2021-2027 EU Budget: €378,1 billion to benefit all regions

oettinger 2019

Günther Oettinger, Member of the EC in charge of Budget and Human Resources, holds a press conference on EU’s next long-term budget: Commission calls on Leaders to pave the way for an agreement on a modern, balanced and fair EU budget for the future © European Union , 2018 / Source: EC – