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Investment Plan for Europe: green light for 4 projects in France, €100 million in finance

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The projects span several different sectors, from renewable energy to cyber-security. Each project has received financing from the European Investment Bank (EIB) and is covered by the guarantee of the European Fund for Strategic Investments (EFSI), the core of the Juncker Plan. Here is an overview of the deals:

€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.

 

As of September 2017, the Investment Plan is set to trigger €236.1 billion in investment across the EU. €35 billion of this is in France, where the EIB Group has already approved 70 infrastructure and innovation projects and 28 SME financing agreements with intermediary banks or funds.