Activities of Jutta STEINRUCK related to 2015/0009(COD)
Plenary speeches (1)
European Fund for Strategic Investments (debate) DE
Amendments (19)
Amendment 34 #
Proposal for a regulation
Recital 2
Recital 2
(2) Comprehensive action is required to reverse the vicious circle created by a lack of investment. Structural reforms and fiscal responsibility are necessary preconditions for stimulating investment. Along with a renewed impetus towards investment financing, these preconditions can contribute to establishing a virtuous circle, where investment projects help support employmentcreate good quality jobs and demand and lead to a sustained increase in growth potential.
Amendment 68 #
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 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. 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. Main intention of all measurements has to be the push for investment in integrated social policies in line with the 2013 social investment package. Overcoming Europe's current investment difficulties should contribute to strengthening the Union's economic, social and territorial cohesion.
Amendment 80 #
Proposal for a regulation
Recital 11
Recital 11
(11) The EFSI should support strategic investments with high social and economic value added contributing to achieving Union policy objectives.
Amendment 109 #
Proposal for a regulation
Recital 14
Recital 14
(14) The EFSI should target projects delivering high societal and economic value. In particular, the EFSI should target projects that promote jobthe creation of good quality jobs, long- term and sustainable growth and competitiveness. 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 134 #
Proposal for a regulation
Recital 16
Recital 16
(16) The EFSI should target investments that are expected to be economically and technically viable and that are consistent with the EU's social policy priorities, especially the reduction of social exclusion and poverty, which may entail a degree of appropriate risk, whilst still meeting the particular requirements for EFSI financing.
Amendment 141 #
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. At least one of the committee members must be a specialist in social and labour-market policies and therefore is responsible for assessing the social impact of submitted projects. 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 170 #
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 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. 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 economic, social and territorial cohesion.
Amendment 183 #
Proposal for a regulation
Recital 11
Recital 11
(11) The EFSI should support strategic investments with high economic value added contributing to achieving Union policy objectives. and to meeting the objectives of the Europe 2020 Strategy for smart, sustainable and inclusive growth, in particular the agreed targets for employment and poverty. In the process, the approach taken for the Commission's 2013 social investment package should be followed. Overcoming Europe's current investment difficulties will contribute to strengthening the Union's economic, social and territorial cohesion.
Amendment 258 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 2
Article 3 – paragraph 5 – subparagraph 2
The Investment Committee shall be composed of six independent experts and the Managing Director. Independent experts shall have a high level of relevant market experience in project finance and be appointed by the Steering Board for a renewable fixed term of three years. At least one of the appointed members must be a specialist in social and labour-market policies and therefore be responsible for assessing the social impact of the committee decisions.
Amendment 269 #
Proposal for a regulation
Recital 14 a (new)
Recital 14 a (new)
(14a) There should be systematic monitoring of the impact of the EFSI on the promotion of a high level of employment, on the guarantee of adequate social protection, on the fight against social exclusion and on the level of education, training and protection of human health.
Amendment 277 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – introductory part
Article 5 – paragraph 2 – subparagraph 1 – introductory part
2. The EU guarantee shall be granted for EIB financing and investment operations approved by the Investment Committee referred to in Article 3(5) or funding to the EIF in order to conduct EIB financing and investment operations in accordance with Article 7(2). The operations concerned shall be consistent with Union policies, especially with the goals of the EU's social policy priorities and the inclusion of social and equality preconditions and support any of the following general objectives:
Amendment 552 #
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 public and private investments in the Union and to ensure increased access to financing for companies having up to 3000 employees, including social economy enterprises and social service providers, with a particular focus on small and medium enterprises, through the supply of risk bearing capacity to the EIB ('EFSI Agreement'). The overarching objective of the EFSI should be to foster smart, sustainable and inclusive growth.
Amendment 880 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 3
Article 3 – paragraph 5 – subparagraph 3
Decisions of the Investment Committee shall be taken by simple majority. A representative of the Investment Committee shall have responsibility for social impact assessment of projects in keeping with the Union's social objectives. Experience in social project finance shall be one criterion for selecting the experts.
Amendment 925 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – introductory part
Article 5 – paragraph 2 – subparagraph 1 – introductory part
The EU guarantee shall be granted for EIB financing and investment operations approved by the Investment Committee referred to in Article 3(5) or funding to the EIF in order to conduct EIB financing and investment operations in accordance with Article 7(2). The operations concerned shall be consistent with Union policies, contribute to achieving the Europe 2020 objectives and support any of the following general objectives:
Amendment 930 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point a
Article 5 – paragraph 2 – subparagraph 1 – point a
(a) development of infrastructure, including in the areas of transport, particularly in industrial centres; energy, in particular energy interconnections; and digital infrastructure and the social field;
Amendment 957 #
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, health, the social economy, research and development, information and communications technology and innovation;
Amendment 991 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point d
Article 5 – paragraph 2 – subparagraph 1 – point d
(d) infrastructure projects in the environmental, natural resources, urban development and social fields;
Amendment 1001 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point e
Article 5 – paragraph 2 – subparagraph 1 – point e
(e) providing financial support for the companies referred to in Article 1(1), including working capital risk financing. With regard to the companies referred to in Article 1, 20% of EFSI funds shall be earmarked for social economy enterprises carrying out social-inclusion projects and activities.
Amendment 1067 #
Proposal for a regulation
Article 5 – paragraph 4
Article 5 – paragraph 4
(4) Provided that all relevant eligibility criteria are fulfilled, Member States may use European Structural and Investment Funds to contribute to the financing of eligible projects in which the EIB is investing with the support of the EU guarantee. Where EU structural fund monies are used to support the EFSI, EU cohesion policy objectives (geared to the EU 2020 strategic objectives) shall be complied with. In particular, the objective requiring 20% of European Social Fund monies to be used for social inclusion and combating poverty shall be complied with.