New Important Projects of Common European Interest (IPCEI)

Important Projects of Common European Interest enable Member States to fund cross-border innovation and infrastructure projects with benefits for the Union, the internal market and society. They bring public and private sectors together on large-scale projects that address market or systemic failures and societal challenges. Member States define the scope, select participating companies and projects, and fund them from national budgets. The Commission provides guidance and assesses proposals, while the Joint European Forum supports discussion of possible future IPCEIs.