Regulation on a Competitiveness and Innovation Framework Programme (2007-2013) and of Regulation (EC) No 680/2007 laying down general rules for the granting of Community financial aid in the field of the trans-European transport and energy networks

This procedure aims to update the existing Competitiveness and Innovation Framework Programme (CIP) and rules for financial aid for trans-European transport and energy networks. It seeks to adapt these programmes to current needs and ensure their continued effectiveness in fostering innovation and infrastructure development.

The changes will affect businesses, particularly SMEs, and regions benefiting from trans-European networks. It also impacts the allocation of EU funds managed by the European Investment Bank, ensuring better alignment with strategic priorities.