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Tuesday, 9 March 2021 - Brussels Provisional edition

InvestEU programme (debate)

  Frances Fitzgerald, rapporteur for the opinion of the Committee on Women's Rights and Gender Equality. – Madam President, now, more than ever, we need to support our businesses. I am glad that the InvestEU agreement recognises those companies that are at risk of insolvency due to the COVID-19 crisis. Up to 400 billion can be mobilised with InvestEU. This will be a game—changer for SMEs and businesses most at risk and for our cultural and creative sectors, as we’ve heard.

Yet while InvestEU’s goal is to primarily support SMEs, it also has the potential to build gender equality and invest in women’s economic empowerment, a critical issue in the recovery. It can help close the gender gap, fostering female creativity and entrepreneurial potential, and supporting the development of care infrastructure and an infrastructure for victims of violence.

Public and private, as we’ve heard, must work together. This twin approach will drive competition and innovation and a jobs-driven recovery. Let’s build back better and adapt our economies to a more green, digital and, of course, inclusive future. Parliament has ensured that InvestEU contributes to achieving the target of spending at least 30% of EU funds on climate objectives.

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