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Changes: 2023/04/28docs.docs.url, 2023/03/24docs.docs.url, 2023/02/19docs.docs.url, 2021/05/05docs.docs.url, 2021/05/03events.body, 2021/04/24docs.docs.url, events

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2017/0024(NLE) Bio-based Industries Joint Undertaking: financial contributions
Next event: Commission response to text adopted in plenary 2017/12/06

Progress: Awaiting final decision

RoleCommitteeRapporteurShadows
Lead ITRE POCHE Miroslav (icon: S&D S&D) GAMBUS MILLET Francisco de Paula (icon: PPE PPE), VAN BOSSUYT Anneleen (icon: ECR ECR), MEISSNER Gesine (icon: ALDE ALDE), ŠKRLEC Davor (icon: Verts/ALE Verts/ALE), LETARD-LECHEVALIER Christelle (icon: ENF ENF)
Committee Opinion REGI BOGOVIČ Franc (icon: PPE PPE) Viorica DĂNCILĂ (icon: S&D S&D), Matthijs van MILTENBURG (icon: ALDE ALDE), Davor ŠKRLEC (icon: Verts/ALE Verts/ALE)
Committee Opinion CONT Notis MARIAS (icon: ECR ECR), Miroslav POCHE (icon: S&D S&D)
Lead committee dossier:
Legal Basis:
TFEU 187, TFEU 188 -a1

Events

2017/12/06
   EC - Commission response to text adopted in plenary
Documents
2017/10/24
   EP - Results of vote in Parliament
2017/10/24
   EP - Decision by Parliament, 1st reading/single reading
Details

The European Parliament adopted by 572 votes to 54, with 36 abstentions, a legislative resolution on the proposal for a Council regulation amending the Council Regulation (EU) No 560/2014 of 6 May 2014 establishing the Bio-based Industries Joint Undertaking.

Parliament approved the Commission proposal subject to the following amendments to stipulate the following issues in the recitals:

the Bio-based Industries (BBI) joint undertaking should aim to contribute to the implementation of the Framework Programme for Research and Innovation (‘Horizon 2020’) through increased investment in the development of a sustainable bio-based industry sector in Europe and to make the Union a champion of research, demonstration, and deployment in the bio-based products and biofuels marketplace; the financial contribution by the members of the BBI Joint Undertaking other than the Union to operational costs is to be at least EUR 182 500 000 over the ten-year period , that is to say from the establishment of the BBI Joint Undertaking until 31 December 2024; the proposed amending regulation allows the bio-industries consortium and its constituent entities to deliver the financial contribution not only as payments to the BBI Joint Undertaking. Members stated that this new delivery mode is to ensure that the financial contributions become more commercially viable for BIC and its constituent entities. The Commission will examine how that alternative mode of financing could apply to other joint undertakings, and, in particular, to the Innovative Medicines Initiative Joint Undertaking ; the Commission should submit a report to the European Parliament and to the Council assessing the effectiveness of this Regulation , in light of the BIC’s obligation to deliver its financial contribution by 31 December 2024; in future cases, the Commission should always carry out a public consultation in order to ensure that any proposed changes are accepted by all interested parties, in particular SMEs, and are developed in the most transparent and open manner possible. Similarly, the Commission should conduct impact assessments of the measures proposed measures.

Documents
2017/10/06
   EP - Committee report tabled for plenary, 1st reading/single reading
Details

The Committee on Industry, Research and Energy adopted, following the consultation procedure, the report by Miroslav POCKET (S&D, CZ) on the proposal for a Council regulation amending the Council Regulation (EU) No 560/2014 of 6 May 2014 establishing the Bio-based Industries Joint Undertaking.

The committee called on Parliament to approve the Commission proposal subject to the following amendments:

the Bio-based Industries (BBI) joint undertaking should aim to contribute to the implementation of the Framework Programme for Research and Innovation (2014-2020) (‘Horizon 2020’) through increased investment in the development of a sustainable bio-based industry sector in Europe and to make the Union a champion of research, demonstration, and deployment in the bio-based products and biofuels marketplace; better collaboration with stakeholders, in particular small and medium-sized enterprises (SMEs) within the bio-based value chain; the proposed amending regulation allows the bio-industries consortium and its constituent entities to deliver the financial contribution not only as payments to the BBI Joint Undertaking. Members stated that this new delivery mode is to ensure that the financial contributions become more commercially viable for BIC and its constituent entities; the Commission should submit a report to the European Parliament and to the Council assessing the effectiveness of this Regulation , in light of the BIC’s obligation to deliver its financial contribution by 31 December 2024; in future cases, the Commission should always carry out a public consultation in order to ensure that any proposed changes are accepted by all interested parties, and are developed in the most transparent and open manner possible. Similarly, the Commission should conduct impact assessments of the measures proposed measures.

