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|Title:||EIB finances 4 projects in France under the EFSI guarantee|
|Author:||[European Commission: DG Communication]|
|Series/Date:||Press Release IP/17/3707 (09.10.17)|
|Notes:||Four projects in France received green light in October 2017 for financing of €100 million in total, provided by the European Investment Bank (EIB) and covered by the guarantee of the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe.|
|Keywords:||Investment Plan for Europe - Juncker Plan - European Fund for Strategic Investments | EFSI - European Investment Bank | EIB|
|Subjects:||7.1 - Industrial policy|
|Background and further information:
The projects span several different sectors, from renewable energy to cyber-security.
+ €20 million for CS Communication & Systèmes (CS) Group to finance research, development and innovation (RDI) into new cyber-security systems;
+ €15 million to Sunpartner Technologies to develop new products in renewable energy and open a new production site in Rousset;
+ €20 million to Amoéba SA to create new production lines in water treatment to reduce the environmental impact of chemical waste;
+ €45 million to Saint Jean Industries to invest in new equipment and RDI in the production of smart, low-emission cars.
The Investment Plan for Europe - the so-called Juncker Plan - has three objectives: to remove obstacles to investment; to provide visibility and technical assistance to investment projects; and to make smarter use of financial resources.
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