It consists of a €21 bn guarantee from the Commission and the European Investment Bank (EIB). This guarantee allows increasing EIB's lending capacity with €60 bn for more risky projects, which in turn gives extra assurance to other public and private investors, resulting in an extra financing capacity of €255 bn. The total extra investment capacity in the EU economy is thus €315 bn.
Cities should partner and group their projects to be more attractive in terms of scale. Cities and projects promoters should engage with the EIB and the National Promotional Banks to benefit from the EFSI.
At the beginning of 2016, a website aiming to match projects with investors was set up.
Cities should make direct contact with the Advisory Hub.