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How does EFSI work? EFSI is a EUR 26 billion guarantee from the EU budget, complemented by a EUR 7.5 billion allocation of the EIB’s own capital. The total amount of EUR 33.5 billion aims to unlock additional investment of at least EUR 500bn by 2020. EFSI is implemented by the EIB Group and projects supported by it are subject to usual EIB procedures. What’s the focus of EFSI? With EFSI support, the EIB Group is providing funding for economically viable projects, especially for projects with a higher risk profile than usually taken on by the Bank. It will focus on sectors of key importance for the European economy, including: • Strategic infrastructure including digital, transport and energy • Education, research, development and innovation • Renewable energy and resource efficiency • Support for small and mid-sized businesses Who can apply for EFSI financing? Private sector entities Large businesses, special purpose vehicles and medium-sized companies with up to 3 000 employees (also called midcaps) can benefit from project loans or loans to finance research and innovation. Midcaps and small companies of less than 250 staff can also apply for growth finance or intermediated lending provided by financial partners, and may benefit from EIF’s intermediated equity or guarantee products. Public sector entities Local authorities, public sector companies or other government- related entities may benefit from project loans or loans to finance research and innovation. Smaller projects may also be financed through EIB’s intermediated lending provided by partner institutions.