23 January 2018 – Public Presentation of the report “Boosting investment in social infrastructures in Europe” by the High Level Task Force on Social Infrastructures

A year ago, The European Long Term Investors Association (ELTI asked former President of the European Commission and Primer Minister of Italy Romano Prodi to chair a High-Level Task-Force bringing together highly experienced persons from different backgrounds (former minister, trade-unionist, economists, representatives from public companies …) to scrutinize investments in Social Infrastructure in Europe and to find ways to enhance them. This initiative underlining the need for additional investments in health, education and affordable housing, received a strong and immediate support from European Commission Vice-President Jyrki Katainen. Several experts have analysed future developments against the current situation.



On January 23, the main findings of the report were presented at the European Commission premises. Proposals articulate in different timeline horizons (short, mid-term and long -term) and around three main ideas :

  1. « Labelling » National and European institutions could grant labels to projects according to social efficiency criteria. These labels could facilitate identification and, in turn, the financing of these projects.
  2. « Bundling » projects. As most projects are small-scale projects, requiring a limited amount of investment, bringing them together could reduce the fixed costs and favour their dissemination.
  3. « Blending » financing. In the current state of the economy, financing for these projects cannot come from one single body. Mixing public and private financing and/or using social impact bonds, could facilitate the access of Social Infrastructure to financing, while maintaining their unique benefits for the community.

Download the report

European Parliament – November 23 Breakfast-debate “Infrastructure and real estate: long-term investments working together to build Europe’s future”

On November 23, in the context of the Invest Week, the Intergroup on Long-term Investment and Reindustrialisation and the European Real Estate Forum (EREF) jointly sponsored a breakfast event in the European Parliament. The event focused on how infrastructure and real estate are long-term investments that are attractive to institutional investors such as pension funds and insurance companies and that have many similarities and synergies. 

Inrev breakfast debate

Panel :

  • Brenna O’Roarty, RHL Strategic Solutions
  • Hans Op ‘t Veld, Head of Listed Real Estate, PGGM
  • Hauke Brede, Chief Risk Officer, Allianz Real Estate
  • Jeroen Reijnoudt, Senior Portfolio Manager International Real Estate, MN
  • David Percheron, Permanent representative to the EU, Caisse des Dépôts Group

Download the agenda

Dowload the minutes

Download the presentation of the speakers

November 20 – Conference on Investment and Innovation – European Parliament



Investment and Innovation

Monday, 20 November, 15:20-17:30, followed by a cocktail reception

European Parliament, room ASP5G1

Keynote: Jyrki Katainen, European Commission Vice-President for Jobs, Growth, Investment and Competitiveness

As part of Invest Week, successful founders from some of Europe’s most exciting companies joined Vice-President Katainen to explore the role of entrepreneurship and innovation in improving the way we live and work. This roundtable provided an opportunity to debate with business pioneers and the newly appointed Chairman of the High Level Group of Innovators of the European Innovation Council on how to ensure that growing companies get access to the investment and support they need to scale-up in Europe.

Read the minutes of the conference

  • Hermann Hauser, co-founder, Amadeus Capital Partners, Acorn Computers and ARM Holdings, and Chair of the High-Level Group of the European Innovation Council
  • Stan Boland, founder of FIVE AI, developing AI mapping systems to make driverless cars safe in urban environmentsDan Kiernan, co-founder of Unbound, the crowdsourcing publishing platform
  • Ulrich Hanfeld, CEO at NKD, the German retailer and a successful turnaround story
  • Pascal Lagarde, Executive Director in charge of International Affairs, Strategy, Studies and Development at Bpifrance, the French bank of entrepreneurs

Moderated by: Michael Collins, Chief Executive Officer, Invest Europe

invest week

October 12 – Lunch Debate on "financing sustainable cities : ensuring long term investments for urban transport (tram, light rail and metro systems) – European Parliament

On October 12, in cooperation with UNIFE and Eurocities, the Long-term investment Intergroup held a lunch-debate on the financing of urban transport infrastructures. 


Download the agenda 

Download the biography of the speakers

Download the presentation of Pierre Aubouin, Caisse des Dépôts et Consignations,

Download the presentation of Mark-R Sontag, Siemens, (UNIFE)

Download the presentation of Aleksandra Olejnik, City of Lodz ( Eurocities)

MEP Dominique Riquet, Chair of the LTI Intergroup, welcomed the participants to the lunch-debate, saying that events of this kind are important to bring together different types of actors, as a way to bridge investment gaps, given that local authorities have huge role to play in funding, and that project promoters lack necessary information on EFSI.

