Considerations on COM(2017)68 - Amendment of Council Regulation 560/2014 establishing the Bio-based Industries Joint Undertaking - Main contents
Please note
This page contains a limited version of this dossier in the EU Monitor.
| dossier | COM(2017)68 - Amendment of Council Regulation 560/2014 establishing the Bio-based Industries Joint Undertaking. |
|---|---|
| document | COM(2017)68  |
| date | January 23, 2018 |
| (2) | Article 12(4) of the Statutes of the BBI Joint Undertaking, set out in the Annex to Regulation (EU) No 560/2014 (‘the Statutes’), states that the financial contribution by the members of the BBI Joint Undertaking other than the Union to operational costs is to be at least EUR 182 500 000 over the period provided for in Article 1 of Regulation (EU) No 560/2014, that is to say from the establishment of the BBI Joint Undertaking until 31 December 2024. |
| (3) | The Bio-based Industries Consortium Aisbl (‘BIC’), which is a member of the BBI Joint Undertaking other than the Union, continues to be ready to support the operational costs of the BBI Joint Undertaking for the amount set out in Article 12(4) of the Statutes. It has however proposed an alternative mode of financing through financial contributions made by its constituent entities at the indirect actions' level. |
| (4) | The objective of the Joint Technology Initiative on Bio-based Industries to carry out activities through the collaboration of stakeholders along the entire bio-based value chain, including small and medium-sized enterprises, research and technology centres and universities can be achieved only by enabling BIC and its constituent entities to deliver the financial contribution not only as payments to the BBI Joint Undertaking but also as financial contributions to indirect actions funded by the BBI Joint Undertaking. |
| (5) | It is therefore necessary to amend the Statutes in order to enable BIC and its constituent entities to deliver the financial contribution for the full amount set out in Article 12(4) of the Statutes, allowing those contributions to be made not only as payments to the BBI Joint Undertaking but also as financial contributions to indirect actions funded by the BBI Joint Undertaking and to be reported to the BBI Joint Undertaking, |