Documents
2017/10/02
   EP - Vote in committee, 1st reading/single reading
2017/09/07
   EP - Amendments tabled in committee
Documents
2017/09/06
   EP - Committee opinion
Documents
2017/06/21
   EP - Committee opinion
Documents
2017/06/19
   EP - Committee draft report
Documents
2017/05/17
   EP - POCHE Miroslav (S&D) appointed as rapporteur in ITRE
2017/04/26
   ESC - Economic and Social Committee: opinion, report
Documents
2017/04/03
   EP - Committee referral announced in Parliament, 1st reading/single reading
2017/02/28
   EP - BOGOVIČ Franc (PPE) appointed as rapporteur in REGI
2017/02/22
   EC - Legislative proposal published
Details

PURPOSE: to amend Council Regulation (EU) No 560/2014 establishing the Bio-base Industries Joint Undertaking, in order to enable members of the Bio-based Industries Consortium to fulfil their obligation to contribute financially.

PROPOSED ACT: Council Regulation.

ROLE OF THE EUROPEAN PARLIAMENT: the Council shall adopt the act after consulting the European Parliament but without being obliged to follow the opinion of the European Parliament.

BACKGROUND: The Bio-based Industries Joint Undertaking (BBI JU) was established by Council Regulation (EU) No 560/2014 for the implementation of the Joint Technology Initiative on Bio-based Industries (the BBI JU initiative) until 31 December 2024. The BBI JU is a body responsible for the implementation of a public-private partnership whose members are, on the one hand, the Union, represented by the Commission, and, on the other hand, the Bio-based Industries consortium.

The statutes of the Bio-based industries Joint Undertaking stipulate that the financial contribution to operational costs of the members of the Bio-based Industries Joint Undertaking, other than the Union, shall be at least EUR 182 500 000 up to 31 December 2024.

The Bio-based Industries Consortium recognises its obligation to pay a financial contribution of at least EUR 182 500 000 before 31 December 2024, but it has found difficulties with the delivery mode .

Many members of the Bio-based Industries consortium believe that it is not commercially viable to make a financial contribution at the programme level because this method does not guarantee any profits in return and that this could benefit competitors participating in projects funded by the Bio-based Industries JU. As a result, the Bio-based Industries consortium proposed a different method of payment of the financial contribution , namely the possibility for its members to pay directly at the project level.

After assessing the Bio-based Industries Consortium’s proposal, the Commission intends to adjust Council Regulation (EU) No 560/2014 in order to remedy the difficulties faced by the consortium in paying its financial contribution under the current arrangements. The proposed change would not affect the original objectives.

CONTENT: the Commission proposes to amend the Statutes of the Bio-based Industries Joint Undertaking by introducing a new method of payment of the financial contribution in addition to the existing method of payment.

Concretely, the proposal:

introduces the possibility of making financial contributions in the following two ways: (i) transferring them from the consortium to the Bio-based Industries JU and / or (ii) transferring them directly from a member of the Bio-based Industries Consortium to another project beneficiary ; broadens the category of parties that could provide the financial contribution: in addition to the Bio-based Industries Consortium individually, its "constituent entities" (i.e. members of the consortium) would also be entitled to contribute financial resources; maintains commitment to the overall financial objective of providing a financial contribution to operational costs of EUR 182 500 000 up until 31 December 2024; allows members of the Bio-based Industries Consortium to declare through the latter the financial contributions they have made to the projects at the Bio-based Industries JU.

This solution is similar to that agreed for the IMI2 Joint Undertaking (Innovative Medicines Initiative), in which members other than the Union may make financial contributions either at the programme or project level.