Philippe Citroen, Director General of UNIFE, stressed on the importance of ESI Funds in contributing to the implementation of projects in cities investing in urban rail networks. Thanks to this, a lot of cities in Central and Eastern European countries have been able to invest in urban rail projects. Nevertheless, improvements are needed with EFSI, given that the we have experienced a very gradual take-off, with some urban rail projects in the waiting list for the signoff of the EIB Board of Directors.

Ana Lisa Boni, Secretary General of EUROCITIES, mentioned the importance of rail infrastructure in contributing to the shift towards more sustainable mobility. She underlined the importance for cities to easily access funding for investing in different sectors, as the most pressing challenges of our society have a stronger impact in cities. For this reason, investment in cities will contribute to make Europe a more liveable place.

Aleksandra Oleynik, Coordinator of the activities of the City of Łódź in international organisations, presented a city case on how investing in urban rail helped to reduce traffic congestion and improve living conditions within the city. She presented two EU-funded urban rail projects: a new underground railway station and the tramway infrastructure modernisation.

Mark Sontag, Executive Director of Mobility Finance at Siemens Financial Services, stressed that digitisation has helped to reduce congestion through apps, C-ITS, etc. He said that grant funding must remain high for what concerns mobility, and therefore EFSI can’t totally replace these mechanisms.

Pierre Aubouin, Head of the Infrastructure & Transportation Department at Caisse des Dépôts et Consignations, emphasised how the involvement of private investors could generate impetus for a greater use of EFSI for urban rail projects, and suggested to local authorities more openness regarding new financing schemes, in order to easily access EFSI funds. He also affirmed that investing in urban rail can help avoiding the spread of too many shared mobility platforms (like UBER).

MEP Novakov moderated the debate, and recalled the 750 billion Euros needed complete the TEN-T network, specifying that every billion Euros invested in the TEN-T network provides 10.000 jobs, thus TEN-T network’s enhancement is fundamental to boost clean transport and jobs. He also reiterated the TRAN Committee’s commitment for a fairer share of EU budget allocated to transport in the post-2020 programming period. 

October 17 – The State of Housing in the EU 2017 – European Parliament and Committee of the Regions

The Housing Europe Observatory presents at the European Parliament the 2017 edition of its flagship report ‘The State of Housing in the EU’ under the auspices of the European Parliament Long-term Investment Intergroup. It will be a precious occasion  to bring the housing debate to the EU Institutions putting particular focus on investment as a response to Europe’s housing challenge.

The morning session will be held at the European Parliament in room ASP 1E1 from 11am to 1pm. 

The afternon session will be held at the Committee of the Regions, from 14:00 to 17:00, Room JDE 70 .

The report at a glance: Detailed statistics per EU Member State – The latest housing trends in a cross-country observation – A compilation of the most significant policy updates since 2015 – Analysis of the interaction of housing policies and EU policies – The effect that challenges at local level have on housing

 More information and agenda

Paris Conference on social infrastructure

 On July 10, the Caisse des Dépôts (CDC) and the Council of Europe Development Bank (CEB) organised, under the auspices of the European Association of Long-Term Investors (ELTI), a conference on “Financing social infrastructure” which gathered more than a hundred European participants. The high level speakers, including former European Commission President Romano Prodi and the former French Economy and Finance Minister Christian Sautter, noted a lack of investment in the fields of “Education, health and social housing in the European Union”.

The conference stressed the importance of finding innovative financing for these infrastructures which have a strong impact on the daily lives of European citizens. Hospitals, universities and social housing are all sectors that ensure both the attractiveness of the territories and the well-being of citizens.

Opening the conference, Pierre-René Lemas, Director General of CDC, underlined the role of an institution such as the Caisse des Dépôts in financing social infrastructure. “The role of the Caisse des Dépôts is to accompany the territories by funding the necessary equipment so essential for the daily life of all citizens: social housing, hospitals, universities, public buildings.

CEB Governor Rolf Wenzel said: “Promoting inclusive growth through the financing of social infrastructure projects is one of the CEB’s priority areas of operation, and I am pleased that the conference addresses this important issue. Indeed, in recent years we have stepped up our cooperation with central governments, regional authorities and municipalities in our member countries in order to lend our full support to their social investments.”

