STEP: Parliament calls for clear focus

The European Parliament’s rapporteurs call for the planned STEP investment platform to be more closely linked to other industrial policy projects. Commission President Ursula von der Leyen proposed the „Strategic Technologies for Europe“ platform in June as an intermediate step toward a European Sovereignty Fund. STEP is intended to provide existing funds such as the EU Innovation Fund or InvestEU, with an additional €10 billion and facilitate access for investors in green or digital technologies via a common seal. In this way, von der Leyen hopes to provide an answer to the Inflation Reduction Act in the USA, for example.