Parliament strengthens InvestEU: more money for investment and simpler rules
MEPs approved the proposal by a large majority of 519 to 65, giving the final green light to strengthen the EU's main investment instrument. InvestEU will receive an increase of €2.9 billion in the EU guarantee, allowing more projects to be financed in areas such as affordable housing, clean energy, modern transport or skills development.
The changes are part of the wider Omnibus II package, which aims to reduce administrative burdens and increase competitiveness. The new rules simplify procedures, strengthen programme oversight and are designed to encourage greater private sector involvement in investment projects.
The Parliament also approved the introduction of a €50 million turnover threshold for the definition of SMEs - to ensure that financial support actually goes to the firms that need it most, and not to large enterprises disguised as "medium-sized".
The law will enter into force the day after its publication in the Official Journal of the EU, making the rules effective immediately.
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