Since 2015, the Investment Plan for Europe, called Juncker Plan, has three objectives: to remove obstacles to investment, to provide visibility and technical assistance to investment projects, and to use financial resources in a smarter way.
Since 9th July, the Juncker plan has been funding 2 new projects:
- The European Investment Bank is providing 25 million euro to modernise the Polytechnic University of Bucharest. The loan will finance the development of the university’s campus and upgrade facilities to support teaching, learning and research activities. During implementation, the project will generate some 1,000 jobs.
- The EIB also signed a 50 million euro agreement, supported by the European Programme for Employment and Social Innovation (EaSI) and the European Fund for Strategic Investments (EFSI) of the Juncker Plan with UniCredit to support social entrepreneurship in Italy. It will target micro and mid-cap companies, with a focus on women entrepreneurs, innovation and the fight against climate change.
In June 2019, the Juncker plan mobilised nearly 410 billion euro in additional investments, including 2.8 billion euros in Romania and 65.4 billion euro in Italy. The plan currently supports 952,000 small and medium-sized enterprises in Europe.