{"id":27768,"date":"2019-10-23T03:00:43","date_gmt":"2019-10-23T01:00:43","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=27768"},"modified":"2019-10-22T13:25:45","modified_gmt":"2019-10-22T11:25:45","slug":"juncker-plan-has-made-major-impact-on-eu-jobs-and-growth","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/juncker-plan-has-made-major-impact-on-eu-jobs-and-growth\/","title":{"rendered":"Juncker Plan has made major impact on EU jobs and growth"},"content":{"rendered":"

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The Investment Plan for Europe, the Juncker Plan, has played a key role in boosting jobs and growth in the EU.<\/strong><\/em><\/p>\n

Investments by the European Investment Bank (EIB) Group backed by the Juncker Plan’s European Fund for Strategic Investments (EFSI) have increased EU gross domestic product (GDP) by 0.9% and added 1.1 million jobs compared to the baseline scenario. By 2022, the Juncker Plan will have increased EU GDP by 1.8% and added 1.7 million jobs. These are the latest calculations by the Joint Research Centre (JRC) and the Economics Department of the EIB Group, based on financing agreements approved until the end of June 2019.<\/p>\n

Long term effect<\/h3>\n

In addition to the direct impact the Juncker Plan has had on jobs and GDP growth, the Plan will also have a long term macroeconomic impact on the EU. Looking ahead to 2037, Juncker Plan operations will still have created 1 million jobs and have increased EU GDP by 1.2%.<\/p>\n

Boosting investment and supporting SMEs<\/h3>\n

As of October 2019, the Juncker Plan is set to mobilise \u20ac439.4 billion in additional investment across the EU. More than one million start-ups and small businesses are now expected to benefit from improved access to finance.<\/p>\n

Some 70% of the expected mobilised investment comes from private resources, meaning that the Juncker Plan has also met its objective of mobilising private investment.<\/p>\n

SMEs financing<\/h3>\n

Thanks to the Juncker Plan, the EIB and its subsidiary for financing small businesses, the European Investment Fund (EIF), have approved financing for close to 1200 operations and are on track to provide risk financing for more than one million start-ups and SMEs across a wide range of sectors and in all 28 EU countries.<\/p>\n

As of October 2019, the top countries ranked by EFSI-triggered investment relative to GDP are Greece, Estonia, Portugal, Bulgaria and Poland. Examples of Juncker Plan projects range from pan-European high-speed charging infrastructure for electric vehicles to a food waste management company in Romania to reintegrating former military personnel into the workplace in the Netherlands.\u00a0Factsheets<\/a>\u00a0by country and by sector provide a more detailed overview and further project examples.<\/p>\n

Citizens and businesses<\/h3>\n

In addition to financing innovative projects and new technologies, the Juncker Plan has supported other EU objectives, such as climate, social and transport policy. Thanks to the Juncker Plan:<\/p>\n