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REPORT (COM(2025)0084 – C100036/2025 – 2025/0040(COD))

On the proposal for a regulation of the European Parliament and of the Council amending Regulations (EU) 2015/1017, (EU) 2021/523, (EU) 2021/695 and (EU) 2021/1153 as regards increasing the efficiency of the EU guarantee under Regulation (EU) 2021/523 and simplifying reporting requirements

A-10-2025-0117

Committee on Budgets Committee on Economic and Monetary Affairs · Rapporteur: Aura Salla, Irene Tinagli

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Written by a language model from the full text only; every figure comes from the text. The paragraph links open the paragraph a statement rests on — check the text itself before relying on it.

Parliament's amended version of the proposed regulation amends the InvestEU Regulation and related acts to increase the EU guarantee, add an InvestEU financial instrument, and simplify reporting. It raises the EU guarantee to EUR 30 652 310 073, allows Member States to contribute in a fully funded manner, and reduces reporting for small operations. It also enables combining support from legacy instruments and adjusts the SME definition and reporting requirements.

Committee position. The Committee on Budgets and Committee on Economic and Monetary Affairs propose to amend the Commission proposal to increase the EU guarantee, introduce an InvestEU financial instrument, and simplify reporting.

Key points

  1. The EU guarantee for the EU compartment is set at EUR 30 652 310 073 in current prices, with EUR 15 827 310 073 allocated for specific objectives.
  2. An InvestEU financial instrument is established under the Member State compartment, allowing Member States to contribute funds from shared management or additional amounts.
  3. Member States may combine amounts in a layered structure with the EU compartment, respecting EU value-added and fair competition.
  4. Reporting requirements are reduced: implementing partners are exempt from reporting on most key performance indicators for operations up to EUR 300 000.
  5. The SME definition is adjusted to allow solemn declarations on ownership autonomy and to simplify headcount calculations.
  6. Support from the EU guarantee and legacy instruments (EFSI, CEF Debt Instrument, InnovFin) may be combined for eligible operations.
  7. The Commission must provide Parliament and the Council with names of implementing partners and main content of guarantee agreements upon request.
  8. The financial envelope for advisory and operational tasks is set at EUR 630 000 000, with up to EUR 450 000 000 for advisory initiatives.
  9. Contracts implementing the InvestEU financial instrument must be signed by 31 December 2028.
  10. The Commission should assess reducing the provisioning confidence level from 95% to 90%.

Who is affected

  • Implementing partners such as the EIB and EIF: they receive a larger EU guarantee and must provide annual reports and audited financial statements.
  • Small and medium-sized enterprises: benefit from simplified reporting and adjusted SME definition.
  • Member States: can contribute to the InvestEU financial instrument and combine resources with the EU compartment.
  • Final recipients of small operations (up to EUR 300 000): face reduced reporting requirements.

Figures and deadlines

  • EUR 30 652 310 073: EU guarantee for the EU compartment.
  • EUR 15 827 310 073: amount allocated for specific objectives.
  • EUR 630 000 000: financial envelope for Chapters VI and VII.
  • EUR 450 000 000: maximum for advisory initiatives and operational tasks.
  • EUR 300 000: threshold for exempting reporting on key performance indicators.
  • 75% of EU guarantee (EUR 22 989 232 555) to EIB Group; EIB Group contributes EUR 5 747 308 139.
  • 31 December 2028: deadline for signing contracts implementing the InvestEU financial instrument.

Legal basis: Articles 172, 173, 175 (third paragraph), 182(1), 188 (second paragraph), 183 and 194 of the Treaty on the Functioning of the European Union.