The Juncker Plan was promoted by the European Commission in November 2014, following the European Council suggestion to face the problem of low investments levels in the EU and to stimulate jobs and growth.
The Plan follows three main objectives (to incentive investments, to increase competitivity and to support the economic growth in Europe in the long term) and it is constituted by three pillars:
- The European Investments Advisory Hub (EIAH) and the European Investment Project Portal (EIPP)
- Actions aimed at eliminating obstacle to investments and at creating simpler, more effective and more predictable regulation in the EU. To support the improvement in financial conditions in the EU, the Plan foresees the creation of a Capital Market Union aimed at reducing the fragmentation of financial markets and increasing capital supply for enterprises and investment projects. In December 2016, the Council adopted Conclusions on a series of problems identified by the Political Economics Committee, which affect investment in the EU. The conclusions should converge into the recommendations addressed to Member States in the context of the European Semester, the EU policy monitoring process
- The European Fund for Strategic Investments (EFSI), which aims at mobilizing private investment through the EU guarantee.