# Savings and Investments Union (SIU) Canonical URL: https://digital-acquis.eu/initiative/savings-and-investments-union-siu Entry type: initiative Source edition current through: 17 July 2026 (2026-07-17). This is not a page modification date. Status: in progress. A delivered initiative is not necessarily legislation in force. Instrument: Communication Date as recorded: 19 Mar 2025 Date kind: date Status note: JF-2473 seated decision S045 (2026-08-14). ## Summary The Savings and Investments Union programme seeks to increase retail participation, channel savings into productive investment and strengthen EU capital markets. It includes a blueprint and tax recommendation for savings and investment accounts, a financial-literacy strategy, pension measures and measures on institutional equity investment. Further work covers venture and growth capital, cross-border investment barriers, trading and post-trading rules, supervision, banking integration and a mid-term review. ## Sources - [Official source]() - [Securitisation exposures (SIU)]() - [Simple, transparent and standardised securitisation (SIU)]() - [Occupational Retirement Provision (IORP) II Directive (SIU)]() - [Pan-European Personal Pension Product (PEPP) (SIU)]() - [Master Regulation (SIU)]() - [Master Directive (SIU)]() - [Settlement Finality Regulation (SFR) (SIU)]() ## Action items (24; complete published list) ### 1. Action item 270001 The Commission will adopt measures (legislative or non-legislative) by Q3 2025 to create a European blueprint for savings and investments accounts or products based on existing best practice. These measures will be accompanied by a recommendation addressed to the Member States on the tax treatment of savings and investments accounts. The Commission will closely monitor the uptake of these accounts and regularly report on progress. Provenance: source document doc-028, paragraph 1. Digital dimension: no. ### 2. Action item 270002 The Commission will facilitate agreement between Parliament and Council on the Retail Investment Strategy. However, the Commission will not hesitate to withdraw the proposal if the negotiations fail to meet the intended objectives of the Strategy. Provenance: source document doc-028, paragraph 2. Digital dimension: no. ### 3. Action item 270003 The Commission will adopt by Q3 2025 a financial literacy strategy to empower citizens, raise awareness and increase their participation in capital markets, thus creating a more “investment savvy” culture. The strategy will also seek to increase exchanges of best practices among Member States and to provide further guidance on implementing the existing financial competence frameworks. Provenance: source document doc-028, paragraph 3. Digital dimension: no. ### 4. Action item 270004 The Commission, together with the European Investment Bank (EIB) Group, the European Stability Mechanism (ESM) and national promotional banks among others, will explore how to increase opportunities for retail investors to access suitable financial products that allow them to contribute to the funding of EU priorities. Provenance: source document doc-028, paragraph 4. Digital dimension: no. ### 5. Action item 270005 The Commission will issue by Q4 2025, recommendations on the use of and best practices for auto-enrolment, pensions tracking systems and pension dashboards that will set out best practices and lessons learned from across the EU and recommend the development of such tools. Provenance: source document doc-028, paragraph 5. Digital dimension: no. ### 6. Action item 270006 The Commission will by Q4 2025, review the existing EU frameworks for Institutions for Occupational Retirement Provision (IORPs) and the Pan-European Personal Pension Product (PEPP) with the aim of increasing participation in supplementary pensions to ensure adequate income in retirement and improving the capacity of pension funds to direct households’ savings into productive and innovative investment. Provenance: source document doc-028, paragraph 6. Digital dimension: no. ### 7. Action item 270007 The Commission will by Q4 2025 take measures to stimulate equity investments by institutional investors. To facilitate investment in equity by insurers, the Commission will specify in the Solvency II delegated act the eligibility criteria for the favourable prudential treatment of long-term investments in equity. For banks, the Commission will give guidance on the use of the favourable prudential treatment for investments under legislative programmes. The Commission will consider replicating such treatment also for insurers under the Solvency II delegated act. For pension funds, the Commission will clarify how such investments can be in line with the prudent person principle enshrined in current legislation. In parallel the Commission will address any further undue barriers to equity investment by institutional investors. Provenance: source document doc-028, paragraph 7. Digital