaria and Latvia.
The EIB has approved €57.8 billion for infrastructure and innovation projects, which should generate €262.6 billion in additional investments, while the European Investment Fund has approved €21.9 billion to finance small and medium businesses, which is expected to generate €170.6 billion of additional investments.