European Regional Development Fund and Cohesion Fund 2021-2027 [EU Legislation in Progress]

Written by Agnieszka Widuto (1st edition),

Florence (Firenze) cityscape, Italy.

© waku / Fotolia

In preparation for the upcoming Multiannual Financial Framework for 2021-2027, the European Commission published a proposal for a regulation on the European Regional Development Fund (ERDF) and the Cohesion Fund (CF) on 29 May 2018. The new single regulation on the ERDF and CF (previously covered by two separate regulations) identifies the specific objectives and scope of support for both funds, including non-eligible activities. In line with evidence regarding impact, investments will focus on activities with the highest added value, such as support for SMEs, smart specialisation, the low carbon economy, sustainable urban development and regional cooperation. The ERDF will focus mainly on smart growth and the green economy, and the CF on environmental and transport infrastructure. A special approach is adopted for territories such as urban areas and outermost regions. The indicator framework for monitoring progress will include new common results indicators. At the European Parliament, the file has been allocated to the Committee on Regional Development, with Andrea Cozzolino (S&D, Italy) as rapporteur. The rapporteur’s draft report is expected in the autumn.

Versions

Stage: Commission proposal

Source Article from https://epthinktank.eu/2018/07/19/european-regional-development-fund-and-cohesion-fund-2021-2027-eu-legislation-in-progress/