Proposal for a Regulation establishing the InvestEU Programme

Author (Corporate)
Series Details COM (2018) 439
Publication Date 06/06/2018
Content Type

Summary:

Legislative proposal published by the European Commission on 6 June 2018 setting up  the InvestEU programme for the period 2021-2027.

Further information:

InvestEU aims to bring together a multitude of existing financial programmes and expand the model of the Investment Plan for Europe, which was launched in 2014 in the aftermath of the financial and sovereign debt crisis to boost jobs, growth and investment. InvestEU responds to the need to provide for an EU investment programme to cater for cross-cutting objectives in terms of simplification, flexibility, synergies and coherence across relevant EU policies.

The proposed programme is based on the same budgetary model as the European Fund for Strategic Investments (EFSI), which is at the core of the so-called Juncker Plan. It stands on four legs:

  • InvestEU Fund providing for the EU guarantee;
  • InvestEU Advisory Hub providing in particular project development-related technical assistance;
  • InvestEU Portal providing an easily accessible database for promoting projects in search for financing;
  • blending operations.

The proposal was put forward in the framework of the discussions on the Multiannual Financial Framework (MFF) for the period 2021-2027. The European Parliament's plenary session adopted a negotiating position on 16 January 2019. The Council of the European Union held a discussion on this proposal on 22 January and reached an agreement on a general approach on 21 February. A partial informal agreement between the co-legislators on a compromise text was reached on 20 March. The Parliament formally endorsed it on 18 April.

Source Link https://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2018:439:FIN
Related Link(s)
Commentary and Analysis
EurActiv, 06/06/2018: InvestEU must make a serious dent in the EU’s energy efficiency investment gap https://www.euractiv.com/section/energy/opinion/investeu-must-make-a-serious-dent-in-the-eus-energy-efficiency-investment-gap/
Euronews, 24/09/2018: Explaining the jargon: Invest EU vs EFSI https://www.euronews.com/2018/07/10/explaining-the-jargon-invest-eu-vs-efsi
EPRS: Briefing, October 2018: Initial Appraisal of a European Commission Impact Assessment http://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_BRI(2018)627133
EPRS: Briefing, April 2019: The InvestEU programme: Continuing EFSI in the next MFF http://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_BRI(2019)635519

News
EurActiv, 07/06/2018: Goodbye Juncker plan, hello InvestEU, Europe’s new investment fund https://www.euractiv.com/section/economy-jobs/news/goodbye-juncker-plan-hello-investeu-europes-new-investment-fund/

Official
EUR-Lex: SWD(2018)314: Impact assessment https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2018:314:FIN
EUR-Lex: SWD(2018)316: Evaluation of the European Fund for Strategic Investments, of the European Investment Advisory Hub, and of the European Investment Project Portal https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2018:316:FIN
European Parliament: Legislative Observatory: Procedure File for Proposal on InvestEU programme 2021–2027 https://oeil.secure.europarl.europa.eu/oeil/popups/ficheprocedure.do?lang=en&reference=2018/0229(COD)
EP: Legislative Train: InvestEU programme 2021–2027 http://www.europarl.europa.eu/legislative-train/theme-new-boost-for-jobs-growth-and-investment/file-mff-investeu
European Commission: Press Release, 06/06/2018: InvestEU Programme to support jobs, growth and innovation in Europe http://europa.eu/rapid/press-release_IP-18-4008_en.htm
European Commission: Speech by Vice-President Katainen at the presentation of the InvestEU Programme for the next EU Budget http://europa.eu/rapid/press-release_SPEECH-18-4087_en.htm
European Parliament: Press Release, 16/01/2019: 'InvestEU': MEPs support new programme to boost financing for jobs and growth http://www.europarl.europa.eu/news/en/press-room/20190109IPR23009/
European Commission: Press Release, 16/01/2019: Commission welcomes European Parliament's position on InvestEU http://europa.eu/rapid/press-release_IP-19-444_en.htm
Council of the European Union: Press Release, 21/02/2019: InvestEU: Council agrees its position on an improved instrument to support investment, growth and jobs in the EU https://www.consilium.europa.eu/en/press/press-releases/2019/02/21/investeu-council-agrees-its-position-on-an-improved-instrument-to-support-investment-growth-and-jobs-in-the-eu/
European Commission: Press Release, 21/02/2019: EU Budget for 2021-2027: Commission welcomes Member States' position on InvestEU http://europa.eu/rapid/press-release_IP-19-1328_en.htm
Council of the European Union: Romanian Presidency's issues note on InvestEU, 22 January 2019 https://data.consilium.europa.eu/doc/document/ST-5152-2019-INIT/en/pdf
European Commission: Press Release, 20/03/2019: EU Budget for 2021-2027: Commission welcomes preliminary agreement on InvestEU http://europa.eu/rapid/press-release_IP-19-1732_en.htm
European Parliament: Press Release, 18/04/2019: ‘InvestEU’ programme: big boost for jobs, growth and investment http://www.europarl.europa.eu/news/en/press-room/20190410IPR37569/
European Commission: Press Release, 18/04/2019: EU Budget 2021-2027: Commission welcomes Parliament's green light on InvestEU http://europa.eu/rapid/press-release_IP-19-2149_en.htm
European Commission: Fact Sheet, 18/04/2019: The InvestEU Programme: Questions and Answers http://europa.eu/rapid/press-release_MEMO-19-2135_en.htm

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