Invest Europe

Letter To European Council President On The European Competitiveness Fund

Positions & consultation responses

14 Oct 2026

Ahead of the upcoming European Council, Invest Europe wrote to European Council President António Costa urging Member States to reverse the proposed reduction in the resources allocated to the ECF-InvestEU Instrument - a part of the EU future budget crucial to support venture capital - from €11 billion to €9.6 billion. Drawing on the strong track record of InvestEU and the European Investment Fund in mobilising private capital, we stressed that Europe should be reinforcing, not weakening, one of its most effective tools for boosting EU competitiveness.

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