dimension: no. ### 8. Action item 270008 The Commission will by Q3 2026, review and upgrade the EuVECA Regulation to make this label more attractive, including by widening the scope of investable assets and strategies. Provenance: source document doc-028, paragraph 8. Digital dimension: no. ### 9. Action item 270009 The Commission will work with the EIB Group and private investors to deploy the scaleup TechEU22 investment programme.The Commission will explore ways to support the European Tech-Champions Initiative 2.0 (ETCI)23 that will be launched by the European Investment Fund (EIF) by 2026, and other potential inititatives that aim at crowding in private investment into venture and growth capital, supporting higher-risk innovation and contributing to pan-European capital market integration, will have a particular role to play. The Commission also encourages the EIB Group to explore appropriate mechanisms to facilitate exit opportunities for European companies. Provenance: source document doc-028, paragraph 9. Digital dimension: no. ### 10. Action item 270010 The Commission will take action to remove differences in national taxation procedures creating administrative burden and barriers to cross-border investment and also support Member States’ actions for this purpose, e.g. through exchanges of best practices, enforcement of free movement of capital and other single market freedoms, and by issuing recommendations. Provenance: source document doc-028, paragraph 10. Digital dimension: no. ### 11. Action item 270011 In implementing the Listing Act, the Commission will ensure that EU listing rules as established in delegated and implementing acts are simple and that burdens are minimised, to increase liquidity and the supply of capital to listed companies, thereby making EU public markets more attractive. Provenance: source document doc-028, paragraph 11. Digital dimension: no. ### 12. Action item 270012 The Commission will by Q3 2026, put forward measures to support exits by investors in private companies, possibly through multilateral intermittent trading of private company shares. Provenance: source document doc-028, paragraph 12. Digital dimension: no. ### 13. Action item 270013 On securitisation, the Commission will make proposals in Q2 2025 focusing on simplifying due diligence and transparency, and adjusting prudential requirements for banks and insurers. Provenance: source document doc-028, paragraph 13. Digital dimension: no. ### 14. Action item 270014 The Commission will set up in Q2 2025 a dedicated channel for all market participants to report on encountered barriers within the single market and will step up enforcement action to accelerate their removal. Provenance: source document doc-028, paragraph 14. Digital dimension: no. ### 15. Action item 270015 To address barriers to more integrated trading and post-trading infrastructures, the Commission will come forward in Q4 2025 with an ambitious package of legislative proposals including rules on central securities depositories, financial collateral and settlement and on the trading market structure, with the aim of further removing barriers to cross-border activity, modernising the legislative framework to recognise new technologies and financial developments, as well as ensuring better quality of execution and price formation on EU trading venues, whilst reducing administrative burden and considering replacing Directives with Regulations. Provenance: source document doc-028, paragraph 15. Digital dimension: no. ### 16. Action item 270016 The Commission will in Q4 2025 propose legislation to remove remaining barriers – national or at EU level – to the distribution of EU-authorised funds across the EU. The Commission will also come forward with measures to reduce operational barriers affecting cross border groups with a view to simplifying operations of asset managers, both large and more specialised, and ensuring a more efficient access and servicing of clients. Provenance: source document doc-028, paragraph 16. Digital dimension: no. ### 17. Action item 270017 The Commission will assess the need for, and consider a potential review of the Shareholders Rights Directive by Q4 2026 to make it easier for investors, intermediaries and issuers to operate across Member States. Provenance: source document doc-028, paragraph 17. Digital dimension: no. ### 18. Action item 270018 The Commission calls on the European Supervisory Authorities and National Competent Authorities to make full use of currently available tools andimplement the simplification agenda as outlined in the Simplification Communication. Provenance: source document doc-028, paragraph 18. Digital dimension: no. ### 19. Action item 270019 The Commission will propose in Q4 2025 measures to strengthen supervisory convergence tools, and make them more effective. Provenance: source document doc-028, paragraph 19. Digital dimension: no. ### 20. Action item 270020 The