Activities of Luigi MORGANO related to 2018/0229(COD)
Shadow opinions (1)
OPINION on the proposal for a regulation of the European Parliament and of the Council establishing the InvestEU Programme
Amendments (51)
Amendment 13 #
Proposal for a regulation
Recital 1
Recital 1
(1) With 1.8% of EU GDP, down from 2.2% in 2009, infrastructure investment activities in the Union in 2016 were about 20% below investment rates before the global financial crisis. Thus, while a recovery in investment-to-GDP ratios in the Union can be observed, it remains below what might be expected in a strong recovery period and is insufficient to compensate years of underinvestment. More importantly, the current investment levels and forecasts do not cover the Union’s structural investment needs in the face of technological change and global competitiveness, including for innovation, skills, infrastructure, and small and medium- sized enterprises ('SMEs'), particularly in the cultural and creative sector, and the need to address key societal challenges such as sustainability or population ageing. Consequently, continued support is necessary to address market failures and sub-optimal investment situations to reduce the investment gap in targeted sectors to achieve the Union's policy objectives.
Amendment 16 #
Proposal for a regulation
Recital 3
Recital 3
(3) In the last years, the Union has adopted ambitious strategies to complete the Single Market and to stimulate sustainable growth and jobs, such as the Capital Markets Union, the Digital Single Market Strategy, the European Agenda for Culture, the Clean Energy for all Europeans package, the Union Action Plan for the Circular Economy, the Low- Emission Mobility Strategy, the Defence and the Space Strategy for Europe. The InvestEU Fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing.
Amendment 21 #
Proposal for a regulation
Recital 5
Recital 5
(5) The InvestEU Fund should contribute to improving the competitiveness of the Union, including in the field of innovation and digitisation, the sustainability of the Union's economic growth, the social resilience and inclusiveness and the integration of the Union capital markets, including solutions addressing their fragmentation and helping support the twofold value of the cultural and creative industries, diversifying sources of financing for the Union enterprises. To that end, it should support projects that are technically and economically viable by providing a framework for the use of debt, risk sharing and equity instruments underpinned by a guarantee from the Union's budget and by contributions from implementing partners. It should be demand-driven while support under the InvestEU Fund should at the same time focus on contributing to meeting policy objectives of the Union.
Amendment 27 #
Proposal for a regulation
Recital 6
Recital 6
(6) The InvestEU Fund should support investments in tangible and intangible assets, including cultural heritage, to foster growth, investment and employment, and thereby contributing to improved well- being and fairer income distribution in the Union. Intervention through the InvestEU Fund should complement Union support delivered through grants.
Amendment 39 #
Proposal for a regulation
Recital 14
Recital 14
(14) Whereas the level of overall investment in the Union is increasing, investment in higher-risk activities such as research and, innovation, culture and creativity is still inadequate. The resulting underinvestment in research and innovation is damaging to the industrial and economic competitiveness of the Union, social cohesion and the quality of life of its citizens. The InvestEU Fund should provide the appropriate financial products to cover different stages in the innovation cycle and a wide range of stakeholders, in particular to allow the upscaling of and deployment of solutions at a commercial scale in the Union, in order to make such solutions competitive on world markets.
Amendment 44 #
Proposal for a regulation
Recital 16
Recital 16
(16) Small and medium-sized enterprises (SMEs), in particular those in the cultural and creative sector, play a crucial role in the Union. However, they face challenges when accessing finance because of their perceived high risk and lack of sufficient collateral. Additional challenges arise from SMEs' need to stay competitive by engaging in digitisation, internationalisation and innovation activities and skilling up their workforce. Moreover, compared to larger enterprises, they have access to a more limited set of financing sources: they typically do not issue bonds, have only limited access to stock exchanges or large institutional investors. The challenge in accessing finance is even greater for those SMEs whose activities focus on intangible assets. SMEs in the Union rely heavily on banks and debt financing in the form of bank overdrafts, bank loans or leasing. Supporting SMEs that face the above challenges and providing more diversified sources of funding is necessary for increasing the ability of SMEs to finance their creation, growth and development, withstand economic downturns, and for making the economy and the financial system more resilient during economic downturn or shocks. This is also complementary to the initiatives already undertaken in the context of the Capital Markets Union. The InvestEU Fund should provide an opportunity to focus on specific, more targeted financial products.
