The budget for InvestEU amounts to €26.2 billion for a total estimated impact of €372 billion. In managing the funds, participants will be supported by the InvestEU Advisory Hub in the preparation, development, planning and implementation of their projects. In addition, the European Commission has set up the InvestEU Portal to stimulate the creation of a network for collaboration and sharing among participants.   

The four funding macro-areas of the Programme are:   

• Sustainable infrastructure  
• Research, innovation and digitisation  
• SMEs 
• Social investment and skills 

Source: https://europa.eu/investeu/investeu-fund/about-investeu-fund_en  

The tourism sector cuts across all the competence areas selected by InvestEU, aiming to strengthen competitiveness, sustainability and the value chain. Spillovers of each objective will be needed to reduce the environmental impact, which is still too high.  

At Twissen we consider the role of InvestEU as essential in supporting the numerous SMEs and family businesses operating in the Travel & Tourism sector. InvestEU makes this category one of its main investment axes, facilitating recovery in a more sustainable and inclusive perspective.   

 For more information on projects financed in the 2014-2020 budgetary period by EFSI, see Banca del Mezzogiorno MedioCredito Centrale case study and Banca del Mezzogiorno case study: Il Mondo di Bua (Italy), food & beverage. 

Twissen

L'articolo InvestEU: 372 billion to support small and medium enterprises proviene da Twissen.

Direct support to the tourism sector is aimed at fostering a more resilient, innovative and sustainable ecosystem. In this perspective, the overall objective is to monitor the sustainability performance of SMEs in the sector and, at the same time, to develop their capacities and awareness for sustainable innovations. The main areas of interest are: preservation of natural heritage and biodiversity; development of agricultural, sport, rural and ecological tourism with a focus on the slow approach; support and development of cultural heritage.   

Eligible projects can be submitted with a budget ranging from 900 000 euros to 1.2 million euros for a maximum duration of 36 months.   

The proposing consortium must be transnational and composed of a minimum of 5 organisations, of which at least BSO (Business Support Organisation) and one DMO (Destination Management Organisation). Proposals must provide direct support to at least 80 SMEs in the tourism sector, distributed in at least 3 EU countries. Grants of up to EUR 10 000 can be awarded to SMEs involved.   

At Twissen, we recognise the increasing importance placed on creating a strong and balanced partnership. The quality of the team and the internal management of cooperation is reflected in the role played by each participating organisation. In fact, for this call, the quality of the partnership is a specific award criterion weighing 30 points out of 100.   

Twissen

L'articolo EU invests 12 million in sustainable tourism and SMEs support for COVID-19 recovery proviene da Twissen.