Commission welcomes political agreement to simplify and strengthen EU innovation and investment

The European Commission welcomes yesterday's political agreement between the European Parliament and the Council on the 'Omnibus' package to simplify EU investment programmes.

Proposed by the Commission in February 2025, the package strengthens InvestEU, the EU's flagship investment instrument, by increasing the EU guarantee by €2.9 billion - unlocking nearly €55 billion in additional public and private investments, and allocating additional €40 million to the InvestEU Advisory Hub. Almost 40% of InvestEU operations already contribute to climate action, and the enhanced guarantee will further support projects under the Competitiveness Compass and the Clean Industrial Deal. The reform will also provide more efficient procedures for applicants and businesses, cutting red tape so they can focus on growing and creating quality jobs across Europe.

The agreement will boost EU investment capacity by reinvesting returns from past operations, make it easier for Member States to channel additional resources into InvestEU, provide extra support through the InvestEU Advisory Hub to help develop quality investment projects, and reduce administrative burden, with simplified reporting expected to save up to €350 million in costs. With these changes, InvestEU will mobilise fresh investment, driving competitiveness, research, innovation, decarbonisation, sustainability and skills. By leveraging both private and public funds, InvestEU is a cornerstone of the EU's long-term strategy for growth. It underpins Europe's twin transitions - green and digital - while reinforcing economic resilience and opportunities for businesses and citizens alike.