вторник, 17 февраля 2015 г.

European Commission - PRESS RELEASES - Press release - Investment Plan: Green light for SME financing before the summer



Brussels, 17 February 2015
Following a decision
by the Board of Governors of the European Investment Bank (EIB) today,
small and medium-sized companies (SMEs) across Europe should be able to
benefit from the first funds from the new European Fund for Strategic
Investments (EFSI) before the summer.

The landmark decision taken
today by the EIB Board of Governors will allow for the pre-financing of
SME projects linked to the Investment Plan for Europe before the summer.

European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness
and steering the Investment Plan´s implementation, participated in the
EIB Board of Governors meeting and welcomed the decision: "This is a
great day for European small businesses. This news from the EIB means
that by the summer, cash-starved SMEs and innovative mid-caps across
Europe could be benefitting from an injection of badly-needed capital.
We have said that we want to help get Europe investing again - and today
we are doing exactly that."


The money can be made available
to SMEs by the European Investment Fund (EIF), part of the EIB-Group,
which will cover the risk of transactions with intermediaries providing
additional finance to SMEs and small mid-caps until the main EFSI is in
place. The EFSI – at the heart of the Investment Plan - should be up and
running by September 2015 at the latest. Infrastructure projects may
also benefit from similar pre-financing arrangements before EFSI is
fully set up, but later than SMEs.

Next steps

Key measures in implementing the Investment Plan are as follows:

  • With
    strong political will from all EU institutions, the aim is to adopt the
    draft EFSI regulation by July 2015 - at the latest - so that the EFSI
    can be established no later than September 2015 and funds can start
    flowing into, for example, infrastructure investments in transport,
    digital, telecoms as well as hospitals and schools by the autumn.


  • Work
    on the other parts of the Investment Plan, including the establishment
    of a transparent project pipeline of European investment opportunities
    and a European Investment Advisory Hub (EIAH), is being fast-tracked to
    ensure that these are ready by the time the EFSI is active.


  • The
    Commission's 2015 Work Programme has set an ambitious agenda to remove
    regulatory barriers to investment and to strengthen the Single Market.
    As a first important step in the context of removing barriers and
    increasing access to finance, notably for SMEs, the Commission plans to
    adopt shortly a Green Paper on the Capital Markets Union, launching a
    public consultation of all stakeholders.


Background

The EIB Board of Governors is composed of Ministers designated by each of the 28 Member States, usually Ministers of Finance.

Due
to the economic and financial crisis, the level of investment in the EU
has dropped by about 15% since its peak in 2007. Financial liquidity
exists in the corporate sector. However, uncertainty as regards the
economic outlook and high public and private debt in parts of the EU
hold back investments.

That's why President Juncker made the
Investment Plan for Europe his first priority, presenting it after just
over three weeks in office on 26 November 2014. The Plan will mobilise
at least €315 billion in private and public investment across the
European Union. This will especially support strategic investments, such
as in broadband and energy networks, as well as smaller companies with
fewer than 3000 employees.

More information about the EU Investment Plan:

Website

Press release on EFSI

LinkedIn

Twitter