The CPMR has recently supported a call to the European Parliament and the Council of the EU together with AER, EARTO, ERRIN, ENoLL, the EuroTech Universities Alliance and Vanguard Initiative, as well as the co-leading Regions from 17 Smart Specialisation Partnerships to support the Statement on Interregional Innovation Investments for European value chains.

European Regions, Interregional Smart Specialisation partnerships and other innovation stakeholders jointly call upon the European Parliament and the Council of the EU to preserve the proposed ‘Interregional Innovation Investments’ component.

The joint call asks to preserve the following key elements irrespectively of the final regulatory location: Interregional nature, budget, central management and openness to third countries. All EU institutions acknowledge the EU added value of this new component 5 and in particular how it can harness existing potential across less and more developed EU regions to develop EU innovation value chains and to strengthen EU competitiveness. Therefore, upcoming budget negotiations should not put this innovation component at risk.

In order to enable the envisaged impact of the component, the CPMR jointly calls to preserve the following key elements irrespectively of its final regulatory location:

Interregional nature: The main European added value and the main characteristic of the component is to cofinance Smart Specialisation driven common projects of different EU regions.

 Budget: €970 million for seven years is a starting point and an absolute minimum, bearing in mind the ambition of the component and the fact that it will be split in two strands.

Openness to third countries: Based on mutual benefit, cooperation should be open to third country partners that share the European Union’s values.

Read the joint statement here.