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2025/0555(COD)E1st reading – European Parliament

European Competitiveness Fund

With the European Parliament, which is preparing its first-reading position.

Last active 16 Jun 2026

Track this billGet an email when the proposal moves: phase change, new document, or terminal outcome.

What this bill does

In plain terms: what it changes and who it affects.

The proposal creates a single EU fund to finance strategic technologies, industry, infrastructure, defence, space, health, digitalisation and decarbonisation from 2028 to 2034.

Who it affects

It affects businesses, SMEs, start-ups, scale-ups, researchers, universities, investors, infrastructure developers, defence and space industries, health and biotech sectors, and workers needing strategic skills.

Core of the proposal
  • Consolidates multiple EU funding streams into a EUR 234.3 billion European Competitiveness Fund.
  • Creates four funding windows: clean industry, health and bioeconomy, digital leadership, and resilience, defence and space.
  • Uses grants, procurement, loans, equity, guarantees, blending, advisory support and SME business services.
  • Introduces tools such as a Competitiveness Seal, project advisory support, and simplified access to EU funding.
Key provisions
Takes effect
The Regulation is set to apply from 1 January 2028.
Transitional law
Appropriations may continue beyond 2034 to manage unfinished actions and cover necessary critical operational activities and services.
Articles changed · 7 across 7 laws
  • Regulation (EU) 2021/522 (32021R0522)
    • entire act: repeals the entire regulation
  • Regulation (EU) 2021/694 (32021R0694)
    • entire act: repeals the entire regulation
  • Regulation (EU) 2021/697 (32021R0697)
    • entire act: repeals the entire regulation
  • Regulation (EU) 2021/783 (32021R0783)
    • entire act: repeals the entire regulation
  • Regulation (EU) 2021/696 (32021R0696)
    • entire act: repeals unspecified provisions
  • Regulation (EU) 2023/588 (32023R0588)
    • entire act: repeals unspecified provisions
  • Regulation (EU) [EDIP]
    • entire act: amends unspecified provisions

Latest update

15 Jun 2026

The most recent development in this bill's progress.

1st reading – European Parliament → 1st reading – European Parliament

1st reading – European Parliament → 1st reading – European Parliament

Documents

1 recent

SourcesOEILEUR-LexEU Law Tracker