Committees

COVID Investment Flexibility

European scrutiny

This is a pair of measures allowing unspent funds within the European Structural and Investment Funds to be repurposed in light of COVID-19. The first measure releases the funds (approximately £264 million for the UK) and creates a coordinating task force, while the second creates flexibility in how those funds can be spent.

We are writing to the Minister to find out how the Government intends to invest those funds, and to ask about the UK’s coordination with EU Member States in making those investment decisions.

Correspondence on this issue has now been closed.

•Proposal for a Regulation amending Regulation (EU) No 1303/2013, Regulation (EU) No 1301/2013 and Regulation (EU) No 508/2014 as regards specific measures to mobilise investments in the health care systems of the Member States and in other sectors of their economies in response to the COVID-19 outbreak

•Explanatory Memorandum from the Government regarding the Proposal

•Proposal for a Regulation amending Regulation (EU) No 1303/2013 and Regulation (EU) No 1301/2013 as regards specific measures to provide exceptional flexibility for the use of the European Structural and Investments Funds in response to the COVID-19 outbreak

•Explanatory Memorandum from the Government regarding the Proposal

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Contact us

  • Email: ayresl@parliament.uk
  • Phone: 020 7219 6798 (committee staff) | 020 7219 0697 (Press Officer)
  • Address: EU Environment Sub-Committee, House of Lords, London SW1A 0PW