InvestEU is playing a key role in making the EU more sustainable and competitive

The Commission has presented the mid-term evaluation of InvestEU, the EU’s flagship investment programme to facilitate better access to finance for businesses across Europe, in support of common priorities.

Halfway through its duration, InvestEU has already unlocked ¤218 billion in additional investment, and 90% of the EU guarantee has been allocated. The programme consists of three components: the InvestEU Fund, the InvestEU Portal and the InvestEU Advisory Centre.

The mid-term evaluation confirms the key role of the programme in filling investment gaps in the EU’s strategic priorities and mobilising public and private investments. InvestEU has provided strong support to the EU economy through a wide range of financial and advisory solutions in all major EU policy areas, such as investments in renewable energy production, clean industrial manufacturing and competitiveness of small and medium-sized enterprises (SMEs). It has also shown flexibility in response to various crises, addressing emerging strategic priorities and investment needs.

Valdis Dombrovskis, European Commission Executive Vice-President for a People-Centred Economy, said: “InvestEU has already proven to be very effective in addressing investment gaps and mobilising public and private investments that boost our competitiveness and growth, promoting innovation and job creation across the EU. This programme brings added value in achieving our objectives by fostering the digital and green transitions, while its flexibility allows us to respond quickly to new and emerging challenges. By aligning private investment with EU policy priorities, InvestEU brings high European added value and maximises the impact of EU taxpayers’ money for the benefit of our businesses and citizens. 

Paolo Gentiloni, European Commissioner for Economic Affairs, said: “The mid-term review shows that InvestEU has boosted investment, innovation and job creation across Europe, in particular in the context of the green and digital transition. With €218 billion of public and private investment already mobilised by the end of 2023, we are on track to reach our additional investment target of €372 billion by 2026. The success of InvestEU underlines the need to further strengthen and expand this initiative to leverage public and private investment and support our common goals”. 

The InvestEU Regulation requires the Commission to submit to the European Parliament and the Council an interim evaluation of the implementation of the programme. The evaluation covers the results until 31 December 2023.

More information: European Commission