Overseas Countries
and Territories Association
Overseas Countries
and Territories Association
On Tuesday, 9 March, the European Parliament approved by a strong majority the interinstitutional agreement on the regulation establishing the InvestEU Programme designed to boost investment in the European Union.
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 from 2021 to 2027.
The InvestEU Programme builds on the model of the Investment Plan for Europe for 2015-2020, the Juncker Plan, and 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.
The additional investment across the European Union, expected to amount to €400 billion and the EU guarantee will be allotted to the following policy objectives:
For more information: https://www.europarl.europa.eu/news/en/press-room/20210304IPR99206/parliament-adopts-investeu-programme-for-strategic-and-innovative-investments
To see the regulation: https://www.europarl.europa.eu/doceo/document/A-9-2020-0203_EN.html