Documents

Votes

A8-0293/2017 - Miroslav Poche - Vote unique 24/10/2017 12:21:04.000 #

2017/10/24 Outcome: +: 572, -: 54, 0: 36
DE FR IT PL GB ES RO BE AT HU CZ BG SE PT NL FI HR SK LT LV LU SI MT IE EE DK CY EL
Total
81
66
62
48
63
44
30
21
18
18
19
16
18
20
24
10
10
10
8
7
6
6
6
9
5
11
5
19
icon: PPE PPE
194

Sweden PPE

2

Finland PPE

For (1)

1

Lithuania PPE

1

Luxembourg PPE

3

Slovenia PPE

3

Estonia PPE

For (1)

1

Denmark PPE

For (1)

1

Cyprus PPE

1
icon: S&D S&D
172
3

Netherlands S&D

3

Croatia S&D

2

Latvia S&D

1

Luxembourg S&D

For (1)

1

Slovenia S&D

For (1)

1

Malta S&D

3

Ireland S&D

For (1)

1

Estonia S&D

For (1)

1

Cyprus S&D

2

Greece S&D

2
icon: ALDE ALDE
58

Germany ALDE

2

United Kingdom ALDE

1

Romania ALDE

3

Austria ALDE

For (1)

1

Portugal ALDE

1

Croatia ALDE

2
2

Latvia ALDE

1

Luxembourg ALDE

For (1)

1

Slovenia ALDE

For (1)

1

Ireland ALDE

For (1)

1

Estonia ALDE

2

Denmark ALDE

2
icon: ECR ECR
65

Italy ECR

2

Romania ECR

For (1)

1

Bulgaria ECR

2

Netherlands ECR

2
2

Slovakia ECR

2

Lithuania ECR

1

Latvia ECR

For (1)

1

Greece ECR

Against (1)

1
icon: Verts/ALE Verts/ALE
48

Italy Verts/ALE

For (1)

1

Belgium Verts/ALE

2

Austria Verts/ALE

3

Hungary Verts/ALE

2

Netherlands Verts/ALE

2

Croatia Verts/ALE

For (1)

1

Lithuania Verts/ALE

For (1)

1

Latvia Verts/ALE

1

Luxembourg Verts/ALE

For (1)

1

Slovenia Verts/ALE

For (1)

1

Estonia Verts/ALE

For (1)

1

Denmark Verts/ALE

For (1)

1
icon: ENF ENF
30

Poland ENF

Against (1)

1

Romania ENF

1

Belgium ENF

Abstain (1)

1

Netherlands ENF

4
icon: NI NI
14

Germany NI

1

France NI

2

Poland NI

Against (1)

2

United Kingdom NI

For (1)

Against (2)

3

Hungary NI

For (1)

1
icon: EFDD EFDD
35

France EFDD

3

Poland EFDD

1

Czechia EFDD

Against (1)

1

Sweden EFDD

2

Lithuania EFDD

For (1)

1
icon: GUE/NGL GUE/NGL
44

Italy GUE/NGL

2

Sweden GUE/NGL

Abstain (1)

1

Portugal GUE/NGL

3

Netherlands GUE/NGL

3

Finland GUE/NGL

For (1)

1

Ireland GUE/NGL

3

Denmark GUE/NGL

Against (1)

1

Cyprus GUE/NGL

2
AmendmentsDossier
30 2017/0024(NLE)
2017/06/02 REGI 3 amendments...
source: 605.980
2017/07/14 CONT 6 amendments...
source: 608.152
2017/09/07 ITRE 21 amendments...
source: 609.621

History

(these mark the time of scraping, not the official date of the change)

