34 Amendments of Seán KELLY related to 2018/0229(COD)
Amendment 61 #
Proposal for a regulation
Recital 5
Recital 5
(5) The InvestEU Fund should contribute to improving the competitiveness of the Union, including in the field of innovation and digitisation, the sustainability of the Union's economic growth, the social resilience and inclusiveness and the integration of the Union capital markets, including solutions addressing their fragmentation and diversifying sources of financing for the Union enterprises. To that end, it should support projects that are technically and economically viable by providing a framework for the use of debt, risk sharing and equity instruments underpinned by a guarantee from the Union's budget and by contributions from implementing partners. It should be demand-driven while support under the InvestEU Fund should at the same time focus on contributing to meeting policy objectives of the Union and have a particularly strong focus on greatly enhancing access to finance for SMEs.
Amendment 64 #
Proposal for a regulation
Recital 5 b (new)
Recital 5 b (new)
(5b) The various debt and equity products offered under InvestEU and its thematic windows must cover a large spectrum of risk, including very high risks in particular in the RDI and Digitisation and SMEs windows, as it was the case under Horizon 2020 InnovFin.
Amendment 77 #
Proposal for a regulation
Recital 9 a (new)
Recital 9 a (new)
(9a) With regard to cost of capital of renewable energy projects, the InvestEU Fund should allow for the use of an innovative guarantee instrument to reduce regulatory risk and associated high cost of capital in some Member States. This possibility should be open on a voluntary basis. To achieve this objective, the InvestEU Fund should contribute where appropriate to the enabling framework for investment into renewable energy as set out in Art 3.5 of the [revised Renewables Directive], including the financing mechanism established by Article 27bis of the [Governance Regulation].
Amendment 78 #
Proposal for a regulation
Recital 10
Recital 10
(10) The contribution of the InvestEU Fund to the achievement of the climate target will be tracked through an EU climate tracking system developed by the Commission in cooperation with implementing partners and using in an appropriate way the criteria established by [Regulation on the establishment of a framework to facilitate sustainable investment14 ] for determining whether an economic activity is environmentally sustainable. _________________ 14The InvestEU Programme will also contribute to implementing other dimensions of the Sustainable Development Goals (SDGs) in line with the Communication on the next steps for a sustainable European future which aims to mainstream the SDGs into EU policies and initiatives, with sustainable development as an essential guiding principle for all its policies. _________________ 14 COM(2018)353. COM(2018)353.
Amendment 97 #
Proposal for a regulation
Recital 14 a (new)
Recital 14 a (new)
(14a) To provide the best possible advice to InvestEU beneficiaries, as well as to support synergies with Horizon Europe, services provided by the EIB InnovFin Advisory should be strengthened.
Amendment 119 #
Proposal for a regulation
Recital 18
Recital 18
(18) The InvestEU Fund should operate under four policy windows, mirroring the key Union policy priorities, namely sustainable infrastructure; research, innovation and digitisation:; SMEs; and social investment and skills.
Amendment 134 #
Proposal for a regulation
Recital 23 a (new)
Recital 23 a (new)
(23a) The budget of €3.105 million (in constant prices) for Research and Innovation under the Invest EU should not be taken from the Horizon Europe Programme's overall budget of 120 billion (in constant prices), but instead will be additional to that budget.
Amendment 182 #
Proposal for a regulation
Article 3 – paragraph 1 – point a
Article 3 – paragraph 1 – point a
(a) the competitiveness of the Union, including research, innovation and digitisation;
Amendment 191 #
Proposal for a regulation
Article 3 – paragraph 2 – point b
Article 3 – paragraph 2 – point b
(b) to support financing and investment operations in research, innovation and digitisation in all policy windows;
Amendment 193 #
Proposal for a regulation
Article 3 – paragraph 2 – point c
Article 3 – paragraph 2 – point c
(c) to increase the access to and the availability of finance for SMEs and, in duly justified cases, for small mid-cap companies, including innovative ones;
Amendment 227 #
Proposal for a regulation
Article 7 – paragraph 1 – point b
Article 7 – paragraph 1 – point b
(b) research, innovation and digitisation policy window: comprises research and innovation activities, transfer of research results to the market, demonstration and deployment of innovative solutions and support to scaling up of innovative companies other than SMEs as well as digitisation of Union industry;
Amendment 232 #
Proposal for a regulation
Article 7 – paragraph 1 – point c
Article 7 – paragraph 1 – point c
(c) SMEs policy window: access to and availability of finance for SMEs, including innovative ones, and, in duly justified cases, for small mid-cap companies;
Amendment 237 #
Proposal for a regulation
Article 7 – paragraph 1 – point d
Article 7 – paragraph 1 – point d
(d) social investment and skills policy window: comprises microfinance, social enterprise finance and social economy; skills, education, training and related services, including student loans; social infrastructure (including social and student housing); social innovation; health and long-term care; inclusion and accessibility; cultural activities with a social goal; integration of vulnerable people, including third country nationals.
