On 20 June 2023, the Commission put forward a proposal for a Strategic Technologies for Europe Platform (STEP) to boost investments in critical technologies in the EU. InvestEU is one of the EU programmes that will be reinforced to promote STEP investment via a new dedicated STEP policy window, with an additional EU guarantee of €7.5 billion. The STEP policy window will support the development and manufacturing of deep, digital, clean technologies and biotechnologies and their value chains, and related skills agenda for these technologies. The available EU guarantee under the InvestEU Fund will be increased to €33.7 billion.
InvestEU helps our economy recover from the coronavirus crisis. It contributes to transforming the EU into a fair and prosperous society, with a modern, resource-efficient and competitive economy, by playing a pivotal role under the European Green Deal Investment Plan and the Just Transition Mechanism.
InvestEU is part of a digital transformation that benefits everyone in Europe. Digital solutions supported under InvestEU open up new opportunities for businesses, boost the development of trustworthy technology, but also contribute to achieving the green transition.
InvestEU will support the Green Deal Industrial Plan to enhance the competitiveness of Europe's net-zero industry and the fast transition to climate neutrality. Many InvestEU projects already support the goals of the Green Deal Industrial Plan.
In response to the hardships and global energy market disruption caused by Russia's invasion of Ukraine, the European Commission presented the REPowerEU Plan. REPowerEU is a plan for saving energy, producing clean energy and diversifying our energy supplies.