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docs
  • date: 2017-04-26T00:00:00 docs: url: https://dm.eesc.europa.eu/EESCDocumentSearch/Pages/redresults.aspx?k=(documenttype:AC)(documentnumber:1752)(documentyear:2017)(documentlanguage:EN) title: CES1752/2017 type: Economic and Social Committee: opinion, report body: ESC
  • date: 2017-06-19T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE606.105 title: PE606.105 type: Committee draft report body: EP
  • date: 2017-06-21T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE604.609&secondRef=02 title: PE604.609 committee: REGI type: Committee opinion body: EP
  • date: 2017-09-06T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE606.073&secondRef=02 title: PE606.073 committee: CONT type: Committee opinion body: EP
  • date: 2017-09-07T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE609.621 title: PE609.621 type: Amendments tabled in committee body: EP
  • date: 2017-12-06T00:00:00 docs: url: /oeil/spdoc.do?i=30280&j=0&l=en title: SP(2017)766 type: Commission response to text adopted in plenary
events
  • date: 2017-02-22T00:00:00 type: Legislative proposal published body: EC docs: url: http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/com/2017/0068/COM_COM(2017)0068_EN.pdf title: COM(2017)0068 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2017&nu_doc=0068 title: EUR-Lex summary: PURPOSE: to amend Council Regulation (EU) No 560/2014 establishing the Bio-base Industries Joint Undertaking, in order to enable members of the Bio-based Industries Consortium to fulfil their obligation to contribute financially. PROPOSED ACT: Council Regulation. ROLE OF THE EUROPEAN PARLIAMENT: the Council shall adopt the act after consulting the European Parliament but without being obliged to follow the opinion of the European Parliament. BACKGROUND: The Bio-based Industries Joint Undertaking (BBI JU) was established by Council Regulation (EU) No 560/2014 for the implementation of the Joint Technology Initiative on Bio-based Industries (the BBI JU initiative) until 31 December 2024. The BBI JU is a body responsible for the implementation of a public-private partnership whose members are, on the one hand, the Union, represented by the Commission, and, on the other hand, the Bio-based Industries consortium. The statutes of the Bio-based industries Joint Undertaking stipulate that the financial contribution to operational costs of the members of the Bio-based Industries Joint Undertaking, other than the Union, shall be at least EUR 182 500 000 up to 31 December 2024. The Bio-based Industries Consortium recognises its obligation to pay a financial contribution of at least EUR 182 500 000 before 31 December 2024, but it has found difficulties with the delivery mode . Many members of the Bio-based Industries consortium believe that it is not commercially viable to make a financial contribution at the programme level because this method does not guarantee any profits in return and that this could benefit competitors participating in projects funded by the Bio-based Industries JU. As a result, the Bio-based Industries consortium proposed a different method of payment of the financial contribution , namely the possibility for its members to pay directly at the project level. After assessing the Bio-based Industries Consortium’s proposal, the Commission intends to adjust Council Regulation (EU) No 560/2014 in order to remedy the difficulties faced by the consortium in paying its financial contribution under the current arrangements. The proposed change would not affect the original objectives. CONTENT: the Commission proposes to amend the Statutes of the Bio-based Industries Joint Undertaking by introducing a new method of payment of the financial contribution in addition to the existing method of payment. Concretely, the proposal: introduces the possibility of making financial contributions in the following two ways: (i) transferring them from the consortium to the Bio-based Industries JU and / or (ii) transferring them directly from a member of the Bio-based Industries Consortium to another project beneficiary ; broadens the category of parties that could provide the financial contribution: in addition to the Bio-based Industries Consortium individually, its "constituent entities" (i.e. members of the consortium) would also be entitled to contribute financial resources; maintains commitment to the overall financial objective of providing a financial contribution to operational costs of EUR 182 500 000 up until 31 December 2024; allows members of the Bio-based Industries Consortium to declare through the latter the financial contributions they have made to the projects at the Bio-based Industries JU. This solution is similar to that agreed for the IMI2 Joint Undertaking (Innovative Medicines Initiative), in which members other than the Union may make financial contributions either at the programme or project level.
  • date: 2017-04-03T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2017-10-02T00:00:00 type: Vote in committee, 1st reading/single reading body: EP
  • date: 2017-10-06T00:00:00 type: Committee report tabled for plenary, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2017-0293&language=EN title: A8-0293/2017 summary: The Committee on Industry, Research and Energy adopted, following the consultation procedure, the report by Miroslav POCKET (S&D, CZ) on the proposal for a Council regulation amending the Council Regulation (EU) No 560/2014 of 6 May 2014 establishing the Bio-based Industries Joint Undertaking. The committee called on Parliament to approve the Commission proposal subject to the following amendments: the Bio-based Industries (BBI) joint undertaking should aim to contribute to the implementation of the Framework Programme for Research and Innovation (2014-2020) (‘Horizon 2020’) through increased investment in the development of a sustainable bio-based industry sector in Europe and to make the Union a champion of research, demonstration, and deployment in the bio-based products and biofuels marketplace; better collaboration with stakeholders, in particular small and medium-sized enterprises (SMEs) within the bio-based value chain; the proposed amending regulation allows the bio-industries consortium and its constituent entities to deliver the financial contribution not only as payments to the BBI Joint Undertaking. Members stated that this new delivery mode is to ensure that the financial contributions become more commercially viable for BIC and its constituent entities; the Commission should submit a report to the European Parliament and to the Council assessing the effectiveness of this Regulation , in light of the BIC’s obligation to deliver its financial contribution by 31 December 2024; in future cases, the Commission should always carry out a public consultation in order to ensure that any proposed changes are accepted by all interested parties, and are developed in the most transparent and open manner possible. Similarly, the Commission should conduct impact assessments of the measures proposed measures.
  • date: 2017-10-24T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=30280&l=en title: Results of vote in Parliament
  • date: 2017-10-24T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2017-0388 title: T8-0388/2017 summary: The European Parliament adopted by 572 votes to 54, with 36 abstentions, a legislative resolution on the proposal for a Council regulation amending the Council Regulation (EU) No 560/2014 of 6 May 2014 establishing the Bio-based Industries Joint Undertaking. Parliament approved the Commission proposal subject to the following amendments to stipulate the following issues in the recitals: the Bio-based Industries (BBI) joint undertaking should aim to contribute to the implementation of the Framework Programme for Research and Innovation (‘Horizon 2020’) through increased investment in the development of a sustainable bio-based industry sector in Europe and to make the Union a champion of research, demonstration, and deployment in the bio-based products and biofuels marketplace; the financial contribution by the members of the BBI Joint Undertaking other than the Union to operational costs is to be at least EUR 182 500 000 over the ten-year period , that is to say from the establishment of the BBI Joint Undertaking until 31 December 2024; the proposed amending regulation allows the bio-industries consortium and its constituent entities to deliver the financial contribution not only as payments to the BBI Joint Undertaking. Members stated that this new delivery mode is to ensure that the financial contributions become more commercially viable for BIC and its constituent entities. The Commission will examine how that alternative mode of financing could apply to other joint undertakings, and, in particular, to the Innovative Medicines Initiative Joint Undertaking ; the Commission should submit a report to the European Parliament and to the Council assessing the effectiveness of this Regulation , in light of the BIC’s obligation to deliver its financial contribution by 31 December 2024; in future cases, the Commission should always carry out a public consultation in order to ensure that any proposed changes are accepted by all interested parties, in particular SMEs, and are developed in the most transparent and open manner possible. Similarly, the Commission should conduct impact assessments of the measures proposed measures.
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  • The European Parliament adopted by 572 votes to 54, with 36 abstentions, a legislative resolution on the proposal for a Council regulation amending the Council Regulation (EU) No 560/2014 of 6 May 2014 establishing the Bio-based Industries Joint Undertaking.

