InvestEU: Commission appoints Investment Committee

© European Union, 2021, Source: EC - Audiovisual Service© European Union, 2021, Source: EC - Audiovisual Service

The European Commission on Tuesday, 27 July, appointed 12 external experts as members of the Investment Committee of the InvestEU Fund for a term of four years. The 12 members of the Investment Committee – four permanent and eight non-permanent members – were selected and appointed by the Commission at the recommendation of the InvestEU Steering Board. They represent a broad knowledge and expertise in the relevant fields and sectors covered by the InvestEU programme. The Investment Committee will be gender-balanced and include members from across the EU to ensure deep insights in geographic markets in the EU. The appointment of the independent Investment Committee is another milestone for the implementation of the InvestEU programme, which will provide the EU with crucial long-term funding, crowding in the necessary important private investments in support of a sustainable recovery and helping build a greener, more digital and more resilient European economy. The Investment Committee decides on the granting of the EU guarantee to investment and financing operations proposed by the implementing partners under the InvestEU programme. The fully independent Committee is taking its decisions based on the guarantee request form and scoreboard provided by the implementing partners to ensure compliance with the InvestEU Regulation and the Investment Guidelines. The Investment Committee will operate in four compositions, corresponding to the four policy windows of the InvestEU programme: sustainable infrastructure; research, innovation and digitalisation; small and medium-sized companies; and social investment and skills.