The EU’s plan to fit all of its financing instruments into one programme in 2021 could cause it to invest in fewer of the high-risk endeavours that it wants to support, a study has warned.
A group of researchers from several European policy think tanks investigated EU innovation funding for the European Parliament’s budgetary affairs committee, which published their results on 30 April. The researchers combined desk research with 30 in-depth interviews with EU officials.
Several of those who spoke to the researchers raised concerns that the EU’s signed-off plan to fold its 14 existing investment instruments into a single programme called InvestEU in 2021 “will reduce the EU’s capacity to finance high-risk operations”, the report said.
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