EU budget: Commission proposes new Solvency Support Instrument and enhanced InvestEU Programme
The European Commission has proposed a new Solvency Support Instrument (SSI) to incentivise private investments with the aim to foster the EU economy. The SSI will have an overall budget of 31 billion euros and aims to unlock 300 billion euros in solvency support for companies in the sectors, regions and countries most economically affected by the pandemic. The proposal for the new SSI, which may be operational from 2020 and will be temporary, builds on the existing European Fund for Strategic Investments.
The Commission has also presented a new proposal for an InvestEU Programme, Europe’s flagship investment programme, and has withdrawn its earlier proposal from May 2018. The new proposal includes two main changes in respect of t