[ParlTrack]

Proposal for a regulation
Article 18

Regulation (EU) N° 1291/2013
Article 6 – Paragraphs 1, 2, 3 and Annex II

Amendments to Regulation (EU) No Regulation (EU) No 1291/2013 is hereby amended as follows: (1) In Article 6, paragraphs 1, 2 and 3 are replaced by the following: '1. The financial envelope for the implementation of Horizon 2020 is set at EUR 74 328,3 million in current prices, of which a maximum of EUR 71 966,9 million shall be allocated to activities under Title XIX TFEU. The annual appropriations shall be authorised by the European Parliament and by the Council within the limits of the multiannual financial framework. 2. The amount for activities under Title XIX TFEU shall be distributed among the priorities set out in Article 5(2) of this Regulation as follows: (a) Excellent science, EUR 23 897,0 million in current prices; (b) Industrial leadership, EUR 16 430,5 million in current prices; (c) Societal challenges, EUR 28 560,7 million in current prices. The maximum overall amount for the Union financial contribution from Horizon 2020 to the specific objectives set out in Article 5(3) and to the non-nuclear direct actions of the JRC shall be as follows: (i) Spreading excellence and widening participation, EUR 782,3 million in current prices; (ii) Science with and for society, EUR 443,8 million in current prices; (iii) Non-nuclear direct actions of the JRC, EUR 1 852,6 million in current prices. The indicative breakdown for the priorities and specific objectives set out in Article 5(2) and (3) is set out in Annex II. 3. The EIT shall be financed through a maximum contribution from Horizon 2020 of EUR 2 361,4 million in current prices as set out in Annex II.' (2) Annex II is replaced by the text set out in Annex I to this Regulation.rticle 18 deleted 1291/2013

2015/03/13
Committee: IMCO

Catherine STIHLER, Lucy ANDERSON

Proposal for a regulation
Article 19

Regulation (EU) No 1316/2013
Article 5 – Paragraph 1

In Article 5 of Regulation (EU) No 1316/2013, paragraph 1 is replaced by the following: ‘1. The financial envelope for the implementation of the CEF for the period 2014 to 2020 is set at EUR 29 942 259 000 (*) in current prices. That amount shall be distributed as follows: (a) transport sector: EUR 23 550 582 000, of which EUR 11 305 500 000 shall be transferred from the Cohesion Fund to be spent in line with this Regulation exclusively in Member States eligible for funding from the Cohesion Fund; (b) telecommunications sector: EUR 1 041 602 000; (c) energy sector: EUR 5 350 075 000. These amounts are without prejudice to the application of the flexibility mechanism provided for under Council Regulation (EU, Euratom) No 1311/2013(*). (*) Council Regulation (EU, Euratom) No 1311/2013 of 2 December 2013 laying down the multiannual financial framework for the years 2014-20 (OJ L 347, 20.12.2013, p. 884).’19 deleted Amendment to Regulation (EU) No 1316/2013

2015/03/13
Committee: IMCO

Neena GILL, Clare MOODY, Catherine STIHLER, Richard CORBETT

Proposal for a regulation
Recital 12 a (new)

(12a) Taking into account that creative industries in Europe make a substantial contribution to the EU economy, creating more than €550 billion in value added to the GDP and providing 8.3 million full-time jobs, financing under the EFSI should also foster investment and growth in the creative and cultural sector and strengthen Europe's cultural and creative industries, in particular start- ups, innovative SMEs and creative businesses.

2015/03/19
Committee: BUDG ECON

Neena GILL, Clare MOODY, Catherine STIHLER, Richard CORBETT

Proposal for a regulation
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. 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. With the aim to better protect and reap commercial and economic benefits from EU co-funded initiatives, a set of rules as established in Horizon 2020 concerning the exploitation and dissemination of project results, including their protection through intellectual property, should be respected by the participants of EFSI projects.

2015/03/19
Committee: BUDG ECON

Neena GILL, Clare MOODY, Catherine STIHLER, Richard CORBETT

Proposal for a regulation
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. 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~~.

2015/03/19
Committee: BUDG ECON

Neena GILL, Clare MOODY, Catherine STIHLER, Richard CORBETT

Proposal for a regulation
Recital 16 a (new)

(16a) When carrying out the tasks conferred on them by this Regulation, the governing bodies of the EFSI (namely, the Steering Board and the Investment Committee) should act independently and in the interests of the EFSI and should not seek or take instructions from any public or private body.

2015/03/19
Committee: BUDG ECON

Neena GILL, Clare MOODY, Catherine STIHLER, Richard CORBETT

Proposal for a regulation
Recital 17 a (new)

(17a) The Investment Committee should establish a set of transparent, fair and objective criteria for project evaluation, which should be publicly known and which should serve the Investment Committee in their deliberations. The results of the deliberations of the Investment Committee should be publicly known.

2015/03/19
Committee: BUDG ECON

Neena GILL, Clare MOODY, Catherine STIHLER, Richard CORBETT

Proposal for a regulation
Recital 23 a (new)

(23a) As national contributions to the EFSI will not be taken into account by the Commission when defining the fiscal adjustment under the preventive and the corrective arm of the Stability and Growth Pact, Eurostat should adopt as soon as possible the rules for the statistical recording and categorisation of Member State contributions to EFSI in order to create predictability and certainty for Member States when they prepare their presentation of their stability and convergence programmes and national reform programmes.