EU plan will see reallocation of funding, according to sources
The European Commission is expected to announce a new multibillion investment plan that will focus on increasing economic growth in the EU.
The plan, expected to be bolstered through private financing to meet the €300bn target, will see a reallocation of funds from some existing instruments and schemes, according to sources. The reorganisation of EU financing is expected to give a greater emphasis on special financing projects funding high-risk infrastructure developments, as opposed to simple investment grants.
A full announcement by the President of the European Commission, Jean-Claude Juncker, is expected on Wednesday. In his Political Guidelines, Juncker pledged to “mobilise up to €300bn in additional public and private investment in the real economy” during the next three years.
