For the next long-term EU budget 2021-2027, the Commission proposes to create the InvestEU Programme, bringing EU budget financing in the form of loans and guarantees under one roof.
InvestEU will bring together the multitude of financial programmes currently available and expand the successful model of the Investment Plan for Europe, the Juncker Plan. With InvestEU, the Commission will further boost job creation, investment and innovation.
The new programme will consist of the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal.
- InvestEU Fund
Building on the success of the Juncker Plan, the InvestEU Fund will continue to mobilise public and private investment in the EU to help address the still sizeable investment gap in Europe. The new Fund will notably:
- InvestEU Advisory Hub
Building on the model of the Investment Plan’s European Investment Advisory Hub, the InvestEU Advisory Hub will integrate the 13 different advisory services currently available into a one-stop-shop for project development assistance. It will provide technical support and assistance to help with the preparation, development, structuring and implementation of projects, including capacity building.
- European Investment Project Portal
The Investment Plan’s European Investment Project Portal gives visibility to investment projects across the EU and will be continued under the InvestEU Programme. The Portal brings together investors and project promoters by providing an easily-accessible and user-friendly database, giving projects more visibility and enabling investors to find investment opportunities in the sector or location of their interest.
Structural reforms remain essential
EU financing alone will not address the low levels of investment in Europe. Member States should use all the support on offer to address national barriers to investment and to improve their business environments, in particular by implementing the European Semester’s Country Specific Recommendations. On 31 May, the Commission proposed to create a Reform Support Programmewhich will support priority reforms in all EU Member States, with an overall budget of €25 billion. This new programme includes financial support for reforms as well as technical support and expertise.
A swift agreement on the overall long-term EU budget and its sectoral proposals is essential to ensure that EU funds start delivering results on the ground as soon as possible. Delays would mean that we would continue to see low levels of public and private investment in the EU which would have tangible consequences for jobs and growth in Member States.
An agreement on the next long-term budget in 2019 would provide for a seamless transition between the current long-term budget (2014-2020) and the new one and would ensure predictability and continuity of funding to the benefit of all.
Full article available here
Factsheet: What is InvestEU?
Factsheet: InvestEU – what will it finance?
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