Last November 22nd, the European Commission released a Communication to evaluate the results of the Juncker Plan for the year 2018.
As presented by the Communication, the results obtained by the Investment Plan overcame the expectations of the legislators, and thanks to the backing of the European Fund for Strategic Investments (EFSI), 850,000 small and medium businesses are set to benefit from improved access to finance. As shown by estimates, the EFSI has already supported more than 750,000 jobs, with other 1.4 million jobs set to be created by 2020.
Commission Vice-President responsible for Jobs, Growth, Investment and Competitiveness, Jyrki Katainen, stated: "The Investment Plan has been a game-changer. […] In the EU's next long-term budget, we want to keep the momentum going, and ensure that the Investment Plan's successful model becomes the new European standard for investment support."
For the next year, the Commission committed to intervene to remove regulatory bottleneck to facilitate the ultimate level of integration under the Single Market Strategy, the Digital Single Market, the Capital Markets Union and the Energy Union. On the other hand, the Commission will act to pursue business-friendly structural reforms, to reinforce ‘virtuous triangle' among structural reforms, investment and fiscal responsibility.