European Fund for Strategic Investment (EFSI) is a joint initiative by the European Commission (EC) and The European Investment Bank (EIB) managed by the EIB. This investment plan came into action in 2015 for the time period from 2015 to 2018. EFSI has been expanded up to 2020 by the EC which is named by EFSI 2.0.
EFSI is considered as the first pillar of the investment plan for Europe (Junker Plan) and has been taken as an important tool to fight with current market failure and to finance strategic investment in the sectors like energy infrastructure, education, research and innovation, renewable energy and risk financing for SMEs especially in Eastern and Southern EU countries for a good geographical balance and to ensure energy supply security and to reduce carbon emission.. EFSI primarily targets to mobilize private investment from EUR 33.9 billion to at least EUR half of a trillion by 2020 to make Europe more investment friendly and to remove regulatory obstacles. The EFSI 2.0 is focusing on infrastructure projects to encourage renewable energy technologies and energy efficiency.
All private firms irrespective of size, public sector entities, national promotional banks or other banks who want to provide intermediated lending or investment funds can apply for EFSI. And to get a maximum of EFSI opportunities, potential beneficiaries can use the European Investment Advisory Hub (EIAH) and the European Investment Project Portal (EIPP).