Activities of Pervenche BERÈS related to 2018/0229(COD)
Plenary speeches (2)
InvestEU (debate) FR
Establishing the InvestEU Programme (debate) FR
Amendments (25)
Amendment 63 #
Proposal for a regulation
Recital 5 a (new)
Recital 5 a (new)
(5a) Access to finance remains an essential issue for companies in the cultural and creative sector. To further develop this highly innovation sector, the dedicated guarantee facility created in Creative Europe will be continued under InvestEU as it has showed to successfully strengthen the financial capacity and competitiveness of cultural and creative sectors companies.
Amendment 65 #
Proposal for a regulation
Recital 5 c (new)
Recital 5 c (new)
(5c) Cultural and creative sectors are one of the most resilient and fastest growing sectors of the European economy, which generate economic and cultural value from intellectual property and individual creativity. However, the intangible nature of their assets limits their access to private financing. Thus, one of the greatest challenges for the sectors is to increase their access to finance, which is essential to invest, scale- up and compete at the international level. Therefore the InvestEU Programme should facilitate access to finance for SMEs and organisations from cultural and creative sectors.
Amendment 139 #
Proposal for a regulation
Recital -1 (new)
Recital -1 (new)
(-1) The European Fund for Strategic Investments has proved to be a valuable tool for the mobilization of private investments through the use of EU Guarantee and the own resources of the EIB Group;
Amendment 148 #
Proposal for a regulation
Recital 1 a (new)
Recital 1 a (new)
(1a) A permanent EU counter-cyclical strategic investment instrument is needed;
Amendment 163 #
(5) The InvestEU Fund should contribute to making the EU economy and the financial system more resilient during economic and downturn shocks by financing counter-cyclical and sustainable growth enhancing long-term investments, 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 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 170 #
Proposal for a regulation
Recital 5 a (new)
Recital 5 a (new)
(5a) Access to finance remains an essential issue for companies in the cultural and creative sector. To further develop this highly innovation sector, the dedicated guarantee facility created in Creative Europe will be continued under Invest EU as it has showed to successfully strengthen the financial capacity and competitiveness of cultural and creative sectors companies.
Amendment 171 #
Proposal for a regulation
Recital 5 b (new)
Recital 5 b (new)
(5b) Cultural and creative sectors are one of the most resilient and fastest growing sectors of the European economy, which generate economic and cultural value from intellectual property and individual creativity. However, the intangible nature of their assets limits their access to private financing. Thus, one of the greatest challenges for the sectors is to increase their access to finance, which is essential to invest, scale- up and compete at the international level. Therefore the Invest EU Programme should facilitate access to finance for SMEs and organisations from cultural and creative sectors.
Amendment 250 #
Proposal for a regulation
Recital 23 a (new)
Recital 23 a (new)
(23a) The InvestEU programme should ensure that the EU guarantee at Union level is also used as a counter-cyclical investment instrument. The Commission shall assess each year during the Autumn cycle of the European Semester the economic prospects of the Member States using the InvestEU programme, including its contribution to the number of jobs created and sustainable development goals. Taking into consideration this forecast for the EU economic cycle the Commission shall, for the next budgetary exercise, adjust the amount of the EU guarantee available, the provisioning rate to be applied and the multiplier to be achieved.
Amendment 251 #
Proposal for a regulation
Recital 23 b (new)
Recital 23 b (new)
(23b) To adjust these values, the Commission shall take into consideration the global amount of the EU guarantee already assigned, the average provisioning rate ensured and the average multiplier achieved for the given period of time and by programme.
Amendment 253 #
Proposal for a regulation
Article 7 – paragraph 4 a (new)
Article 7 – paragraph 4 a (new)
4a. The SMEs policy window shall further develop the different EU guarantee facilities merged under InvestEU, in particular the Cultural and Creative Sectors Guarantee Facility from the Creative Europe Programme.
Amendment 327 #
(-1) 'additionality' means additionality as defined in Article 8a (new);
Amendment 346 #
Proposal for a regulation
Article 2 – paragraph 1 – point 10 a (new)
Article 2 – paragraph 1 – point 10 a (new)
(10a) 'Market failure' means the inefficient allocation of resources by the market, resulting in viable projects or businesses being unable to obtain the necessary finance from market sources due to risk assessment or unreasonable terms, or resulting in speculative bubbles;
Amendment 352 #
(16a) 'Sub-optimal investments' means underinvestment as businesses or projects scale back, delay or abandon investment plans, or the difference between existing levels of investment and the level required to meet a policy, strategic objective or economic sustainable growth.
Amendment 354 #
Proposal for a regulation
Article 3 – paragraph 1 – point -a (new)
Article 3 – paragraph 1 – point -a (new)
(-a) The management of economic cycles in the Union;
Amendment 437 #
Proposal for a regulation
Article 7 – paragraph 4 a (new)
Article 7 – paragraph 4 a (new)
4a. The SMEs policy window shall further develop the different EU guarantee facilities merged under Invest EU, in particular the Cultural and Creative Sectors Guarantee Facility from the Creative Europe Programme.
