22 Amendments of Laura AGEA related to 2018/0229(COD)
Amendment 140 #
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. 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 underinvestmentfiscal austerity which led to severe cuts in public investment and had strong contractionary effects on aggregate demand and GDP. More importantly, the current public and private 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 in the Union or in specific Member States to reduce the investment gap in targeted sectors to achieve the Union's policy objectives.
Amendment 152 #
Proposal for a regulation
Recital 3
Recital 3
(3) In the last years, the Union has adopted ambitious strategies to complete the Single Market and to stimulate sustainable and inclusive growth and jobs, such as the Capital Markets UnionEurope 2020 Strategy, the Digital Single Market Strategy, the Clean Energy for all Europeans package, the Union Action Plan for the Circular Economy, the Low- Emission Mobility Strategy, the Defence and the Space Strategy for Europe and the European Pillar of Social Rights. The InvestEU Fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing.
Amendment 173 #
(6) The InvestEU Fund should support investments in tangible and intangible assets to foster growth,sustainable and inclusive growth, long-term sustainable investment and quality employment, and therebywith the aim to contributing to improved well-being and, fairer income distribution and strengthened economic, social and territorial cohesion in the Union. Intervention through the InvestEU Fund should complement Union support delivered through grants.
Amendment 221 #
Proposal for a regulation
Recital 17
Recital 17
(17) As set out in the reflection paper on the social dimension of Europe16 and the European Pillar of Social Rights17 and the EU Framework on the UN Convention on the Rights of Persons with Disabilities, building a more inclusive and fairer Union is a key priority for the Union to tackle inequality and foster social inclusion policies in Europe. Inequality of opportunities affects in particular access to employment, education, training and health. Investment in the social, skills and human capital- related economy, as well as in the integration of vulnerable populations in the society, can enhance economic opportunities, especially if coordinated at Union level. The InvestEU Fund should be used to support investment in education and training, help increase employment, in particular among the unskilled and long- term unemployed, and improve the situation with regard to intergenerational solidarity, the health, sectorocial services, homelessness, digital inclusiveness, community development, the role and place of young people in society as well as vulnerable people, including third country nationals. The InvestEU Programme should also contribute to the support of European culture and creativity. To counter the profound transformations of societies in the Union and of the labour market in the coming decade, it is necessary to invest in human capital, microfinance, social enterpriseethical finance and newthe social economy business models, including social impact investment and social outcomes contracting. The InvestEU Programme should strengthen nascent social market eco-system, increasing the supply of and access to finance to micro- and social enterprises, to meet the demand of those who need it the most. The report of the High-Level Task- Force on Investing in Social Infrastructure in Europe18 has identified an investment gaps of at least 100-150 billion per year and a total gap of over EUR 1.5 trillion in the period between 2018 and 2030 in social infrastructure and services, both public and private, including for education, training, health and housing, which call for support, including at the Union level. Therefore, the collective power of public, commercial and philanthropicsocial capital, as well as support from foundaethical and social financial institutions, should be harnessed to support the social market value chain development and a more resilient Union. _________________ 16 COM(2017) 206. 17 COM(2017) 250. 18 Published as European Economy Discussion Paper 074 in January 2018.
Amendment 361 #
Proposal for a regulation
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
(b) the sustainabilprosperity of the Union economy and its growthsustainable development;
Amendment 365 #
Proposal for a regulation
Article 3 – paragraph 1 – point c
Article 3 – paragraph 1 – point c
(c) the social protection, resilience and inclusiveness ofsocial inclusion across the Union;
Amendment 368 #
Proposal for a regulation
Article 3 – paragraph 1 – point c a (new)
Article 3 – paragraph 1 – point c a (new)
(ca) the economic, territorial and social cohesion;
Amendment 395 #
Proposal for a regulation
Article 4 – paragraph 1 – subparagraph 2 a (new)
Article 4 – paragraph 1 – subparagraph 2 a (new)
Financial contributions by Member States under the Member State compartment, including contributions in the form of guarantees and cash or any contributions to investment platforms, shall be fully deducted from the relevant deficit targets of the Stability and Growth Pact.
Amendment 432 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – point b a (new)
Article 7 – paragraph 3 – subparagraph 2 – point b a (new)
Amendment 449 #
Proposal for a regulation
Article 7 a (new)
Article 7 a (new)
Article 7a Additionality For the purposes of this Regulation 'additionality' means the support by the InvestEU Fund to financing and investment operations which address market failures or sub-optimal investment situations and which could not have been carried out during the period in which the EU guarantee can be used, or not to the same extent, by implementing partners without the InvestEU Fund.
