Juncker’s plan is one year old, Italy is the first beneficiary with 45,000 SMEs involved
In June, the Juncker’s Plan has taken a year and, by ANSA sources, we learn that it will continue beyond 2018. The EFSI, the European Fund for Strategic Investments, allocated 315bn and it have already been mobilized 100bn.
Brussels has confirmed that Italy is the first beneficiary with more than 45 000 SMEs involved. The Commission also proposed to increase the budget for all SMEs, given the great success so far of the financing agreements with banks to facilitate access to credit.
“The Plan is working in spite of the pessimists, for this we propose to extend it after 2018,” said President of the EU Commission Jean-Claude Juncker .
Among other innovations, to improve the effectiveness of the Plan is also expected to reinforce assistance at the local level of the Advisory hub, to provide more targeted advice for setting up the projects seeking funding. EFSI created also an online portal of the projects seeking funding, in order to show potential investors attractive opportunities. 3 are the Italian projects promoted on the website and, among them, also the VOOPS of Venice together with the improvement of water supply and sanitation of Pordenone, and the mountain park “The magic mountain park” between Piemonte and Val d’Aosta along the Torino-Mont Blanc motorway.
To be advertised on the portal, projects must indeed comply priorities and EU principles, and be presented in a proactive way by companies without legal problems. The goal is to “increase their visibility,” explained Vice President of the EU Commission for growth Jyrki Katainen, after investors in the Gulf, Asia and the US have pointed out the need to have a “place” where find interesting European projects.