Amendment 48 #
Proposal for a regulation
Recital 16 a (new)
Recital 16 a (new)
(16a) Cultural and creative industries (CCIs) have a dual and intrinsic value since, through their direct links to artists and creators, they preserve and promote cultural and linguistic diversity, and strengthen European, national, regional and local identities, while sustaining social cohesion and contributing substantially, with various value creation models, to creativity, investment, innovation and employment and acting as a driver of sustainable economic growth in the EU and its Member States;
Amendment 49 #
Proposal for a regulation
Recital 16 b (new)
Recital 16 b (new)
(16b) Employment in the cultural sector is unlikely to be offshored, as it is connected to specific cultural, often regional and historical competences. Moreover, CCIs contribute significantly and more than any other sector to youth employment and have proved to be most resilient during the post-2008 economic crisis. Employment in CCIs in fact rose throughout the EU between 2008 and 2014.
Amendment 56 #
Proposal for a regulation
Recital 17
Recital 17
(17) As set out in the reflection paper on the social dimension of Europe16 and the European Pillar of Social Rights17 , building a more inclusive and fairer Union is a key priority for the Union to tackle inequality and foster social inclusion policies in Europe. Inequality of opportunities affects in particular access to education, training and health, health, culture and cultural heritage. Investment in the social, skills and human capital-related economy, as well as in the integration of vulnerable populations in the, and in particular persons with a disability, in society, can enhance economic opportunities, especially if coordinated at Union level. The InvestEU Fund should be used to support investment in education and training, help increase employment, in particular among the unskilled and long-term unemployed, and improve the situation with regard to intergenerational solidarity, the health sector, homelessness, digital inclusiveness, community development, the role and place of young people in society as well as vulnerable people, including persons with a disability and third country nationals. The InvestEU Programme should also contribute to the support of European culture and creativity. To counter the profound transformations of societies in the Union and of the labour market in the coming decade, it is necessary to invest in human capital, microfinance, social enterprise finance and new social economy business models, including social impact investment and social outcomes contracting. The InvestEU Programme should strengthen the nascent social market eco-system, increasing the supply of and access to finance to micro- and social enterprises, to meet the demand of those who need it the most. The report of the High-Level Task-Force on Investing in Social Infrastructure in Europe18 has identified investment gaps in social infrastructure and services, including for education, training, health and housing, which call for support, including at the Union level. Therefore, the collective power of public, commercial and philanthropic capital, as well as support from foundations, should be harnessed to support the social market value chain development and a more resilient Union. _________________ 16 17COM(2017) 206. COM(2017) 206 final. 17 COM(2017) 250. COM(2017) 250 final. 18 Published as European Economy Discussion Paper 074 in January 2018.
Amendment 76 #
Proposal for a regulation
Article 3 – paragraph 2 – point c
Article 3 – paragraph 2 – point c
(c) to increase the access to and the availability of finance for SMEs and, in duly justified cases, for small mid-cap companies, in particular in the cultural and creative sector;
Amendment 79 #
Proposal for a regulation
Article 3 – paragraph 2 – point d
Article 3 – paragraph 2 – point d
(d) to increase the access to and the availability of microfinance and finance to social enterprises, cultural and creative industries, educational institutions, support financing and investment operations related to social investment, abilities and skills, and develop and consolidate social investment markets, in the areas referred to in point (d) of Article 7(1).
Amendment 88 #
Proposal for a regulation
Article 7 – paragraph 1 – point b
Article 7 – paragraph 1 – point b
(b) research, innovation and digitisation policy window: comprises research and innovation activities, transfer of research results to the market, demonstration and deployment of innovative solutions and support to scaling up of innovative companies other than SMEs as well as digitisation of Union industry and capacity building in the cultural and creative industries;
Amendment 93 #
Proposal for a regulation
Article 7 – paragraph 1 – point c
Article 7 – paragraph 1 – point c
(c) SMEs policy window: access to and availability of finance for SMEs and, in duly justified cases, for small mid-cap companies, particularly in the cultural and creative sector;
Amendment 96 #
Proposal for a regulation
Article 7 – paragraph 1 – point d
Article 7 – paragraph 1 – point d
(d) social investment and skills policy window: comprises microfinance, social enterprise finance and social economy; skills, education, training and related services; social infrastructure (including social and student housing); social innovation; health and long-term care; inclusion and accessibility; cultural activities with a social goal; cultural and creative industries (CCIs) with intercultural dialogue and social cohesion goals; integration of vulnerable people, including third country nationals.
