MEPs voted this week to confirm the political agreement for the new InvestEU Programme. This will provide the EU with crucial long-term funding, crowding in private investment, in support of the recovery and helping build a greener, more digital and more resilient European economy.
InvestEU will provide and attract long-term funding for: Sustainable Infrastructure; Research, Innovation and Digitisation; SMEs; Social Investment and Skills. It will have a budgetary guarantee of €26.2 billion funded from NextGenerationEU resources and the Multiannual Financial Framework. The overall investment to be mobilised on this basis is estimated at more than €372 billion across the EU, of which 30% will contribute to climate objectives.