Highest leverage, quickest roll-out and widest societal benefits: ambitious building renovation projects are best-in-class for strategic investment

“The European Fund for Strategic Investments must earmark funds for deep renovation projects,” says the building sector industry. A new report by Copenhagen Economics concluded that deep building renovation projects respond more effectively and cost-efficiently to the key objectives of the European Fund for Strategic Investments (EFSI), and recommended prioritising “shovel ready” investments with a quick roll-out and high societal returns.

Eurima, Glass for Europe, EuroACE, PU Europe and the Renovate Europe Campaign welcomed the report as a clear sign that building refurbishment is one of the smartest, most cost-effective ways of mobilising investments for growth.

“The European Strategic Investment Fund aims to give priority to projects that boost short and medium-term activity while providing high returns to society,” said Adrian Joyce, Secretary General of EuroACE and Renovate Europe Campaign Director, “and this report shows that building renovation can respond very effectively to all these requirements.”