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    Brussels
    13
    may 2013
    Jacques Delors Building
    Brussels
    Belgium

    A conference called “Investing in Europe's regions and cities; maximising the impact of regional and local public expenditure and the EU budget 2014-2020” will be held in Brussels on 13th May. It is organised with the support of the Irish Presidency of the Council of the EU, the Committee of the Regions and the European Investment Bank.

    Perspectives for long term investment in Europe

    In Europe, 65% of public capital investment originates from local and regional authorities. The crisis of the last five years has strongly affected the investment capacity of Europe's cities and regions. Fiscal consolidation has had an impact at all levels, whilst governments are seeking to deliver the Europe 2020 strategy for sustainable, smart and inclusive growth.

    Public finances are scarce and the overall budget of the EU's 2014-2020 multi-annual financial framework has decreased for the first time in history. Both public authorities and private partners face the major challenge of guaranteeing targeted, long-term investment for growth and jobs in Europe's regions and cities. Developing greater synergies and an innovative approach of public finance is of paramount importance.

    The Committee of the Regions and the European Investment Bank invite stakeholders from the EU member states to discuss today's financial situation and future perspectives for long term investments in Europe's regions and cities. EIB President Hoyer and Committee of the Regions President Valcárcel and are among the speakers of the conference.

    See the Committee of the Regions’ website for more information. To register, please fill out the online form.