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A package of measures agreed on 22nd of July will ensure that the European Fund for Strategic Investments (EFSI) is up and running by early autumn 2015, keeping the timetable set by President Jean-Claude Juncker to implement the Investment Plan for Europe.
The Communication explains the important role that NPBs can play in getting Europe investing again by participating in EFSI investments. It provides clarity and practical guidance on how to set up a new NPB, the statistical treatment of NPB co-investments as regards government deficit and debt under the Stability and Growth Pact, the EU state aid treatment of national project co-financing and how NPBs from different Member States can join forces and work with the European Investment Bank (EIB) to set up investment platforms.
This crucial guidance will help companies across Europe gain access to financing through EFSI, the cornerstone of the €315 billion Investment Plan.