Council approves €330 billion cohesion legislative package

New investment priorities

Metadata
Provider: 
ECEC
URL: 
http://www.consilium.europa.eu/en/press/press-releases/2021/03/03/council-approves-330-billion-cohesion-legislative-package/http://www.consilium.europa.eu/en/press/press-releases/2021/03/03/council-approves-330-billion-cohesion-legislative-package/
Retrieved on: 
Thursday, March 4, 2021
Information
Tags: 
Organizations, Articles, International organizations, Confederations, European Union, Interreg
Summary
Key Points: 
  • New investment priorities

    The 2021-2027 cohesion package provides for multiannual investment, with most of the resources focused on less developed countries and regions in order to foster social, economic and territorial cohesion across the EU.

  • Simplification and efficiency

    The new legislation simplifies the rules, reducing red tape and ensuring that resources are spent more efficiently.

  • In addition, access to cohesion resources is conditional on compliance with the EU Charter of Fundamental Rights and the UN Convention on the Rights of Persons with Disabilities.
  • Crisis response

    In 2020, cohesion policy proved essential to the immediate response to the COVID-19 pandemic.

Copyright: 
2021 EC. All Rights Reserved.