The European Commission welcomes the adoption by the European Parliament of the political agreements on the Cohesion policy legislative package 2021-2027 of €373 billion.
The package comprises the following Regulations:
- the Common Provisions Regulation (CPR) for shared management funds;
- the European Regional Development Fund (ERDF) and Cohesion Fund (CF) Regulation;
- the European Social Fund Plus (ESF+) Regulation;
- the Interreg Regulation laying down specific provisions for the European territorial cooperation goal supported by the European Regional Development Fund and external financing instruments.
The European Regional Development Fund and Cohesion Fund Regulation: these funds set specific provisions for the European Regional Development Fund (€226 billion) and the Cohesion Fund (€48 billion). The ERDF will contribute to strengthen economic and social cohesion in the European Union by correcting imbalances between its regions, while delivering on the Union’s political priorities through a thematic concentration of resources. The CF will support projects in the field of environment and trans-European networks in the area of transport infrastructure.
The European Social Fund Plus: this fund is the EU’s main fund for investing in people. It will be the key financial instrument to implement the European Pillar of Social Rights, to support jobs and create a fair and socially inclusive society. It will also provide much needed resources to Member States for the recovery of our societies and economies after the coronavirus crisis. With a budget of €99.3 billion (in current prices) for 2021-2027, Member States can use the money to create and protect job opportunities, promote social inclusion, fight poverty, including by combatting homelessness, and give workers the skills needed for the digital and green transition. It also includes an ambitious requirement for Member States to invest in young people and address child poverty.
For more information, please visit the European Commission’s website.
To learn more about current calls for proposals or Eurodiaconia’s funding events, please don’t hesitate to get in touch with our Policy, Projects & Research Officer Vera Nygard at vera.nygard@eurodiaconia.org and our Projects Assistant Giorgia Signoretto at giorgia.signoretto@eurodiaconia.org