    Parliament approved the Commission proposal subject to the following amendments to stipulate the following issues in the recitals:

    • the Bio-based Industries (BBI) joint undertaking should aim to contribute to the implementation of the Framework Programme for Research and Innovation (‘Horizon 2020’) through increased investment in the development of a sustainable bio-based industry sector in Europe and to make the Union a champion of research, demonstration, and deployment in the bio-based products and biofuels marketplace;
    • the financial contribution by the members of the BBI Joint Undertaking other than the Union to operational costs is to be at least EUR 182 500 000 over the ten-year period, that is to say from the establishment of the BBI Joint Undertaking until 31 December 2024;
    • the proposed amending regulation allows the bio-industries consortium and its constituent entities to deliver the financial contribution not only as payments to the BBI Joint Undertaking. Members stated that this new delivery mode is to
    • ensure that the financial contributions become more commercially viable for BIC and its constituent entities. The Commission will examine how that alternative mode of financing could apply to other joint undertakings, and, in particular, to the Innovative Medicines Initiative Joint Undertaking;
    • the Commission should submit a report to the European Parliament and to the Council assessing the effectiveness of this Regulation, in light of the BIC’s obligation to deliver its financial contribution by 31 December 2024;
    • in future cases, the Commission should always carry out a public consultation in order to ensure that any proposed changes are accepted by all interested parties, in particular SMEs, and are developed in the most transparent and open manner possible. Similarly, the Commission should conduct impact assessments of the measures proposed measures.
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  • The Committee on Industry, Research and Energy adopted, following the consultation procedure, the report by Miroslav POCKET (S&D, CZ) on the proposal for a Council regulation amending the Council Regulation (EU) No 560/2014 of 6 May 2014 establishing the Bio-based Industries Joint Undertaking.

