9 Amendments of Isabella DE MONTE related to 2018/0229(COD)
Amendment 23 #
Proposal for a regulation
Recital 1
Recital 1
(1) With 1.8% of EU GDP, down from 2.2% in 2009, infrastructure investment activities in the Union in 2016 were about 20% below investment rates before the global financial crisis, sometimes with serious consequences. Thus, while a recovery in investment-to-GDP ratios in the Union can be observed, it remains below what might be expected in a strong recovery period and is insufficient to compensate years of underinvestment. More importantly, the current investment levels and forecasts do not cover the Union’s structural investment needs in the face of technological change and global competitiveness, including for innovation, skills, infrastructure, small and medium- sized enterprises ('SMEs') and the need to address key societal challenges such as sustainability or population ageing. Consequently, continued support is necessary to address market failures and sub-optimal investment situations to reduce the investment gap in targeted sectors to achieve the Union's policy objectives.
Amendment 44 #
Proposal for a regulation
Recital 13
Recital 13
(13) Low infrastructure investment rates in the Union during the financial crisis undermined the Union's ability to boost sustainable growth, competitiveness and convergence. Sizeable investments in the European infrastructure are fundamental to meet the Union's sustainability targets, including the 2030 energy and climate targets. Accordingly, support from the InvestEU Fund should target investments into transport, energyangible transport infrastructure or energy infrastructure, including energy efficiency and renewable energy, environmental, climate action, or maritime and digital infrastructure. To maximise the impact and the value added of Union financing support, it is appropriate to promote a streamlined investment process enabling visibility of the project pipeline and consistency across relevant Union programmes. Bearing in mind security threats, investment projects receiving Union support should take into account principles for the protection of citizens in public spaces. This should be complementary to the efforts made by other Union funds such as the European Regional Development Fund providing support for security components of investments in public spaces, transport, energy and other critical infrastructure.
Amendment 48 #
Proposal for a regulation
Recital 15 a (new)
Recital 15 a (new)
(15a) Since digitalisation concerns tourism, this sector too should receive targeted support under the InvestEU Fund.
Amendment 55 #
Proposal for a regulation
Recital 21 a (new)
Recital 21 a (new)
(21a) The Fund should focus on cross- border projects specifically to encourage exchanges and lend European added value.
Amendment 56 #
Proposal for a regulation
Recital 24
Recital 24
(24) The EU guarantee underpinning the InvestEU Fund should be implemented indirectly by the Commission relying on implementing partners with outreach to final recipients. A guarantee agreement allocating guarantee capacity from the InvestEU Fund should be concluded by the Commission with each implementing partner, to support its financing and investment operations meeting the InvestEU Fund objectives and eligibility criteria. The InvestEU Fund should be provided with a specific governance structure to ensure the appropriate use of the EU guarantee but without generating an excessive administrative burden.
Amendment 62 #
Proposal for a regulation
Recital 36
Recital 36
(36) In order to ensure a wide and fair geographic outreach of the advisory services across the Union and to successfully leverage local knowledge about the InvestEU Fund, a local presence of the InvestEU Advisory Hub should be ensured, where neededespecially in areas performing poorest in the awarding of contracts, taking into account existing support schemes, with a view to provide tangible, proactive, tailor-made assistance on the ground.
Amendment 67 #
Proposal for a regulation
Recital 47
Recital 47
(47) The InvestEU Programme should address EU-wide market shortcomings and failures and sub- optimal investment situations and provide for Union-wide market testing of innovative financial products, and systems to spread them, for new or complex market failures. Therefore, action at Union level is warranted,
Amendment 85 #
Proposal for a regulation
Article 4 – paragraph 4
Article 4 – paragraph 4
4. The amount referred to in paragraph 3 may also be used for technical and administrative assistance for the implementation of the InvestEU Programme, such as information, training, preparatory, monitoring, control, audit and evaluation activities including corporate information technology systems.
Amendment 93 #
Proposal for a regulation
Article 7 – paragraph 1 – introductory part
Article 7 – paragraph 1 – introductory part
1. The InvestEU Fund shall operate through the following four policy windows that shall address market shortcomings or failures or sub- optimal investment situations within their specific scope: