Brussels Reporter
  • Home
  • Brussels
  • Europe
    • Europe

      Poland to make abortion ban binding

      January 27, 2021

      Europe

      Spain snowstorm: Madrid’s farming sector estimates €6 million…

      January 27, 2021January 27, 2021

      Europe

      German start-up company makes 120,000 FFP2 masks a…

      January 27, 2021January 27, 2021

      Europe

      Dutch police out in force to prevent further…

      January 26, 2021January 26, 2021

      Europe

      French teachers strike in Paris over government’s response…

      January 26, 2021January 27, 2021

  • Globe
  • Lifestyle
  • Business

Brussels Reporter

  • Home
  • Brussels
  • Europe
    • Europe

      Poland to make abortion ban binding

      January 27, 2021

      Europe

      Spain snowstorm: Madrid’s farming sector estimates €6 million…

      January 27, 2021January 27, 2021

      Europe

      German start-up company makes 120,000 FFP2 masks a…

      January 27, 2021January 27, 2021

      Europe

      Dutch police out in force to prevent further…

      January 26, 2021January 26, 2021

      Europe

      French teachers strike in Paris over government’s response…

      January 26, 2021January 27, 2021

  • Globe
  • Lifestyle
  • Business
Home Europe Juncker plan: Where are we with the Investment Plan for Europe
Europe

Juncker plan: Where are we with the Investment Plan for Europe

by editor January 28, 2019
January 28, 2019

In December 2018, the European Commission released the latest update concerning the results achieved by the Investment Plan for Europe, the so-called Juncker Plan. Besides sheer volumes of financing, we analysed the data to give a more qualitative overview of how resources were allocated and how many SMEs benefited from the plan in each EU country.

Alexander Damiano Ricci for VoxEurop

In the light of the economic and financial crisis that hit Europe over the past decade, the European Commission (EC) decided to make out of the revamp of investments across the Old Continent one of its strategic objectives.

In this context, one of the policy initiatives that marked Jean Claude Juncker’s presidency of the EC, has been without any doubt the so-called Juncker Plan (technically, the “Investment Plan for Europe”).

According to the EC, the Juncker Plan pursues three general objectives, namely: “removing obstacles” to investment, “providing visibility and technical assistance” to investment projects, as well as “making smarter use of financial resources.”

Focusing on the first objective, the EU set up the European Fund for Strategic Investments (EFSI), which provides a guarantee to mobilise private investments in EU Member States. Crucially, on this pillar, the EC works jointly with the European Investment (EIB) Group.

In December 2018, the EC released an update relative to the state of the art of the achievements of the Juncker Plan and, more specifically, to the results achieved by the EFSI. According to these data, investments targeted in descending order the following sectors: smaller companies (33 percent), research and development innovation (22 percent), energy (19 percent), digital economy (11 percent), transport (7 percent), social infrastructure (4 percent) and environment and resource efficiency (4 percent).

To give a more detailed overview of the results obtained by the Juncker Plan so far, we scraped the data provided by the EC.

Multiplier effects and allocation of resources

Figure number 1 provides an overview of the financial resources that were provided to specific projects in each Member State and, all the more important, the size of investments the EC expects to be triggered by the former. If we look at these numerical values, France, Italy and Spain appear to be the countries collecting the biggest amount of financial resources.

It is worth mentioning, however, that in its update the EC provides as well a ranking which depicts allocated resources relative to the size of each economy. As a result, Greece appears to be the country that benefited the most from the EFSI.

On the base of the figures sketched in figure 1, we calculated the ratio of expected investments over actual finances, a figure which is broadly described as “multiplier”.

Figure number 2 thus portrays EU Member State in ascending order according to the ability of their economies to make use of the resources deployed by the EFSI.

Interestingly, Estonia – a country which has been praised several times for its high levels of digitalisation – tops the ranking, followed by the United Kingdom, Denmark and Slovenia.

Digging into the data released by the EC it is possible to get an idea of how the resources of the plan have been allocated between infrastructural projects and small and medium enterprises (SMEs). Figure 3 provides the breakdown.

On average, in countries such as the Czech Republic, Luxembourg, Lithuania, Malta, Romania, Croatia, the UK and Bulgaria EFSI resources are targeting SMEs relatively more than in the rest of the EU. On the contrary, the Netherlands and Poland feature the greatest share of financing dedicated to infrastructural projects. Portugal, Malta, Lithuania and Croatia show a more balanced distribution.

Eventually, the EC provides data about the expected number of SMEs which will benefit from the EFSI. Given that the number of SMEs is linked to the sheer size of each country and economy, we calculated the ratio of resources allocated to each SME in the frame of the EFSI. The results are shown in figure 4.

Methodology

In the updated of the EC, the fact-sheets for Hungary and Spain lack some data relative to the breakdown of EFSI resources into infrastructural and SME projects. Consequently, the two countries are not comprehended in figure 3.


This article is published in association with the European Data Journalism Network.

Factual or translation error? Tell us. Last modified: 28 January 2019

Source link

previous post
Juncker plan: Where are we with the Investment Plan for Europe
next post
A hospital in Brussels may offer new opportunities to cure type-1 diabetes

Related Posts

Hybrid cars may pollute more than previously thought,...

November 24, 2020

Ukraine protest: Hundreds demonstrate in Ukraine after court...

October 30, 2020

On Lesvos, locals and migrants fear ‘another Moria’

September 17, 2020

China’s EU ambassador: Don’t block Chinese companies

December 27, 2019

Forty years after the war, have Iran and...

September 22, 2020

Germany’s top court to rule on Dieselgate compensation...

May 25, 2020

Trump: Impeachment process worse than Salem Witch Trials

December 18, 2019

Iran: UN arms embargo ends after ten years...

October 19, 2020

New York attorney general seeks to dissolve NRA

August 6, 2020

Threat of government resignations on the eve of...

May 12, 2019
Promotion Image

Recent Posts

  • Poland to make abortion ban binding
  • Spain snowstorm: Madrid’s farming sector estimates €6 million loss from Filomena
  • Biden to sign executive orders on environment
  • German start-up company makes 120,000 FFP2 masks a day
  • Biden raises election meddling with Putin in first phone call
Promotion Image

GO!

Lifestyle

  • Scientists are using satellites to count elephants from space for the first time

  • France: Hospital workers demand more resources to fight COVID-19

  • Alexei Navalny: Millions watch jailed critic's 'Putin palace' film

  • Covid vaccine: WHO warns of ‘catastrophic moral failure’

  • Belgium looks good in white

Popular Posts

  • 1

    Beware of scammING. Dirty money of famous bank

    October 6, 2020
  • 2

    Norway: No link established after post-COVID-19 vaccination deaths, says health authority

    January 18, 2021
  • 3

    Biden inauguration: Fireworks light up Washington DC sky as Hollywood A-list turns out to celebrate

    January 21, 2021

Editor’s Choices

  • European Parliament will set up vaccination centers for MEPs, staff and locals

    January 21, 2021
  • Why ‘equal access’ to coronavirus vaccines is failing poor countries

    January 20, 2021
  • Merkel era may only just be beginning

    January 16, 2021

Opinions

  • Poland to make abortion ban binding

    January 27, 2021
  • AstraZeneca CEO: EU vaccine contract is ‘not a commitment’

    January 27, 2021
  • Rich countries ‘hoarding’ vaccines, says South Africa’s president

    January 26, 2021

@2018-2021 - Brussels Reporter (www.brusselsreporter.com). All Right Reserved.