Amendment 117 #
Proposal for a regulation
Article 20 – paragraph 2 – point f
Article 20 – paragraph 2 – point f
(f) supporting actions for capacity building to develop organisational capacities, skills and processes and accelerate investment readiness of organisations in order for promoters and authorities to build investment project pipelines and to manage projects and for financial intermediaries to implement financing and investment operations for the benefit of entities that face difficulties in obtaining access to finance, including through support to develop risk assessment capacity or sector specific knowledge, in particular in regard to the cultural and creative sector.
Amendment 121 #
Proposal for a regulation
Annex II – paragraph 1 – point 3 – point h a (new)
Annex II – paragraph 1 – point 3 – point h a (new)
(ha) addressing climate change and promoting sustainable cultural heritage, in particular strategies and instruments necessary to safeguarding tangible and intangible cultural heritage in Europe.
Amendment 123 #
Proposal for a regulation
Annex II – paragraph 1 – point 5 – point a a (new)
Annex II – paragraph 1 – point 5 – point a a (new)
(aa) new technology such as assistive technology applied to cultural and creative goods and services;
Amendment 124 #
Proposal for a regulation
Annex II – paragraph 1 – point 5 – point a b (new)
Annex II – paragraph 1 – point 5 – point a b (new)
(ab) cultural and creative industries and sectors, for example augmented reality/virtual reality, immersive environments, human computer interfaces, internet protocol and cloud infrastructures, 5G networks, new media;
Amendment 125 #
Proposal for a regulation
Annex II – paragraph 1 – point 6 – point f a (new)
Annex II – paragraph 1 – point 6 – point f a (new)
(fa) use of digital technology for the preservation and restoration of European tangible and intangible cultural heritage;
Amendment 126 #
Proposal for a regulation
Annex II – paragraph 1 – point 6 – point f b (new)
Annex II – paragraph 1 – point 6 – point f b (new)
(fb) technological management of intellectual property rights
Amendment 144 #
Proposal for a regulation
Recital 1
Recital 1
(1) With 1.8% of EU GDP, down from 2.2% in 2009, infrastructure investment activities in the Union in 2016 were about 20% below investment rates before the global financial crisis. Thus, while a recovery in investment-to-GDP ratios in the Union can be observed, it remains below what might be expected in a strong recovery period and is insufficient to compensate years of underinvestment. More importantly, the current investment levels and forecasts do not cover the Union’s structural investment needs in the face of technological change and global competitiveness, including for innovation, skills, infrastructure, micro-enterprises, small and medium- sized enterprises ('SMEs') and organisations, particularly from the cultural and creative sector, and the need to address key societal challenges such as sustainability or population ageing. Consequently, continued support is necessary to address market failures and sub-optimal investment situations to reduce the investment gap in targeted sectors to achieve the Union's policy objectives.
Amendment 169 #
Proposal for a regulation
Recital 5 a (new)
Recital 5 a (new)
Amendment 184 #
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) In the spirit of fostering long-term financing and sustainable growth, long- term investments strategies of insurance companies should be encouraged through a revision of the solvency requirements on the contributions for financing investment projects backed by the EU Guarantee in the framework of the InvestEU programme. In order to align the incentives of insurers towards the Union's objective of long term sustainable growth and to remove obstacle to investments under the InvestEU programme, the Commission should therefore take into account this revision as part of the review referred to in Article 77f (3) of Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II).
