ARCHIVES HISTORIQUES 
DE LA COMMISSION 
 
 
 
COLLECTION RELIEE DES 
DOCUMENTS "COM" 
 
 
 
 
COM (83) 085 
 
 
 
Vol. 1983/0 029 
  
 
Disclaimer  
Conformém ent au règlement (CEE, Euratom) n° 354/83 du Conseil du 1er février 1983 
concernant l'ouverture au public des archives historiques de la Communauté économique 
européenne et de la Communauté européenne de l'énergie atomique (JO L 43 du 15.2.1983, 
p. 1), tel que modifié par le règlement (CE, Euratom) n° 1700/2003 du 22 septembre 2003 
(JO L 243 du 27.9.2003, p. 1), ce dossier est ouvert au public. Le cas échéant, les documents 
classifiés présents dans ce dossier ont été déclassifiés conformément à l'article 5 dudit 
règlem ent. 
In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983 
concerning the openi ng to the public of the historical archives of the European Econom ic 
Community and the European Atomic Energy Communit y (OJ L 43, 15.2.1983, p. 1), as 
amended by Regulation (EC, Euratom) No 1700/2003 of 22 September 2003 (OJ L 243, 
27.9.2003, p. 1), this f ile is open to the public. Where necessary, classified documents in this 
file have been declassified in conformity with Article 5 of the aforementioned regulation.  
In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom  1. 
Februar 198 3 über die Freigabe der historischen Archive der Europäischen  
Wirtschaftsgemeinschaft und der Europäischen Atomgem einschaft (ABI. L 43 vom  15.2.1983,  
S. 1), geändert durch die Verordnung (EG, Euratom) Nr. 1700/2003 vom 22. Septem ber 2003  
(ABI. L 243 vom 27 .9.2003, S. 1), ist diese Datei der Öffentlichkeit zugänglich. Soweit  
erforderlich, wurden die Verschlusssachen in dieser Datei in Übereinstimmung mit Artikel 5  
der genannten Verordnung freigegeben.  
COMMISSION  OF THE  EUROPEAN  COMMUNITIES 
COM(83)  85  final 
Brussels,  24  February  1983 
Proposal  for a 
COUNCIL  DECISION 
implementing Decision empowering 
the Commission  to borrow under  the New  Community 
Instrument  for the  purpose  of promoting investment 
within  the  Community 
(submitted  by the  Commission  to the  Council) 
COM(83)  85  final 

Explanatory  memorandum 
On 7 February 1983, the Council accepted the principle of continuing 
activity for the New Community Instrument; it defined a set of  joint 
guidelines  to be communicated to Parliament under the conciliation pro­
cedure. 
Demand  for NCI loans to finance eligible investment has been brisk :  con­
tracts signed under the tranche authorised last April now amount to almost 
600 million ECU, and in view of the projects pending, whether already ap­
proved or under consideration, this tranche will very soon be entirely 
accounted  for. The Commission is consequently proposing an implementing 
Decision,  without  waiting for the outcome of the conciliation procedure, 
to make a  further  tranche available. For it is important to avoid any 
interruption in the activity of an instrument  that  has proved its value 
in supporting investment at a time when investment is of vital importance. 
In accordance  with  the arrangements set out in the  joint  guidelines, the 
attached proposal lays down broad criteria for the eligibility of pro­
jects to be financed. In view of the economic situation and of the ge­
neral need to promote investment, and in the  light  of its past experience, 
the Commission feels  that  the  first  tranche should be available for pro­
jects from all the relevant fields of application. However, the Commis­
sion  would like to concentrate on certain types of investment  within 
these  fields, in accordance  with  the guidelines announced last October 
in its communication on initiatives for promoting investment . The 
types of investment concerned are : 
(i) in the field of energy, investment to encourage the efficient use 
of energy, one of the priorities of Community policy; 
(1) C0MC82)  641 final of 14 October 1982 

2. 
(ii) in the field of infrastructures, those associated  with  the 
development of productive activities so as to contribute 
more directly to raising the rate of productive investment; 
also,  in line  with  the Commission's traditional objectives, 
those  that  contribute to regional development or promote the 
interests of the Community as  such; 
(iii) in the field of industry and the productive sectors, investment, 
mainly by small and medium-sized undertakings,  that  will contri­
bute directly or indirectly to creating new jobs, and to the dis­
semination of innovation and new techniques. 
In the  light  of experience, and in view of the present economic situation, 
the Commission calculates  that  a tranche of  1 500  million ECU will enable 
it to make a rapid and significant contribution to promoting investment, 
in response to the request of the European  Council. 

