MEPs on the European Parliament’s Industry, Research and Energy (ITRE) Committee on Tuesday voted to amend the proposed European Competitiveness Fund, seeking to change its scope, governance and budget with an emphasis on industrial and security-related priorities.
What Parliament is doing
The ITRE Committee adopted proposals to reshape the Competitiveness Fund. Committee members targeted three main areas for revision: the fund’s scope, its governance arrangements and its financial envelope. The amendments highlighted industrial and security dimensions as priorities for the programme.
The action took place during a committee sitting; the proposals come from the committee’s MEPs and concern the Parliament’s position on the fund. The press material describing the move was issued by the European Parliament.
Why it matters
The Competitiveness Fund is intended to support EU competitiveness, and the committee’s changes steer the instrument more directly toward industrial policy and security considerations. Alterations to scope and governance could affect which activities qualify for support and how decisions on funding are taken. Adjustments to the budget envelope determine the scale of resources available, though the press material does not provide specific figures.
What happens next
The committee’s proposals represent Parliament’s stance ahead of further parliamentary procedures and interinstitutional negotiations. The press release does not detail subsequent formal steps, timelines or whether the changes were agreed in plenary or will enter negotiations with other EU institutions.
Source: European Parliament press release
