HOW HAS THE JUNCKER PLAN BENEFITED LUXEMBOURG?STATE OF PLAY

Investment Plan for Europe MAY 2019

LUXEMBOURG

JUNCKERPLAN IN

The European Fund for Strategic Investments (EFSI) can be used to finance projects in:

Digital

Social

Energy

Transport Regional development

Bio-economy Research, development & innovation

Environment & resourceefficiency

Smaller companies

in total investments

Expected to trigger

€ 548 mEIB financing:

€ 118 m

SMEs set to benefit from improved access to finance

Our next goal is to reach

in mobilised investmentacross the EU by the end of 2020

Approved projects and SME agreements

LUXEMBOURG CURRENTLY RANKS 24 in terms of EFSI-related investment triggered, relative to GDP

12 980

The Juncker Plan’s original target of

€ 315 bnwas surpassed in July 2018

€500 bn

EXAMPLES OF PROJECTS SUPPORTED BY THE JUNCKER PLAN

Please note this list is not exhaustive and only includes a select number of projects. For the full list of projects, please visit www.eib.org/efsi/efsi-projects.

Cake atelier: EMI’S SUGAR ARTCake Atelier is a workshop in traditional pastry and cake design in Luxembourg. With the business growing, company founder Emilia moved the atelier to a central location in the town of Dudelange in southern Luxembourg. She secured a loan from Microlux, backed by the Investment Plan, in order to invest in more material and a larger stock to meet higher demand. The business continues to grow.

Vehicle rental: LUX CARSLux Cars is a company dedicated to the purchasing, selling and renting of used vehicles. It also offers flexible transportation solutions, such as renting vans for short periods of time, or providing moving equipment in the van and a driver if necessary. Its founder obtained a loan from Microlux which was guaranteed by the Investment Plan. He bought two vans and plans to expand his vehicle fleet further.

Healing wounds: FLEN PHARMAFlen Pharma is a pharmaceutical company of 75 employees that produces a new class of wound-healing products, reducing pain and trauma after injury. It used EFSI-backed financing to open a franchise in the United Kingdom and to hire new researchers.

STATE OF PLAY

Investment Plan for Europe MAY 2019

LUXEMBOURG

JUNCKERPLAN IN

Beyond mobilising significant investments, the Juncker Plan also supports project promoters and helps to develop a pipeline of quality projects in Europe. Two initiatives offer great opportunities to project promoters and investors. The European Investment Advisory Hub provides tailored advisory support to prepare and develop investment projects in the EU. The European Investment Project Portal offers a matchmaking service between quality projects in the EU and potential investors worldwide.

The Juncker Plan is also making Europe’s investment environment more business-friendly, working to remove barriers to investments at all levels. More information on challenges and opportunities for investments in Luxembourg is available in this country report.