Date: 2022-10-20Category: Not ApplicableState: Union GovernmentCountry: Europe
Commission Implementing Decision (EU) 2022/1980 of 19 October 2022 amending Implementing Decision (EU) 2021/626 establishing the InvestEU Portal and setting out its technical specifications (Text with EEA relevance)
Issued by European Commission
· Directorate-General for Economic and Financial Affairs
**Policy Summary: Commission Implementing Decision (EU) 2022/1980 amending Implementing Decision (EU) 2021/626 regarding the InvestEU Portal**
This Commission Implementing Decision (EU) 2022/1980, issued on October 19, 2022, amends Commission Implementing Decision (EU) 2021/626, which established the InvestEU Portal and its technical specifications. The key changes are:
1. **Expansion of Project Eligibility:** The amendment extends the geographical scope of eligible projects to include those situated in European Free Trade Association (EFTA) States, as well as overseas countries or territories linked to a Member State as outlined in Annex II to the Treaty on the Functioning of the European Union. For cross-border projects, the principal part of the implementation must occur within the Union, EFTA States, or the aforementioned overseas countries/territories.
2. **Clarification of Project Maturity:** The decision clarifies the maturity of eligible projects, stipulating that project implementation must have already commenced or is expected to commence within three years from the date of submission to the InvestEU Portal.
This decision is based on Article 26 of Regulation (EU) 2021/523, which establishes the InvestEU Programme and amends Regulation (EU) 2015/1017. The decision entered into force on the third day following its publication in the Official Journal of the European Union (October 20, 2022). The objective of these amendments is to broaden the reach and clarify the criteria for projects listed on the InvestEU Portal.
Key Entities Referenced
European Union: A political and economic union of member states located primarily in Europe.
InvestEU Programme: An investment support program established by Regulation EU 2021/523.
European Parliament: The directly elected parliamentary assembly of the European Union.
Council: Refers to the Council of the European Union.
InvestEU Portal: A platform for matching projects with investors, established by Commission Implementing Decision EU 2021/626.
European Free Trade Association (EFTA): A regional trade organization and free trade area consisting of Iceland, Liechtenstein, Norway and Switzerland.
Ursula VON DER LEYEN: The President of the European Commission.
Brussels: The de facto capital of the European Union, located in Belgium.
20.10.2022 EN Official Journal of the European Union L 272/21
COMMISSION IMPLEMENTING DECISION (EU) 2022/1980
of 19 October 2022
amending Implementing Decision (EU) 2021/626 establishing the InvestEU Portal and setting out its
technical specifications
(Text with EEA relevance)
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Regulation (EU) 2021/523 of the European Parliament and of the Council establishing the InvestEU
Programme and amending Regulation (EU) 2015/1017(1), and in particular Article 26 thereof,
Whereas:
(1) Commission Implementing Decision (EU) 2021/626(2)establishing the InvestEU Portal should be amended in order
to enable projects from the European Free Trade Association (EFTA) States to be published on the InvestEU Portal.
(2) Implementing Decision (EU) 2021/626 should also be amended in order to clarify the maturity of projects that are
eligible to be published on the InvestEU Portal,
HAS ADOPTED THIS DECISION:
Article 1
Article 2 of Implementing Decision (EU) 2021/626 is amended as follows:
(1) point (e) is replaced by the following:
‘(e) the project shall be situated in the Union, in an European Free Trade Association (EFTA) State or in an overseas
country or territory linked to a Member State as set out in Annex II to the Treaty. In the case of a cross-border
project, the principal part of the implementation of project shall take place in the Union, in the EFTA States or in
an overseas country or territory linked to a Member State as set out in Annex II to the Treaty;’;
(2) point (g) is replaced by the following:
‘(g) the project implementation already commenced or is expected to commence within three years from the date of
submission to the InvestEU Portal;’.
Article 2
This Decision shall enter into force on the third day following that of its publication in the Official Journal of the European
Union.
Done at Brussels, 19 October 2022.
For the Commission
The President
Ursula VON DER LEYEN
(1) OJ L 107, 26.3.2021, p. 30.
(2) Commission Implementing Decision (EU) 2021/626 of 14 April 2021 establishing the InvestEU Portal and setting out its technical
specifications (OJ L 131, 16.4.2021, p. 183).