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The compromise provisionally agreed will maintain adequate funding for science and infrastructure through the CEF and the Horizon 2020 frameworks, while ensuring transparent and stable funding for the Fund's objectives.
Outcome of today`s trilogue will pave the way for new investments of at least 315 billion EUR in the whole Union. The selection of EFSI projects will be based on compliance with EU policies, economic viability and their potential to attract private investment. The EFSI will allow the implementation of a series of projects that until now would not have been able to attract sufficient investments. Furthermore, the EFSI will mobilise private funds to facilitate growth and jobs in the European Union.
In accordance with the European Council's conclusions in December 2014, the new investments through EFSI will be activated as early as mid-2015.
