Court of Auditors Report on the annual accounts of the Innovation and Networks Executive Agency for the financial year 2016 together with the Agency’s reply
1. This document is a report from the European Court of Auditors (ECA) on the annual accounts of the Innovation and Networks Executive Agency (INEA) for the financial year 2016.
2. INEA was set up by Commission Decision 2013/801/EU to replace and succeed the Trans-European Transport Network Executive Agency. The Agency was established for the period from 1st January 2014 to 31st December 2024 to manage EU funding actions in relation to the Connecting Europe Facility (CEF), the Horizon 2020 Research and Innovation Funding Programme , the Trans-European Transport Network Programme (TEN-T) and the Marco Polo II Programme. Whilst the largest part of the Agency’s remit remains focussed on transport, it also has responsibility for the energy and telecommunications elements of the CEF.
3. The Agency’s 2016 Administrative budget amounted to €21.7 million (£19.1 million ) and it employs 225 staff. The accounts cover the period 1st January 2016 to 31st December 2016. The indicative budget managed by INEA in the financial period 2014-2020 is €34.1 billion (£30.1 billion). This is made up of €22.4 billion (£19.8 billion) for CEF Transport, €4.7 billion (£4.1 billion) for CEF Energy, €0.3 billion (£0.26 billion) for CEF Telecom, €2.9 billion (£2.6 billion) for Horizon 2020 Transport and €3.8 billion (£3.4 billion) for Horizon 2020 Energy.