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European Fund for Strategic Investments – EFSI 2.0 [EU Legislation in Progress]

Written by Gustaf Gimdal (2nd edition),

European Fund for Strategic Investments – EFSI 2.0

© Sashkin / Fotolia

On 14 September 2016, the Commission proposed an extension of the duration of the European Fund for Strategic Investments (EFSI) until end-2020, and the introduction of technical enhancements for that fund and the European Investment Advisory Hub.

The new proposal, referred to as EFSI 2.0, includes an increase in the EU guarantee from €16 to 26 billion and in EIB capital from €5 to 7.5 billion, which should mobilise private and public investment of €500 billion over the period until 2020. The proposal also focuses on project sustainability, enhancement of geographical coverage and ways to reinforce take-up in less developed regions, while also aiming to enhance the transparency of investment decisions and governance procedures, and reinforce the social dimension by means of additional financial instruments.

 

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Proposal for a regulation of the European Parliament and of the Council amending Regulations (EU) No 1316/2013 and (EU) 2015/1017 as regards the extension of the duration of the European Fund for Strategic Investments as well as the introduction of technical enhancements for that Fund and the European Investment Advisory Hub
Committees responsible: Economic and Monetary Affairs (ECON) and Budgets (BUDG) jointly under Rule 55 COM(2016)597 of 14.09.2016

procedure ref.:2016/276(COD)

Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’)

Rapporteurs:

 

Udo Bullmann (S&D, Germany – ECON)

José Manuel Fernandes (EPP, Portugal – BUDG)

Shadow rapporteurs:

 

 

 

 

 

 

 

 

Othmar Karas (EPP)

Eider Gardiazabal Rubial (S&D)

Bernd Kölmel (ECR) / Sander Loones (ECR)

Nils Torvalds (ALDE) / Ramon Tremosa i Balcells (ALDE)

Fabio De Masi (GUE/NGL) / Liadh Ní Riada (GUE/NGL)

Bas Eickhout (Greens/ALE) / Jordi Solé (Greens/EFA)

Marco Valli (EFDD)

Barbara Kappel (ENF)/ Marco Zanni (ENF)

Next steps expected: Consideration in joint committee meeting

Stage: Committee vote

 

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The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy. Copyright © European Union, 2014. All rights reserved

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