diff --git a/spec/factories.rb b/spec/factories.rb
index 77deec79a..739078ec7 100644
--- a/spec/factories.rb
+++ b/spec/factories.rb
@@ -362,6 +362,24 @@ FactoryBot.define do
       feasibility "feasible"
       valuation_finished true
     end
+
+     trait :hidden do
+       hidden_at Time.current
+     end
+
+     trait :with_ignored_flag do
+       ignored_flag_at Time.current
+     end
+
+    trait :flagged do
+       after :create do |investment|
+         Flag.flag(create(:user), investment)
+       end
+     end
+
+     trait :with_confirmed_hide do
+       confirmed_hide_at Time.current
+     end
   end
 
   factory :budget_phase, class: 'Budget::Phase' do
diff --git a/spec/features/admin/hidden_budget_investments_spec.rb b/spec/features/admin/hidden_budget_investments_spec.rb
new file mode 100644
index 000000000..2b001830b
--- /dev/null
+++ b/spec/features/admin/hidden_budget_investments_spec.rb
@@ -0,0 +1,108 @@
+require 'rails_helper'
+
+feature 'Admin hidden budget investments' do
+
+  let(:budget)  { create(:budget) }
+  let(:group)   { create(:budget_group, name: 'Music', budget: budget) }
+  let(:heading) { create(:budget_heading, name: 'Black metal', price: 666666, group: group) }
+
+  background do
+    admin = create(:administrator)
+    login_as(admin.user)
+  end
+
+  scenario 'Disabled with a feature flag' do
+    Setting['feature.budgets'] = nil
+
+    expect{ visit admin_hidden_budget_investments_path }.to raise_exception(FeatureFlags::FeatureDisabled)
+
+    Setting['feature.budgets'] = true
+  end
+
+  scenario 'List shows all relevant info' do
+    investment = create(:budget_investment, :hidden, heading: heading)
+
+    visit admin_hidden_budget_investments_path
+
+    expect(page).to have_content(investment.title)
+    expect(page).to have_content(investment.description)
+  end
+
+  scenario 'Restore' do
+    investment = create(:budget_investment, :hidden, heading: heading)
+
+    visit admin_hidden_budget_investments_path
+
+    click_link 'Restore'
+
+    expect(page).not_to have_content(investment.title)
+
+    investment.reload
+
+    expect(investment).to be_ignored_flag
+  end
+
+  scenario 'Confirm hide' do
+    investment = create(:budget_investment, :hidden, heading: heading)
+    visit admin_hidden_budget_investments_path
+
+    click_link('Pending')
+    expect(page).to have_content(investment.title)
+
+    click_link 'Confirm moderation'
+
+    expect(page).not_to have_content(investment.title)
+
+    click_link('Confirmed')
+    expect(page).to have_content(investment.title)
+
+    expect(investment.reload).to be_confirmed_hide
+  end
+
+  scenario "Current filter is properly highlighted" do
+    visit admin_hidden_budget_investments_path
+    expect(page).not_to have_link('All')
+    expect(page).to have_link('Pending')
+    expect(page).to have_link('Confirmed')
+
+    visit admin_hidden_budget_investments_path(filter: 'without_confirmed_hide')
+    expect(page).to have_link('All')
+    expect(page).to have_link('Confirmed')
+    expect(page).not_to have_link('Pending')
+
+    visit admin_hidden_budget_investments_path(filter: 'with_confirmed_hide')
+    expect(page).to have_link('All')
+    expect(page).to have_link('Pending')
+    expect(page).not_to have_link('Confirmed')
+  end
+
+  scenario 'Filtering investments' do
+    create(:budget_investment, :hidden, heading: heading, title: 'Unconfirmed investment')
+    create(:budget_investment, :hidden, :with_confirmed_hide, heading: heading, title: 'Confirmed investment')
+
+    visit admin_hidden_budget_investments_path(filter: 'without_confirmed_hide')
+    expect(page).to have_content('Unconfirmed investment')
+    expect(page).not_to have_content('Confirmed investment')
+
+    visit admin_hidden_budget_investments_path(filter: 'all')
+    expect(page).to have_content('Unconfirmed investment')
+    expect(page).to have_content('Confirmed investment')
+
+    visit admin_hidden_budget_investments_path(filter: 'with_confirmed_hide')
+    expect(page).not_to have_content('Unconfirmed investment')
+    expect(page).to have_content('Confirmed investment')
+  end
+
+  scenario "Action links remember the pagination setting and the filter" do
+    per_page = Kaminari.config.default_per_page
+    (per_page + 2).times { create(:budget_investment, :hidden, :with_confirmed_hide, heading: heading) }
+
+    visit admin_hidden_budget_investments_path(filter: 'with_confirmed_hide', page: 2)
+
+    click_on('Restore', match: :first, exact: true)
+
+    expect(current_url).to include('filter=with_confirmed_hide')
+    expect(current_url).to include('page=2')
+  end
+
+end
diff --git a/spec/features/budgets/investments_spec.rb b/spec/features/budgets/investments_spec.rb
index 1b0f7f31f..d3687a84f 100644
--- a/spec/features/budgets/investments_spec.rb
+++ b/spec/features/budgets/investments_spec.rb
@@ -1567,4 +1567,69 @@ feature 'Budget Investments' do
 
     end
   end
+
+  scenario 'Flagging an investment as innapropriate', :js do
+    user       = create(:user)
+    investment = create(:budget_investment, heading: heading)
+
+    login_as(user)
+
+    visit budget_investment_path(budget, investment)
+
+    within "#budget_investment_#{investment.id}" do
+      find("#flag-expand-investment-#{investment.id}").click
+      find("#flag-investment-#{investment.id}").click
+
+      expect(page).to have_css("#unflag-expand-investment-#{investment.id}")
+    end
+
+    expect(Flag.flagged?(user, investment)).to be
+  end
+
+  scenario 'Unflagging an investment', :js do
+    user       = create(:user)
+    investment = create(:budget_investment, heading: heading)
+    Flag.flag(user, investment)
+
+    login_as(user)
+
+    visit budget_investment_path(budget, investment)
+
+    within "#budget_investment_#{investment.id}" do
+      find("#unflag-expand-investment-#{investment.id}").click
+      find("#unflag-investment-#{investment.id}").click
+
+      expect(page).to have_css("#flag-expand-investment-#{investment.id}")
+    end
+
+    expect(Flag.flagged?(user, investment)).not_to be
+  end
+
+  scenario 'Flagging an investment updates the DOM properly', :js do
+    user       = create(:user)
+    investment = create(:budget_investment, heading: heading)
+
+    login_as(user)
+
+    visit budget_investment_path(budget, investment)
+
+    within "#budget_investment_#{investment.id}" do
+      find("#flag-expand-investment-#{investment.id}").click
+      find("#flag-investment-#{investment.id}").click
+
+      expect(page).to have_css("#unflag-expand-investment-#{investment.id}")
+    end
+
+    expect(Flag.flagged?(user, investment)).to be
+
+    within "#budget_investment_#{investment.id}" do
+      find("#unflag-expand-investment-#{investment.id}").click
+      find("#unflag-investment-#{investment.id}").click
+
+      expect(page).to have_css("#flag-expand-investment-#{investment.id}")
+    end
+
+    expect(Flag.flagged?(user, investment)).not_to be
+  end
+
 end
diff --git a/spec/features/moderation/budget_investments_spec.rb b/spec/features/moderation/budget_investments_spec.rb
new file mode 100644
index 000000000..7cb4f5020
--- /dev/null
+++ b/spec/features/moderation/budget_investments_spec.rb
@@ -0,0 +1,246 @@
+require 'rails_helper'
+
+feature 'Moderate budget investments' do
+
+  let(:budget)  { create(:budget) }
+  let(:group)   { create(:budget_group, name: 'Culture', budget: budget) }
+  let(:heading) { create(:budget_heading, name: 'More libraries', price: 666666, group: group) }
+
+  background do
+    @mod        = create(:moderator)
+    @investment = create(:budget_investment, heading: heading, author: create(:user))
+  end
+
+  scenario 'Disabled with a feature flag' do
+    Setting['feature.budgets'] = nil
+    login_as(@mod.user)
+
+    expect{ visit moderation_budget_investments_path }.to raise_exception(FeatureFlags::FeatureDisabled)
+
+    Setting['feature.budgets'] = true
+  end
+
+  scenario 'Hiding an investment', :js do
+    login_as(@mod.user)
+    visit budget_investment_path(budget, @investment)
+
+    accept_confirm { click_link 'Hide' }
+
+    expect(page).to have_css('.faded', count: 2)
+
+    visit budget_investments_path(budget.id, heading_id: heading.id)
+
+    expect(page).not_to have_content(@investment.title)
+  end
+
+  scenario "Hiding an investment's author", :js do
+    login_as(@mod.user)
+    visit budget_investment_path(budget, @investment)
+
+    accept_confirm { click_link 'Hide author' }
+
+    expect(page).to have_current_path(debates_path)
+
+    visit budget_investments_path(budget.id, heading_id: heading.id)
+
+    expect(page).not_to have_content(@investment.title)
+  end
+
+  scenario 'Can not hide own investment' do
+    @investment.update(author: @mod.user)
+    login_as(@mod.user)
+
+    visit budget_investment_path(budget, @investment)
+
+    within "#budget_investment_#{@investment.id}" do
+      expect(page).not_to have_link('Hide')
+      expect(page).not_to have_link('Hide author')
+    end
+  end
+
+  feature '/moderation/ screen' do
+
+    background do
+      login_as(@mod.user)
+    end
+
+    feature 'moderate in bulk' do
+      feature 'When an investment has been selected for moderation' do
+
+        background do
+          visit moderation_budget_investments_path
+
+          within('.menu.simple') do
+            click_link 'All'
+          end
+
+          within("#investment_#{@investment.id}") do
+            check "budget_investment_#{@investment.id}_check"
+          end
+
+          expect(page).not_to have_css("investment#{@investment.id}")
+        end
+
+        scenario 'Hide the investment' do
+          click_button 'Hide budget investments'
+          expect(page).not_to have_css("investment_#{@investment.id}")
+
+          @investment.reload
+
+          expect(@investment.author).not_to be_hidden
+        end
+
+        scenario 'Block the author' do
+          click_button 'Block authors'
+          expect(page).not_to have_css("investment_#{@investment.id}")
+
+          @investment.reload
+
+          expect(@investment.author).to be_hidden
+        end
+
+        scenario 'Ignore the investment' do
+          click_button 'Mark as viewed'
+          expect(page).not_to have_css("investment_#{@investment.id}")
+
+          @investment.reload
+
+          expect(@investment).to be_ignored_flag
+          expect(@investment).not_to be_hidden
+          expect(@investment.author).not_to be_hidden
+        end
+      end
+
+      scenario 'select all/none', :js do
+        create_list(:budget_investment, 2, heading: heading, author: create(:user))
+
+        visit moderation_budget_investments_path
+
+        within('.js-check') { click_on 'All' }
+
+        expect(all('input[type=checkbox]')).to all(be_checked)
+
+        within('.js-check') { click_on 'None' }
+
+        all('input[type=checkbox]').each do |checkbox|
+          expect(checkbox).not_to be_checked
+        end
+      end
+
+      scenario 'remembering page, filter and order' do
+        create_list(:budget_investment, 52, heading: heading, author: create(:user))
+
+        visit moderation_budget_investments_path(filter: 'all', page: '2', order: 'created_at')
+
+        click_button 'Mark as viewed'
+
+        expect(page).to have_selector('.js-order-selector[data-order="created_at"]')
+
+        expect(current_url).to include('filter=all')
+        expect(current_url).to include('page=2')
+        expect(current_url).to include('order=created_at')
+      end
+    end
+
+    scenario 'Current filter is properly highlighted' do
