Provisional agreement between the European Parliament and the Council on the InvestUE fund

December 10, 2020

Hat: Provisional agreement between the European Parliament and the Council on the InvestUE fund

Amorce:

On Monday 7 December, a provisional agreement on the InvestUE fund was reached between the European Parliament and the Council. It aims to promote strategic, sustainable and innovative investments.

Text:

The agreement provides for additional investments of around €400 billion.

The EU guarantee of around €26 billion (current prices) is expected to mobilise €400 billion in additional investment across the European Union and will be allotted to the following policy objectives:
– Sustainable infrastructure: 37,8% (around €9,9 billion);
– Research, Innovation and Digitalisation: 25,1% (around € 6,6 billion);
– SMEs: 26,4% (around € 6,9 billion); and
– Social investment and Skills: 10,6% (around € 2,8 billion).

Moreover, the European investment Fund (EIF), which will contribute to the implementation of the InvestEU programme, will get an additional €375 million.

Url description: European Parliament - press room

Url: https://www.europarl.europa.eu/news/en/press-room/20201208IPR93301/investeu-fund-agreed-boosting-strategic-sustainable-and-innovative-investments