Press release - MEPs adopt greener funds for regional development and cooperation
Retrieved on:
Wednesday, June 23, 2021
Economy of the European Union, European Union, Continents, Europe, European Structural and Investment Funds, Interreg, Cross-border cooperation, European Regional Development Fund, Multiannual Financial Framework, European Parliament Committee on Regional Development, Region, European Observation Network for Territorial Development and Cohesion
European Regional Development Fund and Cohesion Fund
Key Points:
- European Regional Development Fund and Cohesion Fund
With a budget of 243 billion euro (in 2018 prices) - roughly a quarter of the 2021-2027 Multiannual Financial Framework (MFF) - the Regional and Cohesion Funds are together the largest EU investment tool.
- Cross-border cooperation will receive 72.2% of these resources, whereas transnational, interregional, and outermost regions cooperation will be allocated 18.2%, 6.1% and 3.5% respectively.
- Background
EU legislators reached political agreements on the European Regional Development Fund and Cohesion Fund, Interreg and the Common Provision Regulation in December 2020.
- The Committee on Regional Development approved the deals in December and March, paving the way for the Council to adopt its first reading positions on 27 May.