Did you Know?

A press release from the European Commission announced a €315 billion Investment Plan to get Europe growing again and get more people back to work.

EDC News: EU Investment Plan to Boost Jobs

In a secret ballot on 15 July 2014 the European Parliament elected Jean-Claude Juncker as President of the new European Commission, who is to take office on 1 November 2014 for a five year term. President Juncker announced that his first priority as Commission President will be to strengthen Europe's competitiveness and to stimulate investment for the purpose of job creation. It was proposed that this will be achieved through the implementation of the new Investment Plan.

The new Investment Plan will be built on three strands:

  • Mobilising additional finance for investment (see Factsheet 2)

  • A credible project pipeline coupled with technical assistance to channel the money where it is needed (see Factsheet 3)

  • A Road Map to tackle barriers to investment (Factsheet 4)

The objectives of the Plan are to:

  • Offer better loans or guarantees with greater risk capacity

  • Use the 2016 review of the EU’s long-term budget (Multiannual Financial Framework) to steer EU funds towards jobs, growth and competitiveness

  • Encourage national governments to boost growth and investment, within the limits of the EU’s Stability and Growth Pact

  • Free small and medium-sized businesses (SMEs) from red tape, to promote entrepreneurship and job creation

For more information:

 
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