15 September 2017

 Valencia, Spain   see on a map
   

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Against the background of the fall in public investments by Local and Regional Authorities since the outbreak of the crisis in 2008 (a reduction of 15%), this year's extraordinary meeting of the PES Group in Valencia will tak​e stock of European investments at local and regional level and outline policy proposals to relaunch them.

After setting the scene, a first workshop will focus on how the EU budget (and in particular cohesion policy) should look after 2020 in order to ensure the investments that are needed for our citizens. The session will also draw the first lessons from the functioning of the Juncker Plan, and from other EU investment tools, for instance for transport (Connecting Europe Facility) or for research (Horizon 2020). Finally, the discussions will lead to some concrete proposals for the future such as, for example, establishing fiscal stimulus programmes at regional level focused on investments which favour sustainable growth.

The focus in the second part of the meeting will be to evaluate to what extent loans, innovative financial instruments and innovative public procurement can be an alternative to a grant-based policy. With the potential consequences of Brexit on the EU budget, new approaches to funding basic needs are needed at EU level. At the same time, financial instruments are largely incompatible with the financing features of the welfare state and services of general interest.

 Programme of the meeting

Further reading


 
Social Investment first! A precondition for a modern Social Europe

EPC Issue Paper by Claire Dhéret and Lieve Fransen
3 March 2017

 
Obstacles to investments at local and regional level

Study by the European Committee of the Regions
September 2016

 
Bridging the Investment Gap

Opinion of the European Commiittee of the Regions by Markku Markkula (EPP/FI)
October 2016

 
Promoting quality of public spending in matters subject to EU action

Opinion of the European Commiittee of the Regions by Catiuscia Marini (PES/IT)
December 2014

 
The EU Social Investment Package

Opinion of the European Commiittee of the Regions by Ahmed Aboutaleb (PES/NL)
October 2013

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