EFSI extension until 2020

In its June 2016 communication Europe investing again – Taking stock of the Investment Plan for Europe and next steps, the EC envisaged an ‘extension of the duration of the European Fund for Strategic Investments (EFSI) beyond its initial three-year period, the scaling-up of the SME window within the existing framework and the enhancement of the EIAH’. The present proposal on EFSI 2.0 intends to fulfil these objectives by increasing the EU guarantee from €16 to 26 billion and EIB capital from €5 to 7.5 billion, with an expected total private and public investment of at least €500 billion (up from €315 billion). EFSI was initially established for a period of three years (2015-2018), and would now be extended until 31 December 2020.