The Juncker Plan is also known as The Investment Plan for Europe.
It was proposed by the European Commission in November 2014, following the European Council's call in June 2014 for the low levels of investment in the EU to be addressed in order to boost growth and employment.
The investment plan focuses on removing obstacles to investment, providing visibility and technical assistance to investment projects and making smarter use of new and existing financial resources. The plan aims at achieving these goals by being active in three areas:
- Mobilising investments of at least €315 billion in three years
- Supporting investment in the real economy
- Creating an investment friendly environment
The Juncker Plan has already supported a number of new construction and renovation projects across Europe. Examples include: