06 / 10 / 2020


Joint Contribution to the Public Consultation on Interregional Innovation Investments (I3)

AER, CPMR, EARTO, ENofLL, EURADA, EuroTech Universities and Vanguard Initiative are happy to share their Joint Contribution to the European Commission Consultation on Interregional Innovation Investments (I3).

 

All signatories strongly support the new Interregional Innovation Investments Instrument and welcome the agreement from the Council to create this new tool under the ERDF, while regretting the downsizing of its budget to €500 million (compared to the nearly €1 billion as initially proposed by the EC). Indeed, this instrument has the potential to unleash the innovation potential available in European regions, supporting the EU recovery through a coordinated approach for investments, while in parallel, shortening and strengthening supply chains and building the complete value chains. The latter are crucial to strengthen the EU industry, secure innovation capacity, and create a strong basis for future business, while also encouraging the progress towards a strategic sovereignty in Europe. Collaboration will be essential in the recovery, and in developing resilient industrial value chains in Europe.

 

This instrument is fully aligned with the EU strategic orientations for sustainable and inclusive growth and competitiveness; as such, it should play a key role in the new EU Industrial Strategy, notably as a basis for enabling smart synergies among EU, national and regional instruments and funding.

 

Read the full EARTO Paper