The Investment Plan for Europe, also known as the “Juncker Plan”, has three objectives: removing obstacles to investment; providing visibility and technical assistance to investment projects; and making better use of financial resources.
The Juncker Plan supports the €110 million loan of the European Investment Bank (EIB) to the German company Dräger specialising in medical and security technologies. Dräger will use this new funding for medical technology research and development projects targeting life-saving systems.
The EIB is also providing a €70 million guarantee under the Juncker plan to Banca March in order to provide more loans to small and medium-sized enterprises (SMEs) in Spain. In April 2019, the Juncker plan mobilised almost €393 billion in additional investment, almost a quarter (23%) of which was for research and development projects. The plan currently supports 945,000 SMEs in Europe.