From EUobserver · · 1m
EIT disputes €8.7m recovery claim
EU innovation agency says €8.7m debt recovery figure is too high.
In brief
EU innovation agency says €8.7m debt recovery figure is too high. The European Institute of Innovation & Technology disputes auditors' finding that €8.7m may be unrecoverable, claiming only €0.5m is at risk. Originally reported by EUobserver.
EIT accounts under audit
The European Institute of Innovation & Technology received €435m in taxpayer money in 2025 but did not get a clean audit opinion.
ECA flags €8.7m recovery issue
European Court of Auditors report says EIT may not recover €8.7m due to errors in grant payments.
EIT disputes €8.7m figure
EIT claims only €0.5m is unrecoverable, with €5.9m expected from Mutual Insurance Mechanism and €2.3m from EIT Manufacturing.
EIT Manufacturing liquidation
EIT Manufacturing filed for liquidation in March 2026, causing €8.7m recovery uncertainty.
EIT moves to 12-month reporting
EIT plans to switch from 18-month to 12-month reporting periods to address audit concerns.
ECA warns on public funds
ECA auditor says public money is managed well but strong checks are essential to protect EU taxpayers' funds.
At a glance
The European Institute of Innovation & Technology disputes auditors' finding that €8.7m may be unrecoverable, claiming only €0.5m is at risk.