Commission will also make proposals in Q4 2025 to achieve more unified supervision of capital markets as indicated in the Competitiveness Compass, including by transferring certain tasks to the EU level. Provenance: source document doc-028, paragraph 20. Digital dimension: no. ### 21. Action item 270021 The Commission invites the co-legislators to address shortcomings in arrangements to manage the failure of mid-sized banks by agreeing on an ambitious outcome in the crisis management and deposit insurance framework negotiations. The Commission stands ready to provide its full support in this process. In addition, the Commission will follow with decisive steps to further develop the Banking Union, including by identifying a way forward on the European Deposit Insurance Scheme, considering discussions held so far based on the Commission proposal. Provenance: source document doc-028, paragraph 21. Digital dimension: no. ### 22. Action item 270022 The Commission will publish in 2026 a report assessing the overall situation of the banking system in the Single Market, including the evaluation of the banking sector’s competitiveness. Provenance: source document doc-028, paragraph 22. Digital dimension: no. ### 23. Action item 270023 The Commission continues assessing developments in banking markets to ensure a swift reaction whenever financial stability, the internal market, or international competitiveness of the EU banking sector is threatened. Provenance: source document doc-028, paragraph 23. Digital dimension: no. ### 24. Action item 270024 The Commission will publish a Savings and Investments Union mid-term review by Q2 2027. This will give a state of play on overall progress and reflect input received from this outreach and engagement. Provenance: source document doc-028, paragraph 24. Digital dimension: no. ## Referenced entries - [Competitiveness Compass]() — status: not recorded. The Competitiveness Compass brings together work on innovation, industrial transition and the conditions for businesses to grow in Europe. Its agenda spans startups, strategic technologies, research and investment, alongside affordable energy, cleaner industry and circular production. Measures on the Single Market, simpler rules, procurement and standardisation accompany this sectoral work. The programme also includes trade partnerships, raw-material supplies, security and preparedness. Skills, labour mobility and quality jobs connect the economic agenda with workforce needs. The programme combines strategies, legislative proposals, investment initiatives and coordination measures across these policy areas. Source document doc-028, action item 270020: > The Commission will also make proposals in Q4 2025 to achieve more unified supervision of capital markets as indicated in the Competitiveness Compass, including by transferring certain tasks to the EU level. ## Citing documents - [Budapest Declaration on the New European Competitiveness Deal]() — status: not recorded. Source document doc-004, action item 50002: > 2. Taking decisive steps towards a Savings and Investments Union by 2026, and making urgent progress on the Capital Markets Union. This will create truly integrated European capital markets which are accessible to all citizens and businesses, in particular to SMEs and start-ups. This should allow our innovative companies to scale up. Furthermore, greater equity investment would contribute to securing EU competitiveness in critical technologies. Further progress is also needed to complete the Banking Union. - [Commission work programme 2025 + Annex]() — status: not recorded. The 2025 work programme brings together planned legislation and policy strategies covering competitiveness, the Single Market and industrial transition. Its programme includes measures on affordable energy, startups and scaleups, savings and investment, and business simplification. Digital priorities span AI, quantum technology, electronic communications, business wallets and the space sector. The programme also identifies work on defence, preparedness, internal security and hospital cybersecurity. Skills, quality jobs, consumer protection and democratic resilience sit alongside these economic and technological measures. Each listed initiative carries an indicative timetable, and the programme distinguishes legislative proposals from non-legislative plans. Source document doc-005, action item 60010: > Communication on a Savings and Investments Union (non-legislative, Q1 2025) - [Joint Conclusions on Policy Objectives and Priorities for 2025-2029]() — status: not recorded. The Joint Conclusions set shared priorities for competitiveness, investment and the Single Market. They call for fewer barriers to doing business, reduced administrative burdens and a harmonised legal regime for companies operating across the EU. Innovation, better use of data, support for startups and investment in frontier technologies are presented as ways to