Concluding the conference, Laurent Zylberberg, President of the ELTI association, recalled the important contribution that European public financial institutions can make to the reflection on the financing of social infrastructure. “By taking the initiative to launch a reflection on the financing of social infrastructure, and with the support of prominent figures like Romano Prodi and Christian Sautter, our association affirms the social relevance of the economic model of long-term investors.”

February 7 – Intergroup dinner-debate – EU prudential regulation, balancing growth orientation : the green investment agenda and stability

On 7 February, 2017, the Long-term investment and reindustrialisation Intergroup of the European Parliament together with the European Financial Services Round Table – EFR – held a dinner debate on EU prudential regulation and incentives towards green investments.

Download the minutes

Sans titre 3

List of the speakers

Denis DUVERNE, Chairman of the Board of Directors of AXA, Vice-Chairman of the European Financial Services Round Table (EFR)               

Valdis DOMBROVSKIS, Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, European Commission

Sir Adrian MONTAGUE, Chairman of Aviva, Chair of the European Financial Services Round Table’s working group on Climate Change

Mikołaj DOWGIELEWICZ, Permanent Representative of the European Investment Bank to the European Union

Download the agenda

Download the biography of the speakers

Download the list of participants

Urban Intergroup – Long-term investments: Barriers and opportunities for regions and cities – March 8, 2017 – European Parliament




Long-term investments: Barriers and opportunities for regions and cities

Wednesday, 8th of March 2017, from 14.00 to 16.00, in the European Parliament, Brussels

Room JAN 6Q1

What are the challenges faced by the regional, local authorities as well as the private sectors regarding long-term investments? How can the EU help to overcome them?

This event will try and address these questions and will include presentations on key issues, followed by a debate featuring EU institutions, city politicians and financial experts on the current Eurostat rules and their impact on regional and local public investments in several sectors such as transport, energy efficiency and waste management.

It will be the occasion to better understand and explore possible avenues to transform current barriers into future opportunities for region and cities. A catalogue featuring examples of barriers experienced by all sectors will also be presented and distributed at the event.



ELTI – Romano Prodi chaired the first Plenary Meeting of the High-Level Task-Force on Social Infrastructure

Launched by the European Association of Long-Term Investors (ELTI) chaired by Laurent Zylberberg, the High-Level Task Force on Social Infrastructure (“HLTF SI”) held its first plenary meeting in Brussels on February 13th under the chairmanship of Romano Prodi, former President of the European Commission and Christian Sautter former French Minister of Economy, Finances and Industry.

The “HLTF SI” will publish recommendations by the end of the year to promote the financing of social infrastructure (health, education, social housing…). More than 20 experts will provide input to the Task Force organised in two working groups. They will focus on “the investment needs in social infrastructure” and the “availability and gaps on long-term financing to support investment in this area”.

Infrastructure is essential to economic productivity and to the functioning of societies and is a crucial prerequisite for economic growth. Among them, social infrastructure, particularly those linked to the health, education and social housing sectors, contribute to improving the living conditions of European citizens but also to the competitiveness of the territories. However, this type of infrastructure, even when demand is growing, is faced with an insufficient supply of financing (knowledge economy, aging population, changes in the real estate market, etc.).

At the end of the meeting, the President of the European Long-Term Investors Association Laurent Zylberberg declared: “The High-Level Task-Force on Social Infrastructure maximizing public value is an ambitious process carried out within the framework of the ELTI association with the support of its members including Caisse des Dépôts Group, Cassa Depositi e prestiti, KFW, its associate members Council of Europe Development Bank, LTIIA and its permanent guest the European Investment Bank. The involvement of Romano Prodi, Christian Sautter, the National Promotional Banks and Institutions, the European Commission, the European Investment Bank (EIB) and of the most relevant stakeholders in this Task Force are both a guarantee for success and a sign of the relevance of this initiative. The Task-Force will propose, by the end of the year, recommendations that we hope to be both innovative and achievable.

The members of the HLTF SI are: Romano Prodi (Chairman), Christian Sautter (Vice-Chairman), Benjamin Angel, Antonella Baldino, Guido Bichisao, Lieve Fransen (chair WG 1), Lutz-Christian Funke, Edoardo Reviglio, Valeria Ronzitti, Bernadette Ségol, Eugene Zhuchenko, Laurent Zylberberg, Luc Zelderloo, Enrico Giovannini, Helmut von Glasenapp.

See press release