23 May, Brussels - Social Identity Cards in Construction: Kick-off Worskshop (SIDE-CIC)
While the European Commission is finalising its proposal for the Covid Recovery Fund, FIEC , together with European Builders Confederation EBC and Construction Products Europe aisbl, launched a new appeal to Commissioner Thierry Breton, in order to highlight the multiplier effect of investing in construction.
According to several studies the spending multiplier effect for construction is the highest in many Member States, ranging between 1.9 and 2.9. In other words, every €1 spent on construction generates additional €1.9 to €2.9 in the overall economy.
This means that an initial dedicated budget of €320B to the construction ecosystem in the EU Recovery Plan, as the 3 organisations requested, would have a multiplier effect (leverage factor) ranging between €608B and €928B.