Translation of "EFSI " (English → French) :

European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: "The EFSI was created to be as flexible as possible and there are huge opportunities for project promoters to apply for EFSI financing as well as ESI Funds.

What is the European Fund for Strategic Investments (EFSI)?

The European Fund for Strategic Investments (EFSI) is at the heart of the Investment Plan for Europe.

22. Welcomes the new European Fund for Strategic Investment (EFSI) and its potential leverage effect; underlines that the EFSI’s main objective should be to ensure economic, social and territorial cohesion, and that it should therefore benefit all the regions of the EU; highlights the need to ensure the additionality of EFSI’s resources – and, hence, the complementarity and synergy between it and ESIF, while keeping each financially separate from the other – and, in the same vein, advises the parties concerned to build on the experiences gained from the implementation of the European Economic Recovery Plan in 2008, in particular regard ...[+++]ing smart investments;

18. Supports all the incentives proposed by the European Commission to finance the new European Fund for Strategic Investments (EFSI), mainly by making national contributions to the fund fiscally neutral as regards to the attainment of the MTO and to the required fiscal adjustment effort without modifying it in the preventive or the corrective arm of the SGP; notes the Commission's intention to refrain from launching an EDP if, only because of the additional contribution to the EFSI, a Member State deficit goes slightly and temporarily beyond the 3 % deficit limit; draws the attention on the SGP's vital contribution to confidence build ...[+++]ing when attracting foreign investments; stresses the importance of the additionality of the EFSI financing since EFSI-funded projects must, under no circumstances simply replace investment already planned and that net investment must, on the contrary, be effectively increased as a result;

In particular, the report should assess the achievement of the general objectives laid down in this Regulation, the mobilisation of private capital, as well as include an assessment of the additionality provided by the EFSI, of the risk profile of operations supported by the EFSI and of the macro-economic impact of the EFSI, including its impact on growth and employment.