A delegation from the European Investment Bank’s (EIB), European Investment Advisory Hub (EIAH) and the European Commission has visited Wales to highlight the potential opportunities to tap into significant infrastructure financing and maximise the impact of EU funding.
The networking event is the first to be undertaken in the UK and among the first in Europe – bringing together the EIB, the European, Commission, and public and private project promoters from across Wales.
Last year, European Commission President Juncker launched the Investment Plan for Europe, including plans to establish a €315 billion European Fund for Strategic Investment (EFSI) over the next three years.
During 2014, the EIB alone provided more than £6 billion to support the long-term investment of a broad range of infrastructure projects across the UK - the EIB is already supporting a number of projects in Wales.
Jonathan Taylor, European Investment Bank Vice President said:
“Over more than 40 years the European Investment Bank has supported projects that improve lives and unlock economic opportunities across Wales such as the A55 on the North Wales coast, innovative investment by Welsh Water and the brand new Bay Campus at Swansea University. This week’s workshop will ensure that Welsh companies and organisations can benefit from new lending for smaller schemes and experienced share from elsewhere in Europe under the new European Fund for Strategic Investments."
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