Amendment 254 #
Proposal for a regulation
Article 7 – paragraph 5
Article 7 – paragraph 5
5. In order to ensure synergies with other Union Programmes, implementing partners shall target that a: – At least 50 % of the investment under the sustainable infrastructure policy window contribute to meeting the Union objectives on climate and environment and the objectives of the Innovation Fund. – At least 35 % of the investment under the research, innovation and digitisation policy window contribute to Horizon Europe objectives. – At least 70 % of the guarantee offered to SMEs and mid-caps under the SME policy window should support innovative SMEs. – At least 30 % of the investment under the social investment and skills policy window contribute to the objectives of Horizon Europe and Erasmus +.
Amendment 301 #
Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 2
Article 12 – paragraph 1 – subparagraph 2
For the EU compartment, the eligible counterparts shall have expressed their interest and shall be able to cover financing and investment operations in at least three Member States. The implementing partners may also cover together financing and investment operations in at least three Member States by forming a group. This criteria is also fulfilled when the implementing partners identify a common market failure in their respective markets and address this market failure or suboptimal investment situation with locally adapted, but similar instruments.
Amendment 339 #
Proposal for a regulation
Article 19 – paragraph 2 – subparagraph 5
Article 19 – paragraph 2 – subparagraph 5
Four members shall be permanent members of all four configurations of the Investment Committee. In addition, the four configurations shall each have two experts with experience in investment in sectors covered by that policy window. At least one of the permanent members shall have expertise in sustainable investinvestment in the fields of climate action, environmental protection and management. The Commission shall assign the Investment Committee members to its appropriate configuration or configurations. The Investment Committee shall elect a chairperson from among its permanent members.
Amendment 351 #
Proposal for a regulation
Article 20 – paragraph 1 – subparagraph 1
Article 20 – paragraph 1 – subparagraph 1
The InvestEU Advisory Hub shall provide advisory support for the identification, preparation, development, structuring, procuring and implementation of investment projects, or enhance the capacity of promoters and financial intermediaries to implement financing and investment operations. Its support may cover any stage of the life-cycle of a project or financing of a supported entity, as appropriate. Experts in the Advisory Hub will work in close cooperation with the EIB InnovFin Advisory.
Amendment 357 #
Proposal for a regulation
Article 20 – paragraph 2 – point c
Article 20 – paragraph 2 – point c
(c) supporting actions and leveraging local knowledge to facilitate the use of the InvestEU Fund support across the Union, particularly in terms of assisting SMEs and advising on the opportunities available, and contributing actively where possible to the objective of sectorial and geographical diversification of the InvestEU Fund by supporting the implementing partners in originating and developing potential financing and investment operations;
Amendment 372 #
Proposal for a regulation
Article 22 – paragraph 5
Article 22 – paragraph 5
5. In addition, each implementing partner shall submit every six months a report to the Commission on the financing and investment operations covered by this Regulation, broken down by the EU compartment and the Member State compartment by Member State, as appropriate. The report shall include an assessment of compliance with the requirements on the use of the EU guarantee and with the key performance indicators laid down in Annex III to this Regulation. The report shall also, where appropriate and proportional, include operational, statistical, financial and accounting data on each financing and investment operation and at the compartment, policy window and the InvestEU Fund level. One of those reports shall contain the information the implementing partners shall provide in accordance with [Article 155(1)(a)] of the [Financial Regulation]. Wherever possible, those reports should be identical to reports already required at national or regional level. The Commission shall compile and assess implementing partners’ reports and submit a summary in the form of public annual reports, providing information on the level of implementation of the programme against its objectives and performance indicators, indicating risks and opportunities for the financing and investment operations supported by the InvestEU programme.
