15 Amendments of Carlos ZORRINHO related to 2015/0009(COD)
Amendment 73 #
Proposal for a regulation
Recital 10
Recital 10
(10) The purpose of the EFSI should be twofold: a) to help resolve the difficulties in financing and implementing productive investments in the Union and b) 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 employee for small and medium enterprises and small mid-caps as well as innovative SMEs and innovative mid-caps. Overcoming Europe's current investment difficulties should contribute to strengthening the Union's competitiveness, innovation potential, economic, social and territorial cohesion and energy and resource efficiency by transitioning into a sustainable and circular economy. Smart investments from enterprise networks, consortiums and partnerships could also be eligible to reinforce collective efficiency at a Regional, National and European level.
Amendment 76 #
Proposal for a regulation
Recital 10
Recital 10
(10) The purpose of the EFSI should be twofold: a) to help resolve the difficulties in financing and implement ingnovation- driven and productive investments in the Union and b) 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 employee for small and medium enterprises and small mid-caps as well as innovative SMEs and innovative mid-caps. Overcoming Europe's current investment difficulties should contribute to strengthening the Union's competitiveness, innovation potential, economic, social and territorial cohesion and energy and resource efficiency by transitioning into a sustainable and circular economy.
Amendment 83 #
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 and digital development.
Amendment 99 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11a) The Europe 2020 strategy for jobs and growth underlines that a strong and continued support for research and innovation creates the right springboard for future recovery and growth. In order to maximise the benefits of EFSI in supporting investment in the Union, 10 % of the budget of every project or operation should be devoted to research and innovation activities.
Amendment 107 #
Proposal for a regulation
Recital 12
Recital 12
(12) Many small and medium enterprises, as well as mid-cap companies, also oriented at digital development across the Union require assistance to attract market financing, especially as regards investments that carry a greater degree of risk. The EFSI should help these businesses to overcome capital shortages by allowing the EIB and the European Investment Fund ('EIF') to provide direct and indirect equity injections, as well as to provide guarantees for high-quality securitisation of loans, and other products that are granted in pursuit of the aims of the EFSI.
Amendment 120 #
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 job creation, long- term 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 also objectives related to the digital development in Europe. 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 135 #
Proposal for a regulation
Recital 15
Recital 15
(15) The EFSI should target projects with a higher risk-return profile than existing EIB and Union instruments to ensure additionality over existing operations. An even higher risk profile should be accepted for research, development and innovation projects. The EFSI should finance projects across the Union, including in the countries most affected by the financial crisis. The EFSI should only be used where financing is not available from other sources on reasonable terms.
Amendment 173 #
Proposal for a regulation
Recital 20
Recital 20
(20) At the level of projects, third parties may co-finance together with EFSI on a project-by-project basis or in investment platforms related to specific geographic or thematic sectors. Special attention should be given to investment platforms that focus on transformative sectors with high economic and societal added value, and investment platforms that aggregate small scale sustainable and innovative projects, notably driven by regions, cities and SMEs; for example energy efficiency projects such as the refurbishment of building stock and smart grids projects such as digital infrastructure modernization and new citizen services based on digital innovative tools.
Amendment 175 #
Proposal for a regulation
Recital 20
Recital 20
(20) At the level of projects, third parties may co-finance together with EFSI on a project-by-project basis or in investment platforms related to specific geographic or thematic sectors. Special attention shall be given to investment platform that highlights added value related to the potentiality of the digital drivers present in all sectors of the economy to help the Digital Single Market implementation goals and the development of digital infrastructure.
Amendment 235 #
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 investments in the Union and tothrough the supply of risk bearing capacity to the EIB by: - providing long term, productive and strategic investments in the Union, - ensureing increased access to financing for companies having up to 3000 employees, with a particular focus on small and medium enterprises, through the supply of risk bearing capacity to the EIB ('EFSI Agreement')small and medium enterprises and small mid-caps, particularly innovative SMEs and mid-caps, and by - ensuring increased access to financing for enterprise networks, consortiums and partnerships, promoting collective efficiency at a Regional, National and European level.
Amendment 273 #
Proposal for a regulation
Article 2 – paragraph 1 – subparagraph 1 – point g
Article 2 – paragraph 1 – subparagraph 1 – point g
(g) requirements governing the use of the EU guarantee, including within specific time frames and key performance indicatorssuch as the compliance with the objectives and eligibility criteria set out in article 5.2 and 5.2 a, as well as specific time frames and key performance indicators, including direct job creation and SME participation;
Amendment 379 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point b a (new)
Article 5 – paragraph 2 – subparagraph 1 – point b a (new)
(ba) improvement and promotion of the smart use of ICT and the integration of SMEs in digital value chains;
Amendment 430 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 2 a (new)
Article 5 – paragraph 2 – subparagraph 2 a (new)
The EU guarantee shall only be granted for projects and operations which fulfil the following eligibility criteria: (a) projects and operations have to contribute to the Union’s strategy for smart, sustainable and inclusive growth; they shall comply with the objectives of Article 9 and be in line with Article 10 and Annex I of Regulation (EU) No 1303/2013; (b) Projects and operations have to foster the transition towards a smart, sustainable, decarbonized economy and shall be consistent with the agreed EU climate and energy objectives for 2020, 2030 and 2050; (c) Projects and operations supported by dedicated investment platforms and national promotional banks and institutions, have to comply with the policies and eligibility criteria of the Steering Board in accordance with the second paragraph of Article 5(2); the policies and eligibility criteria of the Steering Board may not be in deviation of the criteria under points (a) and (b) of this paragraph; (d) Projects and operations have to devote at least 10 % of their budget to research and innovation activities. To that end, different mechanisms can be combined, such as direct execution of research, technological development and innovation activities, sub-contracting services from universities or public research institutions and public procurement of innovative technology.
Amendment 469 #
Proposal for a regulation
Article 9 – paragraph 1
Article 9 – paragraph 1
1. The Commission and the EIB, with support from the Member States, shall promote the creation of a transparent pipeline of current and potential future investment projects in the Union. The pipeline is without prejudice to the final projects selected for support according to Article 3(5) but should indicate whether the proposed projects are eligible for the EU guarantee fund in accordance with the objectives and criteria laid down in Article 5.
Amendment 505 #
Proposal for a regulation
Article 13 – paragraph 1
Article 13 – paragraph 1
In accordance with its own transparency policies on access to documents and information, the EIB shall make publicly available on its website information relating to all EIB financing and investment operations and how they contribute to the general objectives and criteria referred to in Article 5(2).