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Juncker plan reaches 225bn, funds to council homes

Two thirds threshold exceeded, target is 315bn

24 July, 16:41
(ANSA) - BRUSSELS - Two years since its inception, the Juncker investment plan has so far raised 225bn euros, or more than two-thirds of the target, that is 315bn. Operations approved under the EFSI, its operational tool, cover a total funding of over 43bn and are located in all 28 member countries. The EIB approved 276 operations backed by 33.7bn of EFSI funds. As part of the Juncker plan, 296 financing agreements for SMEs were also approved, with 10bn in support from the EFSI. There are about 445,000 small and medium businesses that will benefit from these agreements. The latest projects include 150mn to modernize the broadband in Greece, 30mn to finance equipment construction at the University of Latvia and 125mn to support over 2,000 council homes in Barcelona. (ANSA).

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