MEPs to vote on InvestEU programme for strategic and innovative investments
Parliament is set to adopt the new InvestEU programme, which will mobilise public and private investments and guarantees simplified access to financing.
The debate and vote will take place on Tuesday, with results announced the same day at 19.00.
With €26 billion (in current prices) set aside in the EU budget as a guarantee, InvestEU is expected to mobilise €400 billion to be invested across the European Union for 2021-27.
The programme, which was provisionally agreed in December, aims to boost strategic investments into manufacturing pharmaceuticals, medical devices and supplies as well as the production of Information and Communication Technology, components and devices in the EU. Additionally, EP negotiators from the Budgetary and Economic and Monetary Affairs committees ensured that capital support will be provided to SMEs that have been negatively affected by the crisis caused by the pandemic.
InvestEU, which is a part of the €750 billion Next Generation EU recovery package, will also contribute to financing sustainable projects that can prove they make a positive environmental, climate and social impact.
Procedure: ordinary legislative procedure, first reading agreement
Debate, vote and results: Tuesday, 9 March