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InvestEU Programme takes further shape

The implementation of the new InvestEU Programme, triggering a wave of investments innovation and job creation in Europe over the period 2021-27, is on its way.

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European Union

date:  20/05/2021

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The InvestEU’s climate and environmental tracking guidance was recently published, adding to the previously published sustainability proofing guidance. The Commission in collaboration with experts from potential implementing partners developed both guidance documents. The guidance will help InvestEU to support sustainable investments in all sectors of the economy and will contribute to the dissemination of sustainable practices among private and public investors. In terms of InvestEU Governance, the Commission published a call for applications for the Investment Committee, which was open until 17 May. The Investment Committee, consisting of 12 independent experts, will play a central role in the InvestEU programme, being responsible for examining proposed financing and investment operations for the InvestEU Fund. The Commission also launched the first Calls for Expression of Interest for the InvestEU Fund and the InvestEU Advisory Hub. Eligible institutions and entities have been invited to become an implementing or advisory partner under the InvestEU. In addition to the EIB Group, partners can provide finance or advisory support for investments in sustainable infrastructure, research, innovation and digitization, as well as to support increased access to financing for SMEs and the deployment of social projects. Interested parties can apply to the European Commission either by 30 June or 1 by October 2021. The first meeting of the InvestEU Advisory Board already took place on 29 April. The Advisory Board will advise the Commission and the InvestEU Steering board on the implementation and functioning of the InvestEU Programme including the design of financial products to be implemented, as well as on market developments and sub-optimal investment conditions. The Board is composed of representatives from the Commission, the EIB Group, each EU country, (potential) implementing partner and advisory partner, the European Economic and Social Committee and the Committee of the Regions. The results of the meetings will be published on the InvestEU website.