Amendment 222 #
Proposal for a regulation
Recital 17
Recital 17
(17) As set out in the reflection paper on the social dimension of Europe16 and the European Pillar of Social Rights17 , and the EU framework for the UN Convention on the Rights of Persons with disabilities, building a more inclusive and fairer Union is a key priority for the Union to tackle inequality and foster social inclusion policies in Europe. Inequality of opportunities affects in particular access to education, training and health, culture and cultural heritage, employment, health and social services . Investment in the social, skills and human capital- related economy, as well as in the integration of vulnerable populations in the society, in particular people with disabilities, can enhance economic opportunities, especially if coordinated at Union level. The InvestEU Fund should be used to support investment in education and training, help increase employment, in particular among the unskilled and long- term unemployed, and improve the situation with regard to intergenerational solidarity, the health sectorand social services sector, social housing, homelessness, digital inclusiveness, community development, the role and place of young people in society as well as vulnerable people, including people with disabilities and third country nationals. The InvestEU Programme should also contribute to the support of European culture and creativity. To counter the profound transformations of societies in the Union and of the labour market in the coming decade, it is necessary to invest in human capital, social infrastructure, sustainable and social finance, microfinance, social enterprise finance and new social economy business models, including social impact investment and social outcomes contracting. The InvestEU Programme should strengthen nascent social market eco-system, increasing the supply of and access to finance to micro- and social enterprises and social solidarity institutions, to meet the demand of those who need it the most. The report of the High-Level Task-Force on Investing in Social Infrastructure in Europe18 has identified a total investment gaps of at least EUR 1,5 trillion for the period between 2018 and 2030 in social infrastructure and services, including for education, training, health and housing, which call for support, including at the Union level. Therefore, the collective power of public, commercial and philanthropic capital, as well as support from alternative types of financial providers such as ethical, social and sustainable actors, and from foundations, should be harnessed to support the social market value chain development and a more resilient Union. _________________ 16 COM(2017) 206. 17 COM(2017) 250. 18 Published as European Economy Discussion Paper 074 in January 2018.
Amendment 290 #
Proposal for a regulation
Recital 29
Recital 29
(29) In selecting implementing partners for the deployment of the InvestEU Fund, the Commission should consider the counterpart's capacity to fulfil the objectives of the InvestEU Fund and contribute its own resourcesto it, in order to ensure adequate geographical coverage and diversification, to crowd-in private investors and to provide sufficient risk diversification as well as new solutions to address market failures and sub-optimal investment situations. Given its role under the Treaties, its capacity to operate in all Member States and the existing experience under the current financial instruments and the EFSI, the European Investment Bank (‘EIB’) Group should remain a privileged implementing partner under the InvestEU Fund's EU compartment. In addition to the EIB Group, national promotional banks or institutions ('NPBIs') should be able to offer a complementary financial product range given that their experience and capabilities at regional level could be beneficial for the maximisation of the impact of public funds on the territory of the Union. Moreover, it should be possible to have other international financial institutions as implementing partners, in particular when they present a comparative advantage in terms of specific expertise and experience in certain Member States. It should also be possible for other entities fulfilling the criteria laid down in the Financial Regulation to act as implementing partners.
Amendment 291 #
(30) In order to ensure that interventions under the EU compartment of the InvestEU Fund focus on market failures and sub- optimal investment situations at Union level, but, at the same time, satisfy the objectives of best possible geographic outreach, the EU guarantee should be allocated to implementing partners, which alone or together with other implementing partners, can cover at least three Member States. However, it is expected that around 75 % of the EU guarantee under the EU compartment would be allocated to implementing partnerone or more Member States. Where the implementing partners cover more than one Member State, the contractual responsibility of implementing partners should remain limited by their respective national mandates. With a view to promoting improved geographic diversification, dedicated regional investments platforms focussed on interested groups of Member States may be established, combining the efforts and expertise orf partners that can offer financial products under the InvestEU Fund in all Member Statesillar assessed financial institutions with national promotional banks with limited experience in the use of financial instruments. Such structures will be encouraged, including with available support from the InvestEU Advisory Hub. However, it is expected that at least 75 % of the EU guarantee under the EU compartment would be allocated to the EIB Group.
