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Commission Implementing Decision (EU) 2021/626 of 14 April 2021 establishing the InvestEU Portal and setting out its technical specifications

CELEX
32021D0626
Document type
DEC_IMPL
Sector
Legislation
Date of document
2021-04-14
In force since
2021-04-19
Status
In force

Text

Article-level text, parsed from the formex manifestation.

Article 1

The InvestEU Portal is established. It shall comply with the technical specifications set out in the Annex.

Article 2

The inclusion of projects in the InvestEU Portal shall comply with the following admission criteria: (a) the project (or the programme consisting of smaller projects) shall have a minimum size of EUR 500000 in terms of required investments; (b) the project shall fall in the areas eligible for financing and investment operations as set out in Annex II to Regulation (EU) 2021/523; (c) the promoter shall not be excluded from contracts financed by the Union budget or sanctioned for grave professional misconduct, criminal activities, or significant deficiencies in complying with its obligations under Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council ; (d) the project shall not constitute excluded activities as set out under point B of Annex V to Regulation (EU) 2021/523; (e) the project shall be situated in the Union, or in an overseas country or territory linked to a Member State as set out in Annex II to the TFEU; (f) the project shall not entail reputational risks for the Commission; (g) the project implementation shall have commenced or shall be expected to commence within three years of the date of submission to the InvestEU Portal; (h) the project shall be clearly described in the project application as an investment project and the information provided therein shall be accurate and shall specify the amount of financing necessary for undertaking the project; and (i) the project shall be compatible with Union law and policies.

Article 3

No application processing fee shall be charged for the inclusion of a project in the InvestEU Portal.

Article 4

This Decision shall enter into force on the third day following that of its publication in the Official Journal of the European Union.

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