Amendment 452 #
Proposal for a regulation
Annex II – paragraph 1 – point 8
Annex II – paragraph 1 – point 8
8. Cultural and creative sectors; media, augaming industry; fashion industry; medioa-visual sector and journalism; European Cultural Heritage Cloud.
Amendment 471 #
Proposal for a regulation
Article 8 a (new)
Article 8 a (new)
Article 8a Additionality 1. For the purposes of this Regulation, 'additionality' means the support by the InvestEU Fund of operations which address market failures or sub-optimal investment situations and which cannot be carried out during the period in which the EU guarantee can be used, or not to the same extent, by implementing partners without InvestEU Fund support. Projects supported by the InvestEU Fund shall contribute to the objectives laid down in Article 3 and shall boost the creation of employment and sustainable growth. 2. Without prejudice to the requirement set in paragraph 1, 'additionality' shall also be considered to exist in projects proposed by the EIB or implementing partners that carry a risk corresponding or equivalent to the EIB special activities, as defined in Article 16 of the EIB Statute.
Amendment 570 #
Proposal for a regulation
Article 16 a (new)
Article 16 a (new)
Article 16a Counter-cyclical use of the InvestEU Fund 1. In order to meet the InvestEU programme objective referred to in Article 3 (-a)(new) the Commission shall assess each year during the Autumn cycle of the European Semester the overall budgetary situation and macroeconomic prospects of the Member States and the EU as a whole. 2. When the Commission’s annual forecast determines that the risk of reduction in public and private investments, affecting the economic growth of the Union exists, it shall propose to the European Parliament and the Council the use of the Invest EU fund and EU guarantee to invert this cycle. 3. The Commission is empowered to adopt a delegated act in accordance with Article 26 proposing the increase or decrease of the available EU guarantee amount for that year, the provisioning rate to be used and the new multiplier to be achieved in order to leverage additional financing.
Amendment 721 #
Proposal for a regulation
Article 22 – paragraph 5
Article 22 – paragraph 5
5. In addition, each implementing partner shall submit every sixthree months a report to the Commission on the financing and investment operations covered by this Regulation, broken down by the EU compartment and the Member State compartment by Member State, as appropriate. The report shall include an assessment of compliance with the requirements on the use of the EU guarantee and with the key performance indicators laid down in Annex III to this Regulation. The report shall also include operational, statistical, financial and accounting data on each financing and investment operation and at the compartment, policy window and the InvestEU Fund level. One of those reports shall contain the information the implementing partners shall provide in accordance with [Article 155(1)(a)] of the [Financial Regulation].
Amendment 723 #
Proposal for a regulation
Article 22 – paragraph 5 a (new)
Article 22 – paragraph 5 a (new)
5a. The Commission shall present to the Parliament and the Council in the last quarter of the year an estimate of the use of the EU guarantee, the provisioning rate applied, the number of jobs created, the contribution to sustainable development goals and the average multiplier achieved for the projects financed in that year, and make a proposal for the following year by virtue of the cyclical position of the EU economy in accordance with the provisions of Article 16a.
Amendment 739 #
Proposal for a regulation
Article 23 – paragraph 6
Article 23 – paragraph 6
6. In accordance with [Article 211(1)] of the [Financial16a of this Regulation], the Commission shall every three years include in the annual report referred to in [Article 250] of the [Financial Regulation]16a a review of the adequacy of the provisioning rate laid down in Article 4(1) of this Regulation against the actual risk profile of the financing and investment operations covered by the EU guarantee. The Commission is empowered to adopt delegated acts in accordance with Article 26 in order to adjust, on the basis of that review, the provisioning rate laid down in Article 4(1) of this Reg, the amount of the EU guarantee used, the provisioning rate applied, the number of jobs created, the contribution to sustainable development goals and the average mulation by up to 15%plier achieved.
Amendment 743 #
Proposal for a regulation
Article 26 – paragraph 2
Article 26 – paragraph 2
2. The power to adopt delegated acts referred to in Articles 7(6), 22(216a(3), 22(2), 22(5a) and 23(6) shall be conferred on the Commission for a period of fiseven years from [entry into force of this Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of that five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 744 #
Proposal for a regulation
Article 26 – paragraph 3
Article 26 – paragraph 3
3. The delegation of power referred to in Articles 7(6), 22(216a(3), 22(2), 22(5a) and 23(6) may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force.
Amendment 745 #
Proposal for a regulation
Article 26 – paragraph 6
Article 26 – paragraph 6
6. A delegated act adopted pursuant to Articles 7(6), 22(216a(3), 22(2), 22(5a) and 23(6) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of two months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by two months at the initiative of the European Parliament or of the Council.
Amendment 803 #
Proposal for a regulation
Annex II – paragraph 1 – point 8
Annex II – paragraph 1 – point 8
8. Cultural and creative sectors; media, augaming industry; fashion industry; medioa-visual sector and journalism; European Cultural Heritage Cloud.