Amendment 328 #
Proposal for a regulation
Article 2 – paragraph 1 – point 1 a (new)
Article 2 – paragraph 1 – point 1 a (new)
(1a) 'financial contribution' means a contribution from an implementing partner in the form of own risk taking capacity and own financial support to the operations covered under this Regulation;
Amendment 334 #
Proposal for a regulation
Article 2 – paragraph 1 – point 4 a (new)
Article 2 – paragraph 1 – point 4 a (new)
(4a) 'proposals' means programmes, platforms or projects submitted by implementing partners for coverage under the EU guarantee and described in the guarantee agreement;
Amendment 379 #
Proposal for a regulation
Article 3 – paragraph 2 – point c
Article 3 – paragraph 2 – point c
(c) to increase the access to and the availability of finance for micro- enterprises, SMEs and, in duly justified cases, for small mid-cap companies;
Amendment 418 #
Proposal for a regulation
Article 7 – paragraph 1 – point c
Article 7 – paragraph 1 – point c
(c) SMEs policy window: access to and availability of finance for micro- enterprises, SMEs and, in duly justified cases, for small mid-cap companies;
Amendment 427 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – introductory part
Article 7 – paragraph 3 – subparagraph 2 – introductory part
The Commission guidanceinvestment guidelines shall allow to:
Amendment 435 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – point c a (new)
Article 7 – paragraph 3 – subparagraph 2 – point c a (new)
(ca) as regards the sectors referred to in point 8 in Annex 2, fully take into account the specificities of such sectors and foresee, for such financing and investment operations, at least the following: (i) types of loans suitable for promoting investments in tangible and intangible assets, with the exclusion of personal collateral; business transfers; working capital (such as interim finance, gap finance, cash flow, credit lines); (ii) the capacity to build a diversified loan portfolio and to propose a marketing and promotion plan to micro-enterprises, SMEs, and micro-, small- and medium- sized organisations across regions and sectors; (iii) financial intermediaries with additional expertise to evaluate the specific risks associated with micro- enterprises, SMEs, and micro-, small- and medium-sized organisations and with the cultural and creative projects.
Amendment 476 #
Proposal for a regulation
Article 9 – paragraph 1
Article 9 – paragraph 1
1. Amounts allocated by a Member State under Article [10(1)] of Regulation [[CPR] number] or Article [75(1)] of Regulation [[CAP plan] number] shall be used for the provisioning of the part of the EU guarantee under the Member State compartment covering financing and investment operations in the Member State concerned and can be used, at the discretion of the Member State, in agreement with the implementing partners, to guarantee any tranche of structured financial instruments.
Amendment 484 #
Proposal for a regulation
Article 9 – paragraph 3 – point a
Article 9 – paragraph 3 – point a
(a) the overall amount of the part of the EU guarantee under the Member State compartment pertaining to the Member State, its provisioning rate, the amount of the contribution from Funds under shared management, the constitution phase of the provisioning in accordance with an annual financial plan and the amount of the resulting contingent liability to be covered by a back-to-back guarantee provided by the Member State concerned; and/or by the implementing partners or private investors. At the discretion of the Member State the counter-guarantee may also cover the expected losses applicable to the use of the funds under shared management;
Amendment 541 #
For the EU compartment, the eligible counterparts shall have expressed their interest and shall be able to cover financing and investment operations in at least three Member States. The implementing partners may also cover together financing and investment operations in at least three Member States by forming a group. This criteria is also fulfilled when the implementing partners, whose contractual responsibility is limited by their respective mandate, address the market failure or suboptimal investment situation with respective, locally adapted, comparable instruments.
Amendment 582 #
Proposal for a regulation
Article 17 – paragraph 4 – subparagraph 1
Article 17 – paragraph 4 – subparagraph 1
The advisory board meeting of the representatives of the implementing partners shall be co-chaired by a representative of the Commission and the representative nominated by the European Investment Bank.
Amendment 609 #
Proposal for a regulation
Article 18 – paragraph 1
Article 18 – paragraph 1
1. A pProject tTeam consisting of experts, put at the disposal of the Commission by the implementing partners free of charge for the Union budget,independent and qualified experts shall be established.
Amendment 612 #
Proposal for a regulation
Article 18 – paragraph 2
Article 18 – paragraph 2
2. The Project Team shall be composed of remunerated independent experts that will be selected through an open call for application based on their recent proven knowledge, competence and experience in one or more tasks included in the mandate of the Team. Each implementing partner shall assign experts to the project team. The number of the experts shall be established in the guarantee agreement.
Amendment 622 #
Proposal for a regulation
Article 18 – paragraph 4 – subparagraph 3 – point c a (new)
Article 18 – paragraph 4 – subparagraph 3 – point c a (new)
(ca) the quality and contribution of the investment operation to sustainable growth and employment;
Amendment 625 #
Proposal for a regulation
Article 18 – paragraph 4 – subparagraph 3 – point c b (new)
Article 18 – paragraph 4 – subparagraph 3 – point c b (new)
(cb) the contribution of the investment operation to the realisation of the Programme's objectives;
Amendment 626 #
Proposal for a regulation
Article 18 – paragraph 4 – subparagraph 3 – point c c (new)
Article 18 – paragraph 4 – subparagraph 3 – point c c (new)
(cc) the technical and financial contribution to the project.