improve productivity. The conclusions connect this agenda with decarbonisation, stronger strategic sectors, energy sovereignty and lower energy prices. They retain the commitment to climate neutrality and a just transition that supports social cohesion and equity. Source document doc-006, action item 70001: > We will take decisive action to ensure Europe’s continued prosperity by boosting long-term competitiveness following the direction set in the Competitiveness Compass, which draws on the recommendations contained in the Draghi report. We are determined to fully exploit the potential of the Single Market and overcome remaining barriers, including through the new European Savings and Investments Union, building on the Letta report. - [State of the Union 2025]() — status: not recorded. The address connects European competitiveness and technological sovereignty with simpler business rules, stronger investment and faster development of digital and clean technologies. It outlines work on startup finance, the 28th regime and the Single Market, alongside AI infrastructure, quantum technology, circular production and industrial acceleration. Energy measures focus on grids and infrastructure bottlenecks. The address also proposes support for independent journalism and media literacy, and expert advice on protecting children online. Institutional cooperation and changes to EU decision-making are presented as further elements of the reform agenda. Source document doc-008, action item 90001: > Our proposals will cut EUR 8 billion a year of bureaucratic costs for European companies. A digital Euro for example will make it easier for companies and consumers alike. And further omnibuses are on their way – for example on military mobility or digital. For innovative companies, we are preparing the so-called 28th regime and speeding up the work on the Savings and Investments Union. Because we have many high potential startups in key technologies like quantum, AI or biotech. As they grow, the limited availability of risk capital forces them to turn to foreign investors. This is wealth and jobs going elsewhere. And it jeopardises our tech sovereignty. This is why the Commission will partner with private investors on a multi-billion-euro Scaleup Europe Fund. It will help make major investments in young, fast-growing companies in critical tech areas. Because we want the best of Europe to Choose Europe. We need clear political deadlines. This is why we will present a Single Market Roadmap to 2028. On capital, services, energy, telecoms, the 28th regime and the fifth freedom for knowledge and innovation. Only what gets measured, gets done. - [Competitiveness Compass]() — status: not recorded. The Competitiveness Compass brings together work on innovation, industrial transition and the conditions for businesses to grow in Europe. Its agenda spans startups, strategic technologies, research and investment, alongside affordable energy, cleaner industry and circular production. Measures on the Single Market, simpler rules, procurement and standardisation accompany this sectoral work. The programme also includes trade partnerships, raw-material supplies, security and preparedness. Skills, labour mobility and quality jobs connect the economic agenda with workforce needs. The programme combines strategies, legislative proposals, investment initiatives and coordination measures across these policy areas. Source document doc-019, action item 180043: > Savings and Investments Union [Q1 2025] - [The 2026 Annual Single Market and Competitiveness Report]() — status: not recorded. Source document doc-087, action item 610006: > Targeted industrial policies are setting the stage for the re-industrialisation of Europe. The Industrial Accelerator Act will boost economic security and industrial capacities in key strategic sectors. The Battery Booster mobilises EUR 1.8 bn to strengthen battery manufacturing and the automotive industry in Europe. Besides these initiatives, the accelerated build-out of clean energy will pave the way for lower energy costs. Effective follow up on the Commission’s recommendations and legislative proposals under the Savings and Investments Union will support EU businesses in accessing investment capital. - [Towards a 28th regime for EU companies]() — status: not recorded. Source document doc-096, action item 680009: > Access to finance: Startups and scaleups need rapid access to capital. They will be able to take full advantage of the scale and depth of the EU capital market, and the range of financing opportunities, building on the measures being adopted under the Savings and Investments Union, and the European Competitiveness Fund and the Scaleup Europe Fund. The revision of investment rules of pension funds will strengthen business capacity to invest in listed and unlisted equity. The upcoming review of the European Venture Capital Funds Regulation will further promote the development of a more