Connect with us

European Commission

Commission welcomes political agreement to simplify and strengthen EU innovation and investment

SHARE:

Published

2 months ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

The European Commission welcomes the political agreement between the European Parliament and the Council on the ‘Omnibus' package to simplify EU investment programmes. 

Proposed by the Commission in February 2025, the package strengthens InvestEU, the EU's flagship investment instrument, by increasing the EU guarantee by €2.9 billion – unlocking nearly €55bn in additional public and private investments, and allocating additional €40 million to the InvestEU Advisory Hub. Almost 40% of InvestEU operations already contribute to climate action, and the enhanced guarantee will further support projects under the Competitiveness Compass and the Clean Industrial Deal. The reform will also provide more efficient procedures for applicants and businesses, cutting red tape so they can focus on growing and creating quality jobs across Europe.

The agreement will boost EU investment capacity by reinvesting returns from past operations, make it easier for member states to channel additional resources into InvestEU, provide extra support through the InvestEU Advisory Hub to help develop quality investment projects, and reduce administrative burden, with simplified reporting expected to save up to €350 million in costs. With these changes, InvestEU will mobilise fresh investment, driving competitiveness, research, innovation, decarbonisation, sustainability and skills. By leveraging both private and public funds, InvestEU is a cornerstone of the EU's long-term strategy for growth. It underpins Europe's twin transitions – green and digital – while reinforcing economic resilience and opportunities for businesses and citizens alike.

Share this article:

Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending