The Flemish Government has designated the Flemish investment company PMV to set up an investment platform and to coordinate the Flemish investments projects with regards to the European Fund for Strategic Investments.
The Juncker plan is designed to stimulate €315 billion of investment in the European Union, and will primarily support innovative projects that would otherwise struggle to attract funding.
EFSI, the financial basis of the plan, will comprise €16 billion in guarantees from Brussels and €5 billion from the European Investment Bank. The Commission expects to leverage this €21 billion in public money to lift €315 billion of investment capital.
With EFSI support, the EIB Group will provide funding for economically viable projects where it adds value, including projects with a higher risk profile than ordinary EIB activities. It will focus on sectors of key importance where the EIB Group has proven expertise and the capacity to deliver a positive impact on the European economy, including:
- Strategic infrastructure including digital, transport and energy
- Education, research, development and innovation
- Expansion of renewable energy and resource efficiency
- Support for smaller businesses and midcap companies
What does EFSI mean for you as an entrepreneur?
The European funding should convince private investors to participate more easily in a project. Bearing a part of the risk itself, the European Union wants to facilitate the mobilization of private capital. The European Commission has estimated that the Investment Plan has the potential to add between EUR 330bn and EUR 410bn to EU GDP and to create between 1 and 1.3 million new jobs in the coming three years.
Please contact PMV via firstname.lastname@example.org or via 02 229 52 30