The European Fund for Strategic Investments (EFSI) is a joint initiative of the EIB Group and the European Commission, aimed at mobilising private financing for strategic investments, mainly through loan funding. In Ireland's case, the main potential beneficiaries of EFSI are commercial investment projects (including PPPs), as there is little scope to use EFSI for increased investment by Government due to the need to continue to comply with the requirements of the Stability and Growth Pact. My Department has not submitted any projects for funding under EFSI.