What’s an IPCEI?
An Important Project of Common European interest is a specific possibility to find aid compatible with the internal market. In the past it was rarely used until 2014 when the European Commission revived this clause by adopting a dedicated Communication laying out the conditions for its application.
Important Aspects of IPCEIs:
Contribution to Union objective(s) and significant impact on competitiveness, sustainability, or value creation across the EU
Projects involving more than one Member State
Positive spill-over effects on internal market/union society; benefits not limited to participating Member States & companies
Co-financing by the beneficiary
In case of R&D&I, projects must be of a major innovative nature or of important added value in the light od the state of the art in the sector
First industrial deployment covered where it allows for the development of a new product with high R&D&I content or of a fundamentally innovative production process
Advantages of an IPCEI:
The existence of the market failure affecting the project can be presumed (under normal R&D&I aid rules, this needs to be proven for larger projects;
The project can be aided up to 100% of the funding gap on the basis of a large set of eligible costs (under normal regional aid and R&D&I aid rules. There are upper limits and the closer to the markets, the lower the caps;
Costs of first industrial deployment (i.e.: between pilot line and until start of mass production) are considered eligible.
IPCEIs are about disruptive and ambitious research and innovation, beyond the state of the art in the sector; followed by first industrial deployment, which is the short period where very important R&D&I is still necessary (e.g.: to scale up a pilot line); actions by beneficiaries to generate positive spill-over effects, throughout the EU, on the knowledge and results they generate in the IPCEI beyond their business as usual (quantitatively & qualitatively)
IPCEIs are NOT about
Support for mere building of production capacity, factories and mass production lines
Boosting the competitiveness of the aid beneficiaries
Vigilance, especially on FID, needed due to i.a. to potential anti-cohesion aspects, high distort potential, and WTO risks