Pan European Networks - Horizon 2020 - page 21

The Presidency aims to implement the Investment Plan for Europe as
soon as possible so that the EFSI is already operable in the middle of
this year and attraction of investment can be started. Although the
deadline set by the European Council is ambitious, we are confident that
we will be able to respect it.
What are the main benefits of the Investment Plan for
Latvia and other EU member states?
It is envisaged that the Investment Plan must meet the interests of all
EU member states, and it is important to note that there is no limit to the
number of projects that EU member states can have funded. The main
project evaluation criteria will be economic viability and contribution to
the EU economy.
The main benefits of the Investment Plan for Europe will be the
attraction of new investments and support for significant projects and
businesses that will contribute to overall economic development and
create new jobs. This will be an important complement to other
investment and aid tools.
How will the plan impact on Horizon 2020?
Horizon 2020 will play a significant role in the attraction of investments.
Similar to the Investment Plan for Europe, it aims to attract private
investments to promote economic growth and competitiveness.
For research organisations, if their scope of activity falls within the
investment segments set out in the Investment Plan, they are eligible
for funding and can compete with other applications at the project
selection phase. If a project is economically viable and could contribute
to the EU economy, there is the possibility of receiving funding for its
development. I believe that the Investment Plan for Europe and Horizon
2020 will be complementary.
How will the Investment Plan contribute to meeting the
priorities of the Latvian Council Presidency?
Economic growth is essential not only for Latvia but also for the entire
EU. Therefore, the most significant economic and financial priority of the
Latvian Council Presidency is growth of the entire Union, which is
consistent with the overall priority of the Presidency – achieving a
‘Competitive Europe’.
Europe must become more competitive in order to achieve economic
growth. There is a need to promote investment, particularly in new
competitive products and services. Only through the development of
competitive sectors of industry and services can Europe contribute to
the creation of jobs and thus ensure social cohesion. This objective can
be achieved by growth-enhancing investment measures strictly rooted
in effective structural reforms and well-considered fiscal policy. The
Investment Plan for Europe will be one of the cornerstones to facilitate
the economic growth and competitiveness of Europe.
Jaˉnis Reirs
Minister for Finance, Latvia
B R OW S E
H O R I Z O N
2 0 2 0
H O R I Z O N 2 0 2 0 P R O J E C T S : P O R TA L
I S S U E S I X
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S P E C I A L F E AT U R E : A N I N V E S T M E N T P L A N F O R E U R O P E ?
Investment offensive
In December, a special EU taskforce
comprising the European Investment Bank
(EIB), the European Commission and EU
member states published a report
identifying 2,000 projects across Europe
that have potential for investment.
Collectively worth €1.3 trillion, the projects
cover the fields of energy, transport, social
infrastructure, the digital economy and the environment; the
projects list includes over €500bn worth of projects that could
potentially be implemented between now and 2017. However,
many of the projects are yet to be realised due to financial,
regulatory or other barriers.
Commenting on the report, the president of the EIB, Werner Hoyer
(pictured), said: “The work of the taskforce demonstrates that there
are enough investment projects in Europe. EU member states
provided a great number of proposals on which we can build to
create a pipeline of projects and ensure we put money where it can
best meet demand.
“Now we need to assess the projects and select those that are
economically viable and can best foster the competitiveness of
Europe’s economy. The EIB stands ready to finance those projects
on the list, as well as any other, that meet the relevant viability and
strategic relevance criteria. It is also urgent to tackle the significant
non-financial barriers identified by the taskforce that prevent
investment for viable projects from materialising.”
The taskforce recommends the creation of a transparent pipeline of
investment projects, as envisaged by the Investment Plan for
Europe. This, says the Commission and EIB, is an essential
measure to restore confidence and encourage investors to invest
and build expertise in Europe.
In December 2014, EU member state leaders formally endorsed the Juncker
Investment Plan
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