Amendment 630 #
Proposal for a regulation
Article 18 – paragraph 5
Article 18 – paragraph 5
Amendment 635 #
Proposal for a regulation
Article 18 – paragraph 8
Article 18 – paragraph 8
8. The Commission shall lay downbe empowered to adopt delegated acts in accordance with Article 26 to supplement this Regulation by establishing detailed rules for the scoreboard to enable the Investment Committee to approve the use of the EU guarantee for a proposed financing or investment operation. The scoreboard shall ensure an independent and transparent assessment of the potential and actual use of the EU guarantee.
Amendment 647 #
Proposal for a regulation
Article 19 – paragraph 2 – subparagraph 2
Article 19 – paragraph 2 – subparagraph 2
Each configuration of the Investment Committee shall be composed of sixeven remunerated external experts. The experts shall be selected in accordance with [Article 237] of the [Financial Regulation] and be appointed by the Commission for a fixed term of up to four years. Their term shall be renewable but shall not exceed seven years in total. The Commission may decide to renew the term of office of an incumbent member of the Investment Committee without availing itself of the procedure laid down in this paragraph.
Amendment 652 #
Proposal for a regulation
Article 19 – paragraph 2 – subparagraph 5
Article 19 – paragraph 2 – subparagraph 5
Four members shall be permanent members of all four configurations of the Investment Committee. In addition, the four configurations shall each have twohree experts with experience in investment in sectors covered by that policy window. At least one of the permanent members shall have expertise in sustainable investment, and one in cultural and creative policies. Their vote should be taken into account when deciding in the matters of their competence. The Commission shall assign the Investment Committee members to its appropriate configuration or configurations. The Investment Committee shall elect a chairperson from among its permanent members.
Amendment 669 #
Proposal for a regulation
Article 19 – paragraph 5 – subparagraph 1
Article 19 – paragraph 5 – subparagraph 1
Conclusions of the Investment Committee shall be adopted by simple majority of all members, which shall include the vote of at least one expert of the specific policy window. In case of a draw, the chair of the Investment Committee has the casting vote.
Amendment 673 #
Proposal for a regulation
Article 19 – paragraph 5 – subparagraph 2 a (new)
Article 19 – paragraph 5 – subparagraph 2 a (new)
Conclusions leading to refusing the support of the EU guarantee shall be made available to the concerned implementing partners.
Amendment 681 #
Proposal for a regulation
Article 19 – paragraph 6
Article 19 – paragraph 6
6. Where the Investment Committee is requested to approve the use of the EU guarantee for a financing or investment operation that is a facility, programme or structure which has underlying sub- projects, that approval shall comprise the underlying sub-projects, unless the Investment Committee decides to retain the right to approve them separately.
Amendment 696 #
Proposal for a regulation
Article 20 – paragraph 2 – point f
Article 20 – paragraph 2 – point f
(f) supporting actions for capacity building to develop organisational capacities, skills and processes and accelerate investment readiness of organisations in order for promoters and authorities to build investment project pipelines and to manage projects and for financial intermediaries to implement financing and investment operations for the benefit of entities that face difficulties in obtaining access to finance, including through support to develop risk assessment capacity or sector specific knowledge, with particular concern for the cultural and creative sectors.
Amendment 711 #
Proposal for a regulation
Article 21 a (new)
Article 21 a (new)
Article 21a Synergies and complementarities with other Union programmes The Commission and the implementing partners shall ensure that the investEU programme exploits all complementarities and synergies with grant financing and other actions under the policy areas it supports, in line with the objectives of other EU programmes, such as Horizon Europe, the Connecting Europe Facility, the Digital Europe Programme, the Single Market, Competitiveness of SMEs and European Statistics Programme, the European Space Programme, the European Social Fund+, the Creative Europe, the Programme for Environment & Climate Action (LIFE) and the European Defence Fund.
Amendment 802 #
Proposal for a regulation
Annex II – paragraph 1 – point 8
Annex II – paragraph 1 – point 8
8. Cultural and creative sectors; media, audio-visual sector and journalism, in particular through, but not limited to: (a) new technologies such as assistive technologies applied to cultural and creative goods and services; (b) cultural and creative industries and sectors, for example augmented reality/virtual reality, immersive environments, human computer interfaces, internet protocol and cloud infrastructures, 5G networks, new media; (c) use of digital technology for the preservation and restoration of European tangible and intangible cultural heritage; (d) technological management of intellectual property rights.