+      visit moderation_budget_investments_path
+
+      expect(page).not_to have_link('Pending')
+      expect(page).to have_link('All')
+      expect(page).to have_link('Marked as viewed')
+
+      visit moderation_budget_investments_path(filter: 'all')
+
+      within('.menu.simple') do
+        expect(page).not_to have_link('All')
+        expect(page).to have_link('Pending')
+        expect(page).to have_link('Marked as viewed')
+      end
+
+      visit moderation_budget_investments_path(filter: 'pending_flag_review')
+
+      within('.menu.simple') do
+        expect(page).to have_link('All')
+        expect(page).not_to have_link('Pending')
+        expect(page).to have_link('Marked as viewed')
+      end
+
+      visit moderation_budget_investments_path(filter: 'with_ignored_flag')
+
+      within('.menu.simple') do
+        expect(page).to have_link('All')
+        expect(page).to have_link('Pending')
+        expect(page).not_to have_link('Marked as viewed')
+      end
+    end
+
+    scenario 'Filtering investments' do
+      create(:budget_investment, heading: heading, title: 'Books investment')
+      create(:budget_investment, :flagged, heading: heading, title: 'Non-selected investment')
+      create(:budget_investment, :hidden, heading: heading, title: 'Hidden investment')
+      create(:budget_investment, :flagged, :with_ignored_flag, heading: heading, title: 'Ignored investment')
+
+      visit moderation_budget_investments_path(filter: 'all')
+
+      expect(page).to have_content('Books investment')
+      expect(page).to have_content('Non-selected investment')
+      expect(page).not_to have_content('Hidden investment')
+      expect(page).to have_content('Ignored investment')
+
+      visit moderation_budget_investments_path(filter: 'pending_flag_review')
+
+      expect(page).not_to have_content('Books investment')
+      expect(page).to have_content('Non-selected investment')
+      expect(page).not_to have_content('Hidden investment')
+      expect(page).not_to have_content('Ignored investment')
+
+      visit moderation_budget_investments_path(filter: 'with_ignored_flag')
+
+      expect(page).not_to have_content('Books investment')
+      expect(page).not_to have_content('Non-selected investment')
+      expect(page).not_to have_content('Hidden investment')
+      expect(page).to have_content('Ignored investment')
+    end
+
+    scenario 'sorting investments' do
+      flagged_investment = create(:budget_investment,
+        heading: heading,
+        title: 'Flagged investment',
+        created_at: Time.current - 1.day,
+        flags_count: 5
+      )
+
+      flagged_new_investment = create(:budget_investment,
+        heading: heading,
+        title: 'Flagged new investment',
+        created_at: Time.current - 12.hours,
+        flags_count: 3
+      )
+
+      latest_investment = create(:budget_investment,
+        heading: heading,
+        title: 'Latest investment',
+        created_at: Time.current
+      )
+
+      visit moderation_budget_investments_path(order: 'created_at')
+
+      expect(flagged_new_investment.title).to appear_before(flagged_investment.title)
+
+      visit moderation_budget_investments_path(order: 'flags')
+
+      expect(flagged_investment.title).to appear_before(flagged_new_investment.title)
+
+      visit moderation_budget_investments_path(filter: 'all', order: 'created_at')
+
+      expect(latest_investment.title).to appear_before(flagged_new_investment.title)
+      expect(flagged_new_investment.title).to appear_before(flagged_investment.title)
+
+      visit moderation_budget_investments_path(filter: 'all', order: 'flags')
+
+      expect(flagged_investment.title).to appear_before(flagged_new_investment.title)
+      expect(flagged_new_investment.title).to appear_before(latest_investment.title)
+    end
+  end
+
+end