Investing €650 billion in a booming future: S&Ds in the lead for positive change in Europe
Date
21 Mar 2019
Sections
Euro & Finance
Yesterday S&D MEP Roberto Gualtieri achieved as lead negotiator for the European Parliament, a positive result for more investments in jobs and sustainable growth in Europe. The kick-off of the new investEU tool will be January 2021.
Roberto Gualtieri, chair of the economic and monetary affairs committee and lead negotiator on investEU, said:
“With investEU we are shaping the future of the EU towards more investments to support small and medium-sized enterprises (SMEs), as well as local projects. The programme is a key partnership between the European Commission, the European Investment Bank (EIB) and the national promotional banks.
“The S&D Group was the frontrunner to link the investEU tool with a strong incentive to support Environmental, Social and Governance (ESG) projects, promoting culture, and in ensuring ethical and sustainable finance.
“This investment programme can also be seen as a measure against populism and the negative narrative against Europe. We will ensure to make the investEU projects visible to the citizens with a progressive approach and a move for a positive change for Europe.”
Note to the editors:
InvestEU will run between 2021 and 2027 and it builds on the European Fund for Strategic Investments (EFSI) by providing an EU budget guarantee to support investment and access to finance in the EU. InvestEU aims to trigger €650 billion in additional investment to support investments in sustainable infrastructure, research, innovation and digitisation, SMEs and in social investment and skills.