European Fund for Strategic Investments – EFSI 2.0

‘EU Legislation in Progress’ briefings aim to provide Members of the European Parliament with systematic and automatic analysis on all substantial proposals for EU legislation at every stage of the legislative procedure. Each contains an account of the purpose, content and legal aspects of the legislation proposed, in particular analysing what the legislation would change, as well as any previous legislation and the background. An overview of stakeholders’ views is also provided, as well as the opinions of national parliaments and the two advisory committees.

They are all made publicly available for stakeholders and the public.

The briefings are continuously updated as they pass through the policy making process and the source url hyperlink above should take you to the latest available version.On 14 September 2016, the European Commission, in accordance with Article 18 of Regulation (EU) 2015/1017, proposed an extension of the duration of the European fund for strategic investments (EFSI) until 31 December 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 26bn and in EIB capital from €5 to 7.5bn, 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.

EP: EPRS: Briefing: EU Legislation in Progress http://epthinktank.eu/eu-legislation-in-progress/

ESO: Background information: 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 (COM (2016)597) http://www.europeansources.info/record/proposal-on-the-extension-of-the-duration-of-the-european-fund-for-strategic-investments-efsi-as-well-as-the-introduction-of-technical-enhancements-for-that-fund-and-the-european-investment-advisory/

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