Erschienen in Ausgabe 6-2016Köpfe & Positionen

Structural Reforms and Targeted Measures.

Zu Titelreport: „Nervensache Infrastruktur“, .

Von Jyrki KatainenVersicherungswirtschaft

Lesen Sie den vollständigen Artikel

Erhalten Sie Zugang zu allen Artikeln unserer Fachzeitschriften und Publikationen.
As investment in Europe has not recovered to pre-crisis levels, it is clear that structural reforms and targeted measures are needed. The Investment Plan approaches this challenge under three pillars. First, we need to make smarter use of new and existing financial resources. The European Fund for Strategic Investments EFSI provides the EIB with an EU guarantee meaning it can finance higher-risk projects, or more and sooner than otherwise. The European Investment Advisory Hub (EIAH) provides a one-stop shop for technical assistance to help projects promoters bring their ideas to life. The European Investment Project Portal (EIPP), which we are about to launch very soon, will help bring visibility to innovative project ideas. Finally, for the European economy to be competitive and to grow in the long term, we work on creating an investment friendly environment by removing administrative and regulative barriers.
The Investment Plan for Europe is on track in achieving the targets set in 2014. As of today, the financial tool of the Plan, the European Fund for Strategic Investments (EFSI) has already delivered over 26 percent of the overall financing objective. There are a total of 220 approved transactions in 25 Member States and we expect to cover all Member States soon. The European Investment Bank has approved 57  projects under the infrastructure and innovation window, and 169 SME financing agreements. Together they represent a volume of financing of 11.2 billion with an estimated total private investment over 82 billion. The demand for SME financing in particular has exceeded our expectations.
SMEs, start-ups and mid-caps are the backbone of the Investment Plan. Quite tellingly, 25 percent of the EFSI guarantee is earmarked for SMEs and midcaps through the SME financing window. Already the financing agreements approved to date will benefit some 140,000 European SMEs and Midcaps. The EFSI guarantee provides reassurance for projects that would otherwise be deemed high-risk – a common challenge for innovative start-ups and small businesses. To facilitate their access to finance, project promoters can establish project platforms, bundling together investment opportunities by sector or region. Moreover, the large infrastructure and innovation projects support SMEs by creating jobs and demand in the economy. The third pillar of the Investment Plan, a supporting business environment, is equally important. For SMEs administrative and regulatory barriers form a…