The European Commission had proposed, as part of the EU’s next long-term budget, the InvestEU programme to stimulate investment in Europe. On April, 18th the European Parliament gave its green light. This vote represents a further step towards the creation of InvestEU, which will succeed to the European Fund for Strategic Investments (EFSI).
The InvestEU programme will bring together in a single structure the multitude of EU financial instruments currently being implemented to support investment in Europe. It consists of the InvestEU Fund, the InvestEU advisory platform and the InvestEU portal. By supporting investment and innovation in the EU, it will also stimulate job creation.
The InvestEU Fund will contribute to achieving the EU’s objectives on: sustainable infrastructure, research, innovation and digitisation, SMEs, social investment and skills.
The budget guarantee is divided between the action strands:
– Sustainable infrastructure: 11.5 billion euro;
– Research, innovation and digitisation: 11.25 billion euro;
– SMEs: 11.25 billion euro;
– Social investments and skills: 4 billion euro