Executive Vice-President Séjourné has announced the launch of a powerful new European Competitiveness Fund as part of the revised Multiannual Financial Framework (MFF), designed to boost strategic investment in key sectors such as clean tech, AI, quantum technologies, biotechnology, defence, and space. This initiative represents a shift from fragmented financing towards a unified and streamlined approach, with a single fund, clearly defined priorities, and a one-stop application system.

The fund’s budget will be tripled to EUR 450 billion – including a fivefold increase for defence and digital – and is expected to mobilise over EUR 1 trillion in total investment by attracting private capital through financial instruments. Emphasising a ‘European preference’, the fund will prioritise support for companies based in Europe to strengthen domestic production, create jobs, and enhance technological sovereignty.