The European Parliament confirms the political agreement on InvestEU, which will provide the European Union with crucial long-term funding for NextGenerationEU. InvestEU will have a budget guarantee of €26.2 billion from the recovery fund and the multiannual financial framework.
InvestEU will mobilise both public and private funds to sustain investment and create jobs by building on the successful implementation of the European Fund for Strategic Investments (EFSI). It will also provide and attract long-term financing in line with EU policies and at the same time contribute to the recovery from the crisis caused by the Covid-19 pandemic.
The InvestEU regulation will make it possible to provide financial support to SMEs that from 2019 are experiencing severe difficulties due to Covid-19.
For their part, Member States will have the option to use InvestEU as a tool to implement their recovery and resilience plans under the Recovery and Resilience Mechanism.
InvestEU has focused on building stronger European value chains, as well as supporting activities in infrastructure and critical technologies that are possible in the four axes in which the programme is structured. This will address the future needs of the European economy while fostering open strategic autonomies in key sectors of the European Union.
InvestEU will help the European Union achieve two of the objectives of the NextGenerationEU, the green transition, and the digital transformation.
The programme will be structured along four axes:
Next steps
Once the European Council must formally approve the agreement before the ECOFIN Council and the European Parliament can sign it, it will be published in the Official Journal and enter into force within 3 days.
FI Group has 20 years of experience and wants to accompany you on the new NextGenerationEU path. Our experts are at your disposal to analyse how your project fits into the NextGenerationEU European recovery fund and to take the next steps together with you. Contact us.
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