The Commission and the implementing partners will finalise the necessary procedures and arrangements to allow companies and project promoters to start applying for funding as early as the coming months. On 7 December 2020, the European Parliament and the Council reached a political agreement on the InvestEU Programme. The aim of the programme is to bring together and streamline several different funds and programmes from the EU budget in order to make European investments easier and more accessible. Elisa Ferreira, Commissioner for Cohesion and Reforms, said: “This mechanism is an important tool to help our regions and communities meet the challenges of climate change. It will complement our toolkit to help people living in just transition regions develop new skills and create new businesses and jobs. It is very important that we can do this today, just a few days after the agreement on a climate law. By reducing the costs of the transition, we will help the EU as a whole to achieve the 2050 climate neutrality targets. I look forward to the final adoption of the regulation so that additional funds can be provided for a coherent transition and a new start for the affected regions and populations. The Commission welcomes the political agreement reached between the European Parliament and eu Member States in the Council on the InvestEU Regulation. The political agreement until the final adoption of the legal texts by the plenary of the European Parliament and the Council will lay the foundations for a successful and sustainable recovery of the European economy from the coronavirus pandemic in the long term.
The Commission welcomes today`s political agreement by the European Parliament and the Council on the Commission`s proposal for a new Public Sector Lending Facility (PSLF). All proposals from the Just Transition Mechanism (JTM) have therefore been approved and are still subject to final approval by the European Parliament and the Council. On 10 November 2020, a political agreement was reached between the European Parliament, the EU Member States in the Council and the Commission on the next long-term EU budget and NextGenerationEU. As a second step, the legal adoption of the MFF Regulation, the NextGenerationEU Regulation and the amendment of the Own Resources Decision are now urgently needed in the context of their respective tasks and procedures. The 9. In March 2021, the European Commission welcomes the European Parliament`s vote confirming the political agreement reached on InvestEU in December 2020. The Public Sector Lending Facility (PSLF) is one of the three pillars of the Just Transition Mechanism (JTM), which is part of the European Green Deal to achieve EU climate neutrality by 2050. The PSLF was proposed by the Commission on 28 May 2020. The other two pillars of the JTM are the JTF (on which the two co-legislators reached a political agreement in December 2020) and a specific just transition regime under InvestEU (agreed under the InvestEU Regulation) on 17 March 2021. The Council must now formally approve the agreement reached before the Presidents of the ECOFIN Council and the European Parliament can sign it. The Regulation will then be published in the Official Journal so that it can enter into force three days after its publication. Following the technical revision of the text, which reflects the political agreement, the European Parliament and the Council will have to approve the text in order for the Regulation to enter into force and for investEU to start its work.
The European Parliament on Tuesday confirmed the political agreement reached with the European Commission on InvestEU in December 2020. Paolo Gentiloni, Commissioner for Economic Affairs, said: “This is a good agreement that paves the way for more funding for sustainable infrastructure, research and innovation, SMEs and skills. InvestEU will contribute to Europe`s economic recovery, climate change and digital transformation. Crucially, Member States will be able to use InvestEU as a tool to implement their recovery and resilience plans. Following the technical revision of the text, which reflects the political agreement, the European Parliament and the Council must approve the text for the regulation to enter into force. At the same time, the FCJ regulation must be published in the Official Journal and the TJTP must be submitted to the Commission and adopted. The first calls for proposals under the Facility are expected to be published in the second half of 2021. The InvestEU Programme is expected to mobilise around €370 billion of investment, contributing to the recovery while ensuring that investors are strongly focused on the EU`s medium- and long-term policy priorities. The development of the TJTP is an essential condition for the programming and subsequent implementation of the JTF funds and the other pillars of the JTM.
Each Member State shall prepare them with relevant internal partners in dialogue with the Commission and ensuring their consistency with regional smart specialisation strategies and national energy and climate plans. The Commission will adopt the plans as well as the programmes that include the support of the JTF. Member States will be able to use the InvestEU Programme to implement their recovery and resilience plans under the Reconstruction and Resilience Facility. In addition, they will also be able to use part of their Structural Funds for InvestEU, thus complementing the provision of the EU guarantee. The programme is divided into four policy windows: To find out more about the current calls for proposals or Eurodiaconia funding events, do not hesitate to contact our Policy, Project and Research Manager Vera Nygard from vera.nygard@eurodiaconia.org and our Project Assistant Giorgia Signoretto in giorgia.signoretto@eurodiaconia.org. . The European Strategic Investment Window proposed by the Commission in May has been integrated with the other four policy areas that can support final beneficiaries whose activities are of strategic importance to the EU. With the implementation of the European Green Deal, the Facility will contribute to addressing the socio-economic challenges of the transition to climate neutrality in the most affected areas, as set out in the Territorial Plans for a Just Transition. It will complement the other two pillars of the Just Transition Mechanism, namely the Just Transition Fund (LIVER) and a specific Just Transition Programme under InvestEU.
B2EU Consulting can help private or public actors to access financial or legislative resources. Our consulting firm specialises in European funds and can help industries position themselves favourably for financial support and a smooth transaction in a greener future. The InvestEU Programme is in line with the EU`s overall objectives, such as the green and digital transformation and the search for a resilient industry in the European Union. As a result, it would add a new policy window for strategic investments to the four windows originally planned for its operations. The five policy areas would receive the following indicative allocations from the EU guarantee: the governance established for the InvestEU Programme will reflect the positive experience of the EFSI. More specifically, the Programme will be governed by: InvestEU will have a budgetary guarantee of €26.2 billion (in current prices), which will be indicatively distributed among the four policy areas as follows: The Parliament and the Council are expected to adopt the Programme in early 2021 following a review by legal-linguistic experts. . InvestEU is the EU`s flagship investment programme to boost the European economy. It is well placed to provide long-term funding and support the Union`s policies to overcome a deep economic and social crisis.
The InvestEU Programme builds on the success of the Investment Plan for Europe and the European Fund for Strategic Investments (EFSI). .