Source: European Parliament
Question for written answer E-000297/2025
to the Commission
Rule 144
Dan-Ştefan Motreanu (PPE)
The European Competitiveness Fund is a key initiative proposed by the Commission to enhance the EU’s global competitiveness. The aim of the fund is to provide investment in critical technologies such as artificial intelligence, clean industry and biotechnology, which are essential for driving innovation and economic growth.
Commission President Ursula von der Leyen has confirmed that the fund will be integrated into the EU’s budget for the 2028-2034 period. This strategic allocation underscores the EU’s commitment to securing its technological sovereignty and promoting sustainable development.
A recent study by the Green Economics Institute, conducted in collaboration with Cambridge Econometrics, suggests that the European Competitiveness Fund should align with the US Inflation Reduction Act in terms of GDP percentage – equivalent to 1.38 %. This would amount to EUR 237 billion over seven years, highlighting the scale of investment required to maintain competitiveness in global markets.
What specific funding allocation does the Commission envision for the European Competitiveness Fund, considering these recommendations and the need to address critical sectors essential for the EU’s long-term economic resilience?
Submitted: 23.1.2025