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Investment Plan for Europe

Vice-President Katainen and Commissioner Moedas promote the investEU and Horizon 2020 in Portugal

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Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, and Commissioner Carlos Moedas, responsible for Research, Science and Innovation, are in Lisbon today to promote the Investment Plan for Europe and the Horizon 2020 research funding programme.

The Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, and Commissioner Carlos Moedas, responsible for Research, Science and Innovation met with  Portuguese political leaders, small and medium sized enterprises (SMEs), investors and students.

Vice-President Katainen said: "Following last week´s great news from the Council, agreeing the Regulation for a European Fund for Strategic Investments, and a fourth Member State pledging to contribute, the ball is now rolling for the Investment Plan."

Commissioner Moedas said: "I am glad to be in Lisbon to present a plan that can benefit Portugal and Portuguese investment, reinforcing the country´s recovery. Portugal is definitely on the right track, but more investment is needed, particularly in research and innovation projects."

The Investment Plan for Europe will mobilise public and private investments of at least €315 billion over the next three years (2015-2017). During the roadshow Vice-President Katainen will explain why the EU needs an Investment Plan, where the money comes from and which projects will be supported. He will outline how France can benefit from the Plan and how private investors can participate in the new European Fund for Strategic Investments (EFSI).

Each Roadshow visit promotes the three elements of the Investment Plan for Europe:

(1) Mobilising Investment Finance. The Commission adopted the legislative proposal for the EFSI on 13 January. With strong political will from all EU institutions, the aim is to adopt the draft EFSI regulation by summer 2015 so that the EFSI can be established no later than September 2015 and funds can start flowing by the autumn.

(2) The new Project Pipeline. A portal on European Investment opportunities will be created to provide transparency to investors. A new technical assistance hub will help to ensure that projects are well-structured and comply with regulatory requirements.

(3) Regulatory reforms. The Commission is working to remove regulatory barriers to investment and strengthen the Single Market as set out in the Commission´s 2015 Work Programme. As a first important step in the context of removing barriers and increasing access to finance, notably for SMEs, the Commission adopted on 18 February a Green Paper on the Capital Markets Union launching a public consultation of all stakeholders.

Next stops:

  • Cyprus on 22-23 March
  • The Netherlands 14 April
  • Bulgaria 16 April
  • Hungary 17 April

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