16 Amendments of Silvia COSTA related to 2018/0229(COD)
Amendment 31 #
Proposal for a regulation
Recital 12 a (new)
Recital 12 a (new)
(12a) Cultural heritage is of great value to European society from a cultural, environmental, social and economic point of view, and thus its sustainable management constitutes a strategic choice for the 21st century, as stressed by the Council in its conclusions of 21 May 201415 a. Nevertheless the contribution of cultural heritage in terms of value creation, skills and jobs, and quality of living is underestimated; _________________ 15 a Council conclusions of 21 May 2014 on cultural heritage as a strategic resource for a sustainable Europe (OJ C 183, 14.6.2014, p. 36).
Amendment 32 #
Proposal for a regulation
Recital 12 b (new)
Recital 12 b (new)
(12b) Hence the European Year of Cultural Heritage contributes to enhancing and disseminating the contribution of European cultural heritage to society and the economy through its direct and indirect economic potential. This includes the capacity to underpin the cultural and creative sectors, including small and medium-sized enterprises and inspire creation and innovation, promote sustainable development and sustainable tourism, enhance social cohesion and generate long-term employment;
Amendment 40 #
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 and culture is still inadequate. The resulting underinvestment in research and, innovation and culture is damaging to the industrial and economic competitiveness of the Union 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 57 #
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, culture and health. Investment in the social, skills and human capital-related economy, as well as in the integration of vulnerable populations in the 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 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 COM(2017) 206 final. 17 COM(2017) 250 final. 18 Published as European Economy Discussion Paper 074 in January 2018.
Amendment 80 #
Proposal for a regulation
Article 3 – paragraph 2 a (new)
Article 3 – paragraph 2 a (new)
2a. In pursuing the specific objectives referred to in paragraph 2, the InvestEU Programme shall support financing and investment operations in the cultural, creative and audiovisual sectors referred to in point 8 of Annex II as a cross- cutting objective in close synergy with the provisions in the Regulation establishing the Creative Europe programme (2021- 2027).
Amendment 87 #
Proposal for a regulation
Article 7 – paragraph 1 – point a
Article 7 – paragraph 1 – point a
(a) sustainable infrastructure policy window: comprises sustainable investment in the areas of transport, energy, digital connectivity, culture, supply and processing of raw materials, space, oceans and water, waste, nature and other environment infrastructure, equipment, mobile assets and deployment of innovative technologies that contribute to the environmental or social sustainability objectives of the Union, or to both, or meet the environmental or social sustainability standards of the Union;
Amendment 89 #
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 Union's cultural and creative sectors;
Amendment 99 #
Proposal for a regulation
Article 7 – paragraph 1 – point d
Article 7 – paragraph 1 – point d
(d) social and cultural investment and skills policy window: comprises microfinance, social enterprise finance and, social economy and the not-for-profit sector; 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; integration of vulnerable people, including third country nationals.
Amendment 101 #
Proposal for a regulation
Article 7 – paragraph 5
Article 7 – paragraph 5
5. Implementing partners shall target that at least 510 % of the investment under the sustainable infrastructureSME policy window contributes to meeting the Union objectives on climatulture and environmentcultural heritage, in synergy with the provisions laid down in the Regulation establishing the Creative Europe programme (2021-2027).
Amendment 111 #
Proposal for a regulation
Article 19 – paragraph 2 – subparagraph 4
Article 19 – paragraph 2 – subparagraph 4
The composition of the Investment Committee shall ensure that it has a wide knowledge of the sectors covered by the policy windows referred to in Article 7(1) and of the geographic markets in the Union and that it is gender-balanced as a whole. Owing to the specificity of the financing and investment operations in the sectors referred to in point 8 of Annex II to this programme, and the associated risk, the presence of an expert with experience in investment in the cultural, creative and audiovisual sectors shall be ensured for each policy window. The vote of said expert shall be taken into account in the tasks assigned to the investment committees referred to in paragraph 1.
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 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 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 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 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.