EPP delivers: 60 billion Euro simpler investment with less bureaucracy

Leading EPP Group MEPs welcome tonight's agreement between the European Parliament and EU Member States for a stronger, smarter and more effective InvestEU loan programme to boost investment, drive innovation, and strengthen Europe's competitiveness.

“This agreement ensures that InvestEU will continue uninterrupted as one of the EU’s most successful programmes. We have safeguarded continuity and stability for businesses and investors alike,” said Aura Salla MEP, the Chief Negotiator for the Investment Omnibus in the Budgets Committee. “With 1.2 billion Euro in additional guarantees, we are enabling up to 60 billion Euro in new investments and thus injecting fresh momentum into Europe’s economy, boosting competitiveness, and supporting SMEs and innovators through projects across the Union.”

Markus Ferber MEP, EPP Group’s Negotiator for the Investment Omnibus in the Economic and Financial Affairs Committee, emphasised: “InvestEU has proven its worth. Today, we are giving the engine more horsepower and removing unnecessary weight. Each euro from the EU budget crowds in several more from private investors. That makes it worthwhile to top up the programme. The extra guarantee is fully financed from reflows; no fresh money is needed, keeping the EU budget intact while boosting market confidence.”

“The EPP Group has fought hard for an InvestEU that is more accessible, efficient, and impactful. Today’s deal proves that responsible investment and reduced red tape go hand-in-hand,” Salla added. “InvestEU is a flagship for Europe’s competitiveness. This agreement shows that the Parliament stands for practical solutions and EU programmes that deliver real results.”

“The Investment Omnibus is also part of the EU’s simplification agenda. We have fewer forms and more deals. We are cutting red tape, not corners. Fewer indicators, fewer reports, and a clearer definition of small companies will save businesses real money and will ensure that projects get implemented more quickly,” Ferber concluded.