For the next long-term EU budget 2021-2027, the Commission proposes to create the InvestEU Programme, bringing EU budget financing in the form of loans and guarantees under one roof. InvestEU aims to bring together the multitude of financial programmes currently available and expand the successful model of the Investment Plan for Europe, the Juncker Plan. With InvestEU, the Commission will further boost job creation, investment and innovation.
Total investment remains below pre-crisis levels in many Member States and regions. More importantly, the current investment levels and forecasts do not cover the Union’s structural investment needs in the face of technological change and global competitiveness, including for innovation, skills, infrastructure, SMEs and key societal challenges. Consequently, continued support is necessary to address market failures and sub-optimal investment situations to reduce the investment gap in targeted sectors, and above all in regions that lag behind, to achieve the Union’s policy objectives.
The EPP-CoR rapporteur Konstantinos Agorastos welcomes the European Commission’s ambition to further support investment in Europe and demands that the economic, social and territorial cohesion of the Union be included among the objectives of the InvestEU Programme.
The rapporteur highlights the importance of the Committee of the Regions’ involvement particularly in the Advisory Board of the EU Invest administrative system to have a local presence. This should be defined in consultation with the national, regional or local authorities concerned, and should as a matter of priority be developed in Member States or regions that face difficulties in developing projects under the InvestEU Fund, or which suffer from a significant and persistent investment gap.
- 1st First discussion and adoption in ECON on 23 October 2018
- Final adoption in Plenary session of December 2018