19 Amendments of Nicola DANTI related to 2015/0009(COD)
Amendment 12 #
Proposal for a regulation
Recital 1
Recital 1
(1) The economic and financial crisis has led to a lowering of the level of investments within the Union. Investment has fallen by approximately 15% since its peak in 2007. The Union suffers in particular from a lack of investment as a consequence of market uncertainty regarding the economic future and the fiscal constraints on Member States. This lack of investment slows economic recovery and negatively affects job creation, long-term growth prospects and competitivenessinternal and external competitiveness. Investment is a crucial component that will not only stimulate rapid economic and social recovery from the crisis, but also stimulate the creation of more and better jobs across the EU.
Amendment 19 #
Proposal for a regulation
Recital 10
Recital 10
(10) The purpose of the EFSI should be to help resolve the difficulties in financing and implementing productive investments in the Union, to overcome the current investments gap among Member States and to ensure increased access to financing. It is intended that increased access to financing should be of particular benefit to small and medium enterprises, notably innovative companies and start-ups. It is also appropriate to extend the benefit of such increased access to financing to mid- cap companies, which are companies having up to 3000 employees. Overcoming Europe's current investment difficulties should contribute to strengthening the Union's internal and external competitiveness, innovation potential, and economic, social and territorial cohesion.
Amendment 21 #
Proposal for a regulation
Recital 11
Recital 11
(11) The EFSI should support strategic investments with high economic value addeand social value added, promoting quality jobs and innovation, integrating and completing the Single Market, boosting the competitiveness of the EU and contributing to achieving Union policy objectives.
Amendment 25 #
Proposal for a regulation
Recital 14
Recital 14
(14) The EFSI should target projects delivering high societal and economic added value. In particular, the EFSI should target projects that promote job creation, sustainable and long- term growth and competitiveness, internal and external competitiveness and innovation, particularly in the fields of the Digital Single Market, digital public administrations and public procurement. The EFSI should support a wide range of financial products, including equity, debt or guarantees, to best accommodate the needs of the individual project. This wide range of products should allow the EFSI to adapt to market needs whilst encouraging private investment in the projects. The EFSI should not be a substitute for private market finance but should instead catalyse private finance by addressing market failures so as to ensure the most effective and strategic use of public money. The requirement for consistency with State aid principles should contribute to such effective and strategic use.
Amendment 28 #
Proposal for a regulation
Recital 17
Recital 17
(17) Decisions on the use of the EFSI support for infrastructure and large mid- cap projects should be made by an Investment Committee. The Investment Committee should be composed of independent experts who are knowledgeable and experienced in the areas of investment projects in the sectorial domains specified in this Regulation. The Investment Committee should be accountable to a Steering Board of the EFSI, who should supervise the fulfilment of the EFSI's objectives. To effectively benefit from the experience of the EIF, the EFSI should support funding to the EIF to allow the EIF to undertake individual projects in the areas of small and medium enterprises and small mid-cap companies.
Amendment 31 #
Proposal for a regulation
Recital 20
Recital 20
(20) At the level of projects, third parties may co-finance together with EFSI on a project-by-project basis or in investment platforms related to specific geographic or thematic sectors. Special attention should be given to dedicated investment platforms that focus on high economic and social added value, as well as investment platforms which aggregate small-scale sustainable and innovative projects.
Amendment 40 #
Proposal for a regulation
Article 1 – paragraph 1 – subparagraph 2
Article 1 – paragraph 1 – subparagraph 2
The purpose of the EFSI shall be to support investments in the Union conducive to competitive and sustainable growth with a view to overcoming the investment gap among the Member States and to ensure increased access to financing for companies having up to 3000 employees, with a particular focus on small and medium enterprises as well as innovative enterprises and start-ups, through the supply of risk bearing capacity to the EIB ('EFSI Agreement').
Amendment 48 #
Proposal for a regulation
Article 1 – paragraph 2
Article 1 – paragraph 2
2. The EFSI Agreement shall be open to accession by Member States. Subject to the consent of existing contributors, the EFSI Agreement shall also be open to accession by other third parties, including national promotional banks or public agencies owned or controlled by Member States, dedicated investment platforms and private sector entities.
Amendment 49 #
Proposal for a regulation
Article 2 – paragraph 1 – subparagraph 1 – point g
Article 2 – paragraph 1 – subparagraph 1 – point g
(g) requirements governing the use of the EU guarantee, including within specific time frames, key projects and fields of financing set out in Article 5(2), and key performance indicators;
Amendment 51 #
Proposal for a regulation
Article 2 – paragraph 2 – subparagraph 1
Article 2 – paragraph 2 – subparagraph 1
The EFSI Agreement shall provide for the creation of a European Investment Advisory Hub ('EIAH') within the EIB. The EIAH shall have as its objective to build upon existing EIB and Commission advisory services in order to provide advisory support for investment project identification, preparation and development and act as a single technical advisory hub for project financing within the Union. This shall include support on the use of technical assistance for project structuring, use of innovative financial instruments, use of public-private partnerships and advice, as appropriate, on relevant issuefields and areas of EU legislation and policies with particular relevance for the objectives set out in Article 5(2).
Amendment 65 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point a
Article 5 – paragraph 2 – subparagraph 1 – point a
(a) development of infrastructurethe Single Market and its infrastructures, especially with regard to all its digital and IT components, including in the areas of transport, particularly in industrial centres; energy, in particular energy interconnections; and digital infrastructure with the purpose of minimising the urban-rural divide;
Amendment 70 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point b
Article 5 – paragraph 2 – subparagraph 1 – point b
(b) investment in education and training, digital skills, training and literacy, culture, health, research and development, information and communications technology and innovation;
Amendment 72 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point c
Article 5 – paragraph 2 – subparagraph 1 – point c
(c) expansion of renewable energy and energy and resource efficiency and of innovative, qualitative and sustainable public procurement;
Amendment 73 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point d
Article 5 – paragraph 2 – subparagraph 1 – point d
(d) infrastructure and innovation projects in the Digital Single Market, digital public administrations and public procurement, the environmental, natural resources, urban development and social fields;
Amendment 79 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 2 a (new)
Article 5 – paragraph 2 – subparagraph 2 a (new)
The EFSI shall target projects with a higher risk profile than existing EIB and Union instruments so as to ensure additionality over existing operations. The EFSI shall support projects which pursue the Union objective of smart, sustainable, long-term and inclusive growth within a competitive Single Market, having EU added-value and high social value, the highest possible positive impact on Single Market integration and completion, economic convergence and the creation of quality jobs.
Amendment 83 #
Proposal for a regulation
Article 9 – paragraph 1
Article 9 – paragraph 1
1. The Commission and the EIB, with support from the Member States, shall promote the creation ofestablish a transparent pipeline of current and potential future investment projects in the Union. The pipeline is without prejudice to the final projects selected for support according to Article 3(5).
Amendment 84 #
Proposal for a regulation
Article 9 – paragraph 2
Article 9 – paragraph 2
2. The Commission and the EIB shall develop, update and disseminate, on a regular, transparent and structured basis, information on current and future investments which significantly contribute to achieving EU policy objectives.
Amendment 86 #
Proposal for a regulation
Article 9 – paragraph 3
Article 9 – paragraph 3
3. Member States shall develop, update and disseminate, on a regular, transparent and structured basis, information on current and future investment projects in their territory.
Amendment 87 #
Proposal for a regulation
Article 10 – paragraph 2 – point d
Article 10 – paragraph 2 – point d
(d) an assessment of the quality and effectiveness of EIB financing and investment operations;