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Commission admits investment fund lacks visibility

Jyrki Katainen, the European Commission’s vice-president for jobs, growth and competitiveness, has said that the Commission has “plenty of work” to do to raise awareness of its European Fund for Strategic Investment.

The Commission “regularly hears from private equity funds that they have not heard about Efsi”, and the first time many regional leaders hear about the fund is when they meet with the Commission, Katainen said in an interview with EurActiv, published on 11 December. “There is plenty of work to be done next year to raise awareness,” he added. 

However, he said that Efsi has “taken off very positively” in its first six months, describing member states’ total contribution of €42.5 billion as “quite a significant number”. He said that he would like to build up an online portal of Efsi-backed projects to help investors find opportunities, and to channel contributions from third countries such as China and Gulf nations. 

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