Briefing 
 

MEPs want to channel funds towards long-term European investment 

Parliament votes on Wednesday on rules to create European Long-Term Investment Funds (ELTIFs) designed to benefit the real economy and society by channelling non-bank funds into long-term projects to deliver infrastructure, intellectual property or research results.

ELTIFs are vehicles designed to boost non-bank investment in the real economy across the EU and outside it, provided these projects benefit the EU economy and spur growth. Their regulated structure, uniform rules and stable returns should help to attract the savings of both individual and professional investors to finance long-term investments in the European Union including those envisaged in the so-called Juncker plan.


ELTIFs will channel public and private funds only into long-term projects unlikely to return a quick profit. However, they should drive long-run growth by delivering infrastructure, machinery and equipment and education and research results, and by fostering the growth of small and medium-sized enterprises (SMEs).

 

Next steps


After the plenary vote, the rules, which have been already been informally approved by the member states, must be officially endorsed by the Council.

 

Procedure: Co-decision (Ordinary Legislative Procedure), 1st reading agreement

2013/0214(COD)

Debate: Tuesday, 10 March

Vote: Wednesday, 11 March

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