Mercado Interior, Industria, Emprendimiento y Pymes

InvestEU

InvestEU

Why is it relevant to tourism?

Tourism, and consequently all actors involved in the field, are under unprecedented pressure because of the COVID-19 pandemic. The contraction is especially challenging for SMEs and family businesses. Therefore, the InvestEU programme will promote investments to strengthen tourism’s competitiveness, sustainability, and value chains. It will facilitate sustainable, innovative and digital measures, which could help reduce the sector’s climate and environmental footprint.

Overview of tourism-related components

N/A

Details of the programme

InvestEU is an investment programme that brings together several EU financial instruments for internal policies under one roof. It is a programme aiming to support viable investments that will help the EU in the recovery from the economic crisis with long-term funding.

The guarantee under InvestEU amounts to €26.2 billion and it aims to mobilise, through private and public funding, more than €372 billion of additional investments before 2027. InvestEU is composed of the InvestEU Fund, the InvestEU Advisory Hub, which provides technical support and assistance for projects, and, finally, the InvestEU Portal, which provides a database of investment opportunities available in the EU.

The InvestEU Fund is a market-based and demand-led, but also a policy-driven instrument. Investments are managed and implemented in four categories

  1. Sustainable infrastructure
  2. Research, innovation and digitalisation
  3. SMEs
  4. Social investment and skills

Additional information and how to apply

Examples of supported projects

Project Title: Banca del Mezzogiorno MedioCredito Centrale case study: Argentina Residenza (Italy)

Hospitality Sector

Description: In the context of a recent renovation of the Argentina-style hotel,  EU funding contributed to the construction of a new wing, a new multi-purpose room (breakfast room and lounge) with new multimedia technology, and three new suites with circular whirlpool tubs. The renovations also precipitated the expansion of the team with five new employees.

EU contribution: n/a (loan)

Level of EU funding: n/a

Link to project: Banca del Mezzogiorno MedioCredito Centrale case study (eif.org)

Project Title: Banca del Mezzogiorno case study: Il Mondo di Bua (Italy)

Food & Beverage

Description: The owner of the restaurant decided to restructure the electrical, hydraulic and heating infrastructure, as energy consumption was the largest expense. With the EU funding, Il Mondo di Bua replaced traditional lamps with LED lighting, installed a photovoltaic system for electricity production, and introduced a more energy-efficient oven as well as a multi-fuel boiler, with higher energy and environmental efficiency. The company now saves approximately €60,000 in energy costs and 34 000kg in CO² emissions per year.

EU contribution: n/a (loan)

Level of EU funding: n/a

Link to project: Banca del Mezzogiorno case study: Il Mondo di Bua (Italy), food & beverage (eif.org)

Database of examples

Not (yet) available