Amendment 474 #
Proposal for a regulation
Article 9 – paragraph 1
Article 9 – paragraph 1
1. Amounts allocated by a Member State under Article [10(1)] of Regulation [[CPR] number] or Article [75(1)] of Regulation [[CAP plan] numbMember States or regions of Member States may request to allocate a share of their resources of Funds under] shall be used forred management to the provisioning of the part of the EU guarantee under the Member State compartment covering financing and investment operations in the Member State concerned. for the benefit of the region concerned of the Member State. The resources reallocated shall be used to address market failures or sub-optimal investment situations in the territory or region concerned and deliver the same objectives of the programme from which the resources are to be transferred.
Amendment 549 #
Proposal for a regulation
Article 12 – paragraph 2 – point f a (new)
Article 12 – paragraph 2 – point f a (new)
(fa) facilitates and supports access to finance for small-scale projects;
Amendment 554 #
Proposal for a regulation
Article 12 – paragraph 3 – point b a (new)
Article 12 – paragraph 3 – point b a (new)
(ba) the capacity of implementing partners to integrate the analysis of environmental, social and governance factors in the evaluation of financing and investment operations;
Amendment 555 #
Proposal for a regulation
Article 12 – paragraph 3 – point b b (new)
Article 12 – paragraph 3 – point b b (new)
(bb) the capacity of implementing partners to effectively ensure transparency and public access to information concerning each financing and investment operations;
Amendment 556 #
Proposal for a regulation
Article 12 – paragraph 3 – point b c (new)
Article 12 – paragraph 3 – point b c (new)
(bc) for operations carried out under the sustainable infrastructure policy window, the past experience of implementing partners in the sectors of social economy and microfinance;
Amendment 585 #
Proposal for a regulation
Article 17 – paragraph 4 – subparagraph 3 b (new)
Article 17 – paragraph 4 – subparagraph 3 b (new)
The Advisory Board shall regularly organise a consultation of relevant stakeholders, in particular representatives of civil society, social partners, public authorities, co-investors, independent experts and education, training and research institutions to discuss the strategic orientation and implementation of the investment policy carried out under this Regulation.
Amendment 591 #
Proposal for a regulation
Article 17 – paragraph 5 a (new)
Article 17 – paragraph 5 a (new)
5a. The detailed minutes of the meetings of the Advisory Board shall be made publicly available on a dedicated webpage.
Amendment 672 #
Proposal for a regulation
Article 19 – paragraph 5 – subparagraph 2
Article 19 – paragraph 5 – subparagraph 2
Conclusions of the Investment Committee approving the support of the EU guarantee to a financing or investment operation shall be publicly accessible and shall include the rationale for the approval. The publication shall not contain commercially sensitive information. Conclusions leading to refusing the support of the EU guarantee shall be made available to the concerned implementing partner.
Amendment 693 #
Proposal for a regulation
Article 20 – paragraph 2 – point e
Article 20 – paragraph 2 – point e
(e) providing proactive advisory support on the establishment of investment platforms, in particular cross-border investment platforms involving several Member Statesbundling small and medium- size projects in one or more Member States by theme or by region;
Amendment 700 #
Proposal for a regulation
Article 20 – paragraph 4
Article 20 – paragraph 4
4. Fees may be charged for the services referred to in paragraph 2 to cover part of the costs for providing those services, except for the services provided to public project promoters and non-profit organisations, which shall be free of charge. Fees charged for the technical assistance to SMEs shall be capped at one third of the effective cost of the services provided to them.
Amendment 782 #
Proposal for a regulation
Annex II – paragraph 1 – point 2 – point e a (new)
Annex II – paragraph 1 – point 2 – point e a (new)
(ea) maintenance, repair, rehabilitation or upgrade of existing infrastructures in transport and energy sectors to improve their safety as well as their resilience against anticipated climate and extreme weather events;
Amendment 785 #
Proposal for a regulation
Annex II – paragraph 1 – point 2 a (new)
Annex II – paragraph 1 – point 2 a (new)
2a. InvestEU support to carbon- intensive infrastructures, such as motorways and airports, and nuclear energy, shall be avoided, unless directly targeted to climate change mitigation and adaptation or to the maintenance and safety of existing infrastructures.