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Monday, July 22, 2019

180 million euro for a circular economy and industrial innovation programme

Employment, Innovation,SMEs,

News The European Fund for Strategic Investments (EFSI) is at the heart of the Investment Plan for Europe, known as the Juncker Plan.

The Juncker Plan focuses on boosting investments to create jobs and growth by making smarter use of new and existing financial resources, removing obstacles to investment and providing visibility and technical assistance to investment projects.

With the support of EFSI, the European Investment Bank (EIB) is financing two innovative projects in France and Spain. The first project is a €130 million loan to the Derichebourg group to support its multi-year investment programme in France in the field of recycling and the circular economy. The second project involves €50 million in funding for the Spanish steel company Sidenor, which specialises in steel, to encourage its efforts in energy efficiency, digitisation and innovation.

Source :  Press room - European Commission

More information  Investment Plan for Europe: the Juncker Plan




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