Proposal  for a 
COUNCIL  DECISION 
implementing. Decision empowering the 
Commission  to borrow under the New Community  Instrument 
for the purpose of promoting investment  within  the Community 
THE COUNCIL  OF THE  EUROPEAN  COMMUNITIES, 
Having  regard to the Treaty establishing the European Economic 
Community, 
Having  regard to Council Decision  /..../EEC  of 
empowering the Commission to borrow under the New Community  Instrument 
tor the purpose of promoting investment  within  the Community , and in 
particular Article 2  thereof, 
Having  regard to the proposal  from  the Commission , 
Having  regard to the opinion of the European Parliament 
Having  regard to the opinion of the Economic and  Social  Committee 
Whereas  the purpose of the Community's action is to implement investment 
projects consistent  with  the Community's  priority  objectives in the fields 
of energy, infrastructure and investment projects, mainly those of small 
and medium-sized undertakings, in industry and the other productive  sec­
tors; 
Whereas  the Community has set itself the objective of stimulating econo­
mic activity and of supporting common policies by Community measures, in 
particular by making optimum use of the Community's financial instruments, 
which combine in a co-ordinated policy to promote investment and combat 
unemployment, the need for such a policy having been stressed by the 
European  Council in  Brussels  on 30 March 1982; 
(1) 0J 
(2) 0J 
(3) 0J 
(4) 0J 

Whereas  particular  attention  should be directed to investment which 
contributes to the more efficient use of energy and to investment which 
contributes to the development of infrastructures; 
Whereas  a greater  effort  of investment must be made in the productive 
sectors,  and whereas  priority  in this area is to be given mainly to 
investment by small and medium-sized undertakings in industry and the 
other productive sectors,  with  a view in particular to encouraging the 
dissemination  of innovation and new techniques; 
Whereas  Community action in those fields  will  make a  special  contri­
bution to the achievement of the Community's objectives of reducing 
regional disparities, raising  growth  rates, adjusting production struc­
tures and permanently solving the employment problem, 
HAS DECIDED  AS  FOLLOWS  : 
Article 1 
An initial  tranche of borrowings is hereby authorized for an amount which 
shall  not exceed the equivalent of 1 500 million ECU in principal. 
Article 2 
The proceeds of theborrowings referred to inArticle 1 shall be  lent  to finance 
investment projects carried out on Communi ty  territory  which help  attain  the Comuu 
nity's  priority  objectives in the energy and infrastructure sectors, and 
analogous  investment projects, mainly those carried out by small and 
medium-sized  undertakings, in industry and the other productive sectors. 
To this end,  priority  shall be given to financing : 
a) the efficient use of energy, the replacement of oil by other sources 
of energy in all sectors and infrastructure projects facilitating 
such  replacement; 

6. 
b) infrastructure  projects  whi eh  are  assoc  i ated  wi th  the development  o.f pro­
ductive activités,  which contribute..to regional development or which are 
of Community interest, including transport, telecommunications 
and information technology, and the transmission of energy; 
c) investment projects, mainly those of small and medium-sized 
undertakings, in industry and the other productive sectors, 
designed  in particular to promote the dissemination of innovation 
and new techniques. 
Article 3 
The Commission shall decide whether or not projects are eligible in 
accordance  with  the following guidelines : 
- the provisions of Article 2 in order to meet the Community's 
principal economic problems; 
- the provisions of the Treaty and of secondary legislation, in particular 
those relating to competition, and Community rules and policies 
applicable in the fields in question. 
Done  at 
For the  Counci  I 
The President