The agreement provided for the transfer of €2.2 billion from Horizon 2020 to the EFSI, despite lobbying by various European higher education organisations, including the VSNU. This reduction applies to the entire programme, with the exception of ERC, Marie Sklodowska-Curie and Spreading Excellence & Widening Participation. The management of the EFSI is based on an agreement between the European Commission and the EIB. On Thursday 28 May 2015, the European Council, the European Parliament and the European Commission reached an agreement on the EFSI Investment Programme. The EFSI was created to stimulate structural economic growth through targeted investments in infrastructure, research, sustainability and SMEs. Financing takes the form of loans. 25 This PAGE of the EIB explains how you can apply for efSI financing, whether you are a private or public body, a financial institution, a fund, a platform or an SME. The EU guarantee must not exceed €16 billion. The European Fund for Strategic Investments – the EFSI – is the central pillar of the Investment Plan for Europe. The aim is to combat the lack of trust and investment due to the economic and financial crisis and to use the liquidity of financial institutions, companies and individuals at a time when public funds are scarce. In June, the Dutch EFSI Investment Agency (NEIA) was set up by the Minister of Economy and the Minister of Finance. This platform shall assist EFSI interested parties in submitting their proposals. Universities can contact the NEIA with any questions.
The EFSI represents the European Fund for Strategic Investments. This European Commission investment fund was created by President Jean-Claude Juncker. That is why the Fund is also called the Juncker Fund.