dynamic and integrated market for venture and growth capital funds. These are key for startup and scaleup companies with uncertain future revenues and a lack of tangible assets. ## Current developments Latest updates from Digital Policy Alert and Global Trade Alert. No reviewed developments available; this does not establish that no developments exist. ## Associated policy priorities - [Competitiveness, Innovation & Strategic Investment]() ## Broader policy context (shared priority; not a direct citation) - [Competitiveness Coordination Tool (CCT)]() — status: not recorded. The Competitiveness Coordination Tool joins the EU, Member States and industry to deploy major investment projects and pursue reforms supporting strategic value chains. Current projects range from AI Gigafactories and clean-transport corridors to batteries, energy connections, chemicals, med-biotech, bio-based materials, offsite construction, circularity hubs and advanced chips. Examples include €20 billion being mobilised for AI Gigafactories and €10 million of initial EU funding for the European Med-Biotech Accelerator. The Tool is testing a new way to coordinate investment across Member States. - [Definition of Innovative Enterprises, Startups and Scaleups]() — status: delivered. The Commission will propose a harmonised EU definition of startups, scaleups and innovative companies, building on existing SME and new small-mid cap (SMC) categories to ensure coherence across policies and datasets. This closes today’s patchwork of national and programme-specific definitions that hinders measurement and targeted support. The common taxonomy will underpin a European Startup & Scaleup Scoreboard and KPIs, enable tailored financing and simplification measures, and align eligibility across EU instruments and Member State schemes. It complements the Single Market Strategy’s formal SMC definition so high-growth companies can benefit from rules as they scale across borders. - [EU Antitrust Procedural Rules Reform]() — status: forthcoming. The Commission will revise Regulation (EU) 1/2003 and its implementing act to make antitrust enforcement faster, digital-ready, coherent. Options include stand-alone data-preservation orders; inspection powers covering all business records regardless of storage; the ability to summon individuals; streamlined interim measures and time-bound commitment proceedings; and a modernised access-to-file regime via confidentiality-bound external advisors. The review may harmonise complainant and third-party participation and strengthen coordination where Member States use stricter unilateral-conduct laws, safeguarding single-market consistency. The initiative seeks effective application of Articles 101/102 while reducing administrative burden, incorporating case law, and clarifying rules. - [European Competitiveness Fund (ECF)]() — status: in progress. The EU’s investment engine for 2028–2034 will consolidate 14 programmes under a single rulebook and access point to back projects from research to scale-up, deployment and manufacturing. It will operate through four policy windows—clean transition, digital leadership, health/biotech/bioeconomy, and resilience/security/defence/space—and mobilise the full EU financial toolbox, including an ECF InvestEU instrument, alongside project advisory and SME services. The Fund’s indicative envelope is €234.3 billion, with Horizon Europe tightly connected for a seamless journey from idea to market. Overall, the ECF de-risks private capital, cuts fragmentation, and accelerates high-impact investments with EU value added. - [European Innovation Investment Pact]() — status: forthcoming. The Pact will mobilise long-term institutional capital for Europe’s most innovative companies and funds. In coordination with the EIB Group, the Commission will convene pension funds, insurers and other asset owners to make voluntary allocations to EU funds-of-funds, venture capital vehicles and direct investments in unlisted scaleups. Commitments will be benchmarked, transparent and aligned with strategic technologies, complementing InvestEU, the EIC and the Scale-Up Europe Fund. The Pact will drive pan-European deployment, crowd-in private capital through de-risking structures, and deepen capital markets by expanding late-stage equity supply and patient growth finance. - [European VC Funds Regulation Reform]() — status: forthcoming. The Commission is preparing a review of the European Venture Capital Funds (EuVECA) Regulation as part of its savings and investments union strategy, with adoption envisaged later in 2026. In January 2026 it opened two consultations, a targeted one for fund managers, businesses, investors and public authorities and a public one, seeking feedback on the obstacles faced by EU venture and growth capital funds and on possible measures to address them. Both consultations remained open until 12 March 2026. The Commission says it is also considering a possible