The European Investment Advisory Hub was set up in 2015, alongside the European Fund for Strategic Investments, as part of the Investment Plan for Europe designed to boost investment. The Hub supports investment by providing advisory services to project promoters in addition to those already available under other EU programmes. The Hub operates as a partnership between the Commission and the European Investment Bank. The EU budget covers 75 % of the Hub’s annual budget up to €110 million in the period 2015-2020. This report presents our findings on the Hub’s activities from its launch up until December 2018. We conclude that, by the end of 2018, the Hub had not yet proven to be an effective tool for boosting investment and we provide recommendations for improving its performance and incorporating the lessons learned from the Hub in the new InvestEU advisory hub proposed under the InvestEU programme for the period 2021-2027.
ECA special report pursuant to Article 287(4), second subparagraph, TFEU.
Special Report 12/2020: The European Investment Advisory Hub — Launched to boost investment in the EU, the Hub’s impact remains limited