Article 2 · Commission Implementing Decision (EU) 2021/626

Contents

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^note;

(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, in an European Free Trade Association (EFTA) State or in an overseas country or territory linked to a Member State as set out in Annex II to the Treaty. In the case of a cross-border project, the principal part of the implementation of project shall take place in the Union, in the EFTA States or in an overseas country or territory linked to a Member State as set out in Annex II to the Treaty;

(f)the project shall not entail reputational risks for the Commission;

(g)the project implementation already commenced or is expected to commence within three years from 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 2#

Article 2 #