Provisional agreement between the European Parliament and the Council on the InvestUE fundDecember 10, 2020
Hat: Provisional agreement between the European Parliament and the Council on the InvestUE fund
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.
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