    The committee called on Parliament to approve the Commission proposal subject to the following amendments:

    • the Bio-based Industries (BBI) joint undertaking should aim to contribute to the implementation of the Framework Programme for Research and Innovation (2014-2020) (‘Horizon 2020’) through increased investment in the development of a sustainable bio-based industry sector in Europe and to make the Union a champion of research, demonstration, and deployment in the bio-based products and biofuels marketplace;
    • better collaboration with stakeholders, in particular small and medium-sized enterprises (SMEs) within the bio-based value chain;
    • the proposed amending regulation allows the bio-industries consortium and its constituent entities to deliver the financial contribution not only as payments to the BBI Joint Undertaking. Members stated that this new delivery mode is to ensure that the financial contributions become more commercially viable for BIC and its constituent entities;
    • the Commission should submit a report to the European Parliament and to the Council assessing the effectiveness of this Regulation, in light of the BIC’s obligation to deliver its financial contribution by 31 December 2024;
    • in future cases, the Commission should always carry out a public consultation in order to ensure that any proposed changes are accepted by all interested parties, and are developed in the most transparent and open manner possible. Similarly, the Commission should conduct impact assessments of the measures proposed measures.
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  • body: EP responsible: False committee: REGI date: 2017-02-28T00:00:00 committee_full: Regional Development rapporteur: group: EPP name: BOGOVIČ Franc
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  • PURPOSE: to amend Council Regulation (EU) No 560/2014 establishing the Bio-base Industries Joint Undertaking, in order to enable members of the Bio-based Industries Consortium to fulfil their obligation to contribute financially.

    PROPOSED ACT: Council Regulation.

    ROLE OF THE EUROPEAN PARLIAMENT: the Council shall adopt the act after consulting the European Parliament but without being obliged to follow the opinion of the European Parliament.

    BACKGROUND: The Bio-based Industries Joint Undertaking (BBI JU) was established by Council Regulation (EU) No 560/2014 for the implementation of the Joint Technology Initiative on Bio-based Industries (the BBI JU initiative) until 31 December 2024. The BBI JU is a body responsible for the implementation of a public-private partnership whose members are, on the one hand, the Union, represented by the Commission, and, on the other hand, the Bio-based Industries consortium.

    The statutes of the Bio-based industries Joint Undertaking stipulate that the financial contribution to operational costs of the members of the Bio-based Industries Joint Undertaking, other than the Union, shall be at least EUR 182 500 000 up to 31 December 2024.

    The Bio-based Industries Consortium recognises its obligation to pay a financial contribution of at least EUR 182 500 000 before 31 December 2024, but it has found difficulties with the delivery mode.

    Many members of the Bio-based Industries consortium believe that it is not commercially viable to make a financial contribution at the programme level because this method does not guarantee any profits in return and that this could benefit competitors participating in projects funded by the Bio-based Industries JU. As a result, the Bio-based Industries consortium proposed a different method of payment of the financial contribution, namely the possibility for its members to pay directly at the project level.

    After assessing the Bio-based Industries Consortium’s proposal, the Commission intends to adjust Council Regulation (EU) No 560/2014 in order to remedy the difficulties faced by the consortium in paying its financial contribution under the current arrangements. The proposed change would not affect the original objectives.

    CONTENT: the Commission proposes to amend the Statutes of the Bio-based Industries Joint Undertaking by introducing a new method of payment of the financial contribution in addition to the existing method of payment.

    Concretely, the proposal:

    • introduces the possibility of making financial contributions in the following two ways: (i) transferring them from the consortium to the Bio-based Industries JU and / or (ii) transferring them directly from a member of the Bio-based Industries Consortium to another project beneficiary;
    • broadens the category of parties that could provide the financial contribution: in addition to the Bio-based Industries Consortium individually, its "constituent entities" (i.e. members of the consortium) would also be entitled to contribute financial resources;
    • maintains commitment to the overall financial objective of providing a financial contribution to operational costs of EUR 182 500 000 up until 31 December 2024;
    • allows members of the Bio-based Industries Consortium to declare through the latter the financial contributions they have made to the projects at the Bio-based Industries JU.

    This solution is similar to that agreed for the IMI2 Joint Undertaking (Innovative Medicines Initiative), in which members other than the Union may make financial contributions either at the programme or project level.

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