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What is the InvestEU Programme?

The InvestEU Programme supports the following four main policy areas (“windows”):

Sustainable infrastructure

  • Transport, in particular clean and sustainable transport modes, multimodal transport, road safety, renewal and maintenance of rail and road infrastructure
  • Energy, in particular renewable energy, energy efficiency and building renovation projects focused on energy savings and the integration of buildings into a connected energy source, storage, digital and transport system, improving energy infrastructure interconnection levels
  • Digital connectivity and access including in rural areas
  • Supply and processing of raw materials, space, oceans, water, including inland waterways, waste management in line with the waste hierarchy and the circular economy
  • Nature and other environment infrastructure
  • Cultural heritage, tourism
  • Equipment, mobile assets and deployment of innovative technologies that contribute to the environmental climate resilience or social sustainability objectives of the EU, and meet the environmental or social sustainability standards of the EU

Research, innovation and digitalisation

  • Research, product development and innovation activities
  • Transfer of technologies and research results to the market, supporting market enablers and cooperation between enterprises
  • Demonstration and deployment of innovative solutions and support to scaling up of innovative companies as well as digitisation of EU industry


  • Access to and availability of finance primarily for SMEs, including innovative ones and those operating in the cultural and creative sectors, as well as for small mid-cap companies
  • Supporting in particular businesses with difficulties of access to finance: start-ups, younger and smaller companies, businesses with a perceived higher risk and lacking (sufficient) collateral, and innovative ones

Social investment and skills

  • Microfinance
  • Social enterprise finance and social economy
  • Measures to promote gender equality skills, education, training and related services
  • Social infrastructure (including health and educational infrastructure and social and student housing)
  • Social innovation, including social impact, impact investing and social outcome contracting
  • Health and long-term care
  • Inclusion and accessibility
  • Cultural and creative activities with a social goal
  • Integration of vulnerable people, including third country nationals

All four areas may cover strategic investments including Important Projects of Common European Interest to support final recipients whose activities are of strategic importance to the EU, in particular in view of the green and digital transitions, of enhanced resilience and of strengthening strategic value chains.

What are its benefits

Supporting the EU’s top policy priorities

Economic recovery, green growth, employment and well-being across Europe are EU’s top priorities. InvestEU programme supports investments that deliver real benefits and make a difference at the local level.

Simplified and streamlined investment support

Just one set of rules and procedures and one point of contact for advice. InvestEU makes EU funding simpler to access and more effective.

Crowding in of other investors

By using guarantees from the EU budget to crowd in other investors – private or public - the InvestEU Fund gives an added boost to investment in the EU.

Making EU funds go further

The EU budget guarantee can help public funds go further. InvestEU is expected to mobilise at least €372 billion in additional investment between 2021-27.

Improving the investment environment in Europe

InvestEU is a part of the Commission’s economic policy mix of investment, structural reforms and fiscal responsibility, as well as the Commission’s response to the Covid-19 crisis, to ensure Europe remains an attractive place for businesses to settle and thrive.

InvestEU Governance

Find out more about the InvestEU Governance


InvestEU Regulation: Regulation (EU) 2021/523 of the European Parliament and of the Council of 24 March 2021 establishing the InvestEU Programme and amending Regulation (EU) 2015/1017

Questions and answers: InvestEU-Programme