130 billion euro delivered into Europe’s real economy under the European Structural and Investment FundsDecember 21, 2016
Hat: The Commission issued a progress report covering the five Funds. It shows a sharp acceleration in investments over the last months.
Funding Scheme: 2016-12-21
Pgm2014 2020: Yes
The envelope of the ESI Funds for the period 2014-2020, combined with national co-financing, represents an investment of 638 billion euros, of which 181 billion dedicated to “smart growth”.
By the end of 2015, 274 000 businesses had already received support under the 2014-2020 European Structural and Investment (ESI) Funds. This figure has doubled over nine months, and by the autumn of 2016, almost €130 billion – 20% of the total ESI Funds envelope had been invested in small businesses, research, broadband, energy efficiency and thousands of other projects focusing on the priorities of the EU’s growth and jobs strategy. In line with the objectives of the Investment Plan, the aim of doubling the use of financial instruments in ESI Funds investments was almost reached at the end of 2015.
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