Amendment 375 #
Proposal for a regulation
Article 23 – paragraph 2
Article 23 – paragraph 2
2. By 30 Sept1 December 20254, the Commission shall carry out an interim evaluation on the InvestEU Programme, in particular on the use of the EU guarantee.
Amendment 388 #
Proposal for a regulation
Annex II – paragraph 1 – point 1 – point a
Annex II – paragraph 1 – point 1 – point a
(a) expansion of the generation, supply or useimplementation of clean and sustainable renewable energy solutions;
Amendment 391 #
Proposal for a regulation
Annex II – paragraph 1 – point 1 – point b
Annex II – paragraph 1 – point 1 – point b
(b) energy efficiency, energy transition and energy savings (with a focus on reducing demand through demand-side management and the refurbishment of buildings);
Amendment 400 #
Proposal for a regulation
Annex II – paragraph 1 – point 1 – point e
Annex II – paragraph 1 – point 1 – point e
(e) carbon-capture and -storage infrastructure and manufacturing facilities towards energy transition.
Amendment 427 #
Proposal for a regulation
Annex II – paragraph 1 – point 5 – point a
Annex II – paragraph 1 – point 5 – point a
(a) research, includingsupport to research infrastructures and support to academia,research and innovation projects contributing to the objectives of [Horizon Europe];
Amendment 430 #
Proposal for a regulation
Annex II – paragraph 1 – point 5 – point d
Annex II – paragraph 1 – point 5 – point d
(d) collaborative research and innovation projects between academia, research and technology organisations and industry;
Amendment 431 #
Proposal for a regulation
Annex II – paragraph 1 – point 5 – point d
Annex II – paragraph 1 – point 5 – point d
(d) collaboration projects between academia and industry, public private partnerships and civil society organisations;
Amendment 436 #
Proposal for a regulation
Annex II – paragraph 1 – point 5 – point f
Annex II – paragraph 1 – point 5 – point f
(f) new effective healthcare products, including pharmaceuticals, medical devices and advanced therapy medicinal productssupport to R&D in all thematic defined in Horizon Europe, including transport, health, energy, climate and digitalisation.
Amendment 440 #
Proposal for a regulation
Annex II – paragraph 1 – point 6 – point a a (new)
Annex II – paragraph 1 – point 6 – point a a (new)
(aa) Quantum technologies
Amendment 457 #
Proposal for a regulation
Annex II – paragraph 1 – point 11 – point d – point i
Annex II – paragraph 1 – point 11 – point d – point i
(i) education and training, including early childhood education and care, educational facilities, student housing and digital equipment, and student loans;
Amendment 484 #
Proposal for a regulation
Annex III – point 4 – point 4.2
Annex III – point 4 – point 4.2
4.2 Energy: Number of households, number of public and commercial premises with improved energy consumption classification, including the degree of improvement in the classification, or equivalent figures (e.g. housing units refurbished with individual measures or reaching efficiency standards, total real or calculated energy and CO2 emissions savings)
Amendment 486 #
Proposal for a regulation
Annex III – point 4 – point 4.3
Annex III – point 4 – point 4.3
4.3 Digital: Additional households, commercial and/or public buildings with broadband access of at least 100 Mbps upgradable to Gigabit speed, or number of Wi-Fi-hotspots created
Amendment 490 #
Proposal for a regulation
Annex III – point 5 – point 5.1
Annex III – point 5 – point 5.1
5.1 Contribution to the objective of 3% of the Union's GDP invested in research, development and innovation throughout the programme.
Amendment 491 #
Proposal for a regulation
Annex III – point 5 – point 5.2
Annex III – point 5 – point 5.2
5.2 Number of enterprises supported carrying out research and innovation projects throughout the programme.
Amendment 497 #
Proposal for a regulation
Annex III – point 6 – point 6.2
Annex III – point 6 – point 6.2
6.2 Number of enterprises supported by stage (early, growth/expansion) in particular innovative SMEs.