InvestEU is one of the programmes of the next EU budget (2021-2027). It is both a policy instrument and a delivery tool:
The programme consists of three pillars: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. Since the start of 2018, EVPA has been closely following the InvestEU negotiations, focusing on the InvestEU Fund and Advisory Hub.
Through the InvestEU Fund, the European Commission will provide an EU guarantee of €26.2 billion, divided into four windows which define the policy areas that InvestEU supports:
EVPA sees the “Social Investment and Skills” window as very promising for the development of the social finance sector. This window will target investments in social enterprises, microfinance, training, social housing, social innovation, integration of migrants and other sectors within the social sphere.
75% of the EU guarantee will be deployed through the EIB Group, the remaining 25% is open to other implementing partners, such as national promotional banks and institutions (NPBIs). This should ensure that also smaller projects will be eligible for funding and that the investments take into account local and sectoral specificities.
The InvestEU scheme is one of the 3 pillars of the Just Transition Mechanism , which aims to mobilise private investment to contribute to a social, fair and just transition while reaching the EU goals for climate neutrality.
30% of the InvestEU operations contribute towards climate objectives, as well as 60% of the Sustainable Infrastructure Window operations contribute towards climate and environment targets.
Source: European Commission, Just Transition Mechanism
The InvestEU Advisory Hub will ensure that funds are used most efficiently and that financial instruments are adapted to local and regional needs. The advisory support will be delivered along the four policy windows of the InvestEU Fund, and it will also have a cross-sectoral component to cover horizontal needs.
The advisory services will be available to public and private project promoters, as well as financial and other intermediaries that take care of the implementation of financing and investment operations. They will cover three lines of support:
75% of the EU advisory envelope will be allocated to the EIB. The remaining 25% will be divided among:
The main principles of the advisory services is that they ensure local and sectoral outreach, and cover all Member States, with the notion that Member States with a comprehensive market gap will receive more advisory services.
In 2021 EVPA strengthened its relationship with the European investment Bank (EIB) thanks to a one-year partnership under the Advisory Platform for Social Outcomes Contracting (SOC ). This initiative is part of the activities performed by the EIB Advisory Hub. Read more about it here.
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