broader policy initiative beyond the EuVECA framework, which would cover a wider range of venture and growth capital fund managers. It says the feedback will inform its policy work on venture and growth capital funds, which it links to the savings and investments union and to the EU startup and scaleup strategy. - [General Block Exemption Regulation (GBER) Review]() — status: forthcoming. The Commission will overhaul the GBER to cut red tape and streamline compatibility conditions while preserving a level playing field. The review fixes textual inconsistencies, updates definitions, and reflects new priorities (i.e. social-economy finance, training/employment aid, and SGEI/affordable housing) to ease use by SMEs, start-ups and granting authorities. It will reduce notifications, improve readability, and give Member States more design flexibility, with transparency and monitoring maintained. As the current GBER expires end-2026, the revision will also prolong its application. - [Industrial Accelerator Act]() — status: in progress. This Act will accelerate industrial decarbonisation by clearing permitting bottlenecks, strengthening clean-product demand and de-risking investment. It streamlines access to energy and infrastructure (i.e. building on NZIA, TEN-E and the emergency permitting toolbox) through acceleration areas, one-stop shops and, where allowed, tacit approvals, while maintaining environmental safeguards. It introduces resilience and sustainability criteria (clean, circular, cybersecure) across EU/national programmes and procurement, and pilots a simple carbon-intensity label—starting with steel in 2025, followed by cement—to unlock targeted incentives and enable international alignment. Coupled with the Clean Industrial Deal and related affordability measures, it aims to lower costs, shorten lead times and scale EU clean manufacturing, with a legislative proposal. - [InvestEU Amendment (Omnibus II)]() — status: not recorded. Lifts the EU guarantee by EUR 2.5 billion, provisioned from EFSI surpluses and reflows, to mobilise EUR 25 billion. It is paired with extended combinations of legacy instruments and targets EUR 50 billion additional investment in this MFF. It adds an InvestEU financial instrument under the Member State compartment, enabling funded equity and deployment in non-euro currencies, and encourages swift national transfers. Simplifications reduce reporting and adjust SME rules, delivering EUR 350 million in cost savings. The extra capacity will back higher-risk equity, debt and guarantees for Clean Industrial Deal priorities (i.e. clean-tech manufacturing, grids and energy infrastructure, clean mobility, and recycling) including a Clean Tech Guarantee Facility via the EIB Group. - [Lab to Unicorn Package]() — status: not recorded. The Lab to Unicorn Initiative will turn Europe’s scientific excellence into scaled companies. From 2026, the Commission will back a network of leading university-rooted startup and scale-up hubs to collaborate across borders, opening shared access to services, infrastructures and corporate demand. A common blueprint will standardise licensing, royalty/revenue-sharing and equity models for universities and inventors, while capacity-building strengthens technology-transfer offices and embeds venture-builder roles in research organisations and universities. The Initiative will issue guidance on State-aid and IP rules so public institutions can grant IP and infrastructure access lawfully. Together, these measures compress time-to-market and raise Europe’s scale-up success rate. - [Merger Guidelines Review]() — status: forthcoming. The Commission will modernise the Horizontal and Non-Horizontal Merger Guidelines to reflect dynamic, innovation-driven competition and Europe’s strategic needs. The review will better weigh innovation, resilience, investment intensity in strategic sectors; recognise supply-chain security and scale economies where relevant; and clarify treatment of ecosystem and data-driven effects. The update will codify recent case law and practice, streamline evidence standards, and provide faster procedures, including clearer safe harbours and remedies guidance. While preserving a level playing field, the revised approach will align merger control with the competitiveness agenda, closing the innovation gap, enabling efficient European scale, and supporting decarbonisation. - [Multiannual Financial Framework 2028-34]() — status: not recorded. The Multiannual Financial Framework for 2028-2034 is the Commission's proposal for the next long-term EU budget, presented on 16 July 2025. The Commission proposes a budget of almost €2 trillion, or 1.26% of the average EU gross national income between 2028 and 2034. It says the budget would invest in people, EU countries and regions, drive prosperity through competitiveness, research and innovation, protect people and build preparedness and resilience, build partnerships for a stronger Europe in the world, and bring in new own resources. The Commission says the design includes more flexibility across the budget, national and regional partnership plans, and simpler, more streamlined and harmonised EU financial programmes. The framework will run for seven years and should come into force in January 2028. The proposal is being negotiated with the European Parliament and the Council of the EU before final adoption. - [New Important Projects of Common European Interest (IPCEI)]() — status: ongoing. 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. - [Public Procurement Act]() — status: forthcoming. The Commission will overhaul the EU procurement framework to make public spending a strategic lever for competitiveness, security and innovation. The revision will enable sustainability, resilience and European-preference criteria in strategic sectors, while staying consistent with EU and international commitments. It will simplify and digitise procedures, embed once-only data reuse, curb overspecification, and promote innovation-friendly tools (e.g. outcome-based/R&D purchases, clearer IP clauses). Rules will be consolidated across legislation to ease use by all administrations and open tenders to startups and SMEs. Defence and security procurement will be modernised and cross-border aggregation strengthened to create lead markets and scale. - [Rescue and Restructuring Guidelines]() — status: not recorded. The Commission will recalibrate state-aid rules so viable startups and scaleups can access temporary support without being misclassified as “undertakings in difficulty.” The review will update static financial tests that penalise high-growth, R&D-intensive firms, clarify eligibility, and enable bridge financing, liquidity support or restructuring aid where appropriate. Safeguards against propping up non-viable firms will remain, with stronger proportionality, time-limits and burden-sharing. Clearer guidance for universities and research organisations complements the effort, reducing uncertainty when IP or infrastructure is involved. The reform removes unintended barriers to growth while preserving a level playing field. - [Savings and Investment Account (SIA)]() — status: not recorded. Savings and Investment Accounts are presented as a voluntary route for individuals to invest alongside everyday bank or savings accounts. They may hold shares, bonds or funds, use simple tax rules and offer tax benefits. The Commission encourages Member States to establish or improve these accounts, while regulated providers must operate within EU investor-protection rules and give clear, comprehensible product information. - [Scaleup Europe Fund]() — status: not recorded. A market-based, privately managed vehicle deployed via the EIC Fund to bridge Europe’s late-stage equity gap for deep-tech scaleups. It will mobilise substantial private capital and make direct equity investments in strategic sectors (i.e. AI, quantum, advanced semiconductors, biotech, clean tech, defence and space) reinforcing technological sovereignty and economic security. Operating without prejudice to the next MFF, the Fund will coordinate closely with InvestEU and complement the European Tech Champions Initiative (including ETCI 2.0), alongside EIB Group instruments. By tackling fragmented capital markets and financing needs with ticket sizes above €100 million, it will help Europe retain and scale its most promising companies. - [TechEU Investment Programme 2026]() — status: not recorded. The Commission, together with the EIB Group and private investors, will deploy TechEU to close Europe’s late-stage financing gap for disruptive innovators, using debt, equity and quasi-equity delivered directly and via financial intermediaries. It targets scale-ups in AI, clean tech, critical raw materials, energy storage, quantum, semiconductors, life sciences and neurotechnology, complementing InvestEU and the Clean Industrial Deal. TechEU will also support exit pathways and late-growth rounds, and anchor a deeper pan-European market through ETCI 2.0 to crowd-in institutional capital. The programme aims to build industrial capacity, de-risk strategic projects and mobilise significant private investment at scale. - [Technology Transfer Block Exemption Regulation (TTBER)]() — status: not recorded. The Commission is revising the TTBER and accompanying Guidelines to modernise EU rules for IP licensing and speed the diffusion of innovation. The draft updates clarify market-share safe harbours (including a longer grace period), address data licensing, strengthen soft safe-harbours for technology pools, and introduce guidance for licensing negotiation groups, alongside updated case-law on settlements and no-challenge clauses. The aim is greater legal certainty for pro-competitive collaboration (especially in data- and AI-intensive sectors) while safeguarding competition. --- [Reading guide and interpretation notes]() · [Methodology]()