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Economic and Social Policies, EU Financing / Budgetary Affairs, PUBLICATIONS

InvestEU programme: The EU’s new investment support scheme [EU Legislation in Progress]

Written by Alessandro D’Alfonso (1st edition),

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The InvestEU programme is a single investment support mechanism for the 2021-2027 period. It would bring together various EU financial instruments for internal policies that are currently supported by different funds and programmes of the EU budget. In May 2020, the European Commission put forward a revised proposal for InvestEU, reflecting a partial agreement reached by Parliament and Council in 2019 and incorporating new elements to take account of the impact of the coronavirus crisis. On 4 November 2020, the Council adopted its partial mandate for the interinstitutional negotiations. Parliament adopted a mandate for negotiations during the November I 2020 plenary part-session. The structuring of InvestEU in policy windows and its contribution to the European Green Deal and a just transition are among the points to be agreed by the co-legislators. The financial envelope of the programme depends on the outcome of the negotiations on the EU’s next multiannual financial framework.

Complete version

Proposal for a regulation of the European Parliament and of the Council establishing the InvestEU programme
Committee responsible: Budgets (BUDG) and Economic and Monetary Affairs (ECON) – jointly under Rule 58 COM(2020) 403
Rapporteurs: José Manuel Fernandes (EPP, Portugal) and Irene Tinagli (S&D, Italy) 2020/0108(COD)
Shadow rapporteurs: Enikő Győri (EPP, Hungary); Eider Gardiazabal Rubial (S&D, Spain); Ondřej Kovařík (Renew, Czechia); Nils Torvalds (Renew, Finland); Valentino Grant (ID, Italy); Joachim Kuhs (ID, Germany); Kira Marie Peter-Hansen (Greens/EFA, Denmark); Monika Vana (Greens/EFA, Austria); Bogdan Rzońca (ECR, Poland); Johan Van Overtveldt (ECR, Belgium); Petros Kokkalis (GUE/NGL, Greece); Dimitrios Papadimoulis (GUE/NGL, Greece) Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’)
Next steps expected: Trilogue negotiations

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