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Thursday, February 22, 2024

InvestEU Programme: The EU’s New Investment Support Scheme [EU Legislation In Progress]

The InvestEU programme is a single investment support mechanism for the 2021-2027 period. It would bring together various EU financial instruments for internal policies that are currently supported by different funds and programmes of the EU budget.

In May 2020, the European Commission put forward a revised proposal for InvestEU, reflecting a partial agreement reached by Parliament and Council in 2019 and incorporating new elements to take account of the impact of the coronavirus crisis.

On 4 November 2020, the Council adopted its partial mandate for the interinstitutional negotiations. Parliament adopted a mandate for negotiations during the November I 2020 plenary part-session. The structuring of InvestEU in policy windows and its contribution to the European Green Deal and a just transition are among the points to be agreed by the co-legislators.

The financial envelope of the programme depends on the outcome of the negotiations on the EU’s next multiannual financial framework.

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