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Commission welcomes European Parliament's approval of InvestEU

The European Commission welcomed the European Parliament's vote on 9 March, confirming the political agreement on InvestEU reached in December 2020.

date:  11/03/2021

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The InvestEU Programme  (check here the new website) will provide and attract long-term funding in line with EU policies and contribute to the recovery from a deep economic and social crisis, as well as help the EU meet the twin objectives of the green transition and the digital transformation. Through an EU budget guarantee, the InvestEU programme will leverage substantial private and public funds to support investments and create jobs, building on the successful implementation of the European Fund for Strategic Investments (EFSI). InvestEU will have a budgetary guarantee of €26.2 billion funded from NextGenerationEU resources and the Multiannual Financial Framework. The overall investment to be mobilised on this basis is estimated at more than €372 billion across the EU, of which 30% will contribute to climate objectives. The programme will be structured around four policy windows: Sustainable Infrastructure; Research, Innovation and Digitisation; SMEs; and Social Investment and Skills.