The European Commission proposes the InvestEU Programme

forums
  • cooperation
  • economy
date
07-06-2018

On 6 June 2018 the Commission published the proposal to create the InvestEU Programme, for the next long-term EU budget 2021-2027.

The main objective of the new investment fund, that will replace the Juncker plan, is to bring together the multitude of financial instruments existing and to expand the success of the previous plan. In particular, the European Commission aims to support with the InvestEU Programme the growth, innovation and jobs in Europe.


The InvestEU Programme will bring together up to 14 existing financial programmes and 13 assistance instruments will get together into a single Advisory Hub. The new programme will be divided in three parts:

• InvestEU Fund. It will support the public and private investments in Europe in order to contribute to reduce the investment gap among the members. The Commission wants to earmark €15.2 billion for the InvestEU Fund, providing in this way a €38 billion guarantee to sustain investments across the EU. The European institution expects that the Fund will trigger more than €650 billion in additional investment during the period 2021-2027. Additionally, the EC identifies 4 policy areas in which the Fund will work: sustainable infrastructure; research, innovation and digitisation; small and medium-sized businesses; social investment and skills.

• InvestEU Advisory Hub. It will supply assistance to support the planning, structuring and implementation of projects.

• European Investment Project Portal. It will bring together investors and project promoters, providing an easily-accessible and user-friendly database in order to more visibility to the project.

 


Moreover, the European Commission underlined the importance of the structural reforms in every member states to support investment and to improve their business environments. Relating with that, on 31 May the EC suggested to establish a Reform Support Programme which will sustain priority reforms in all EU member states.

EUROCITIES staff contact

Aleksandra Olejnik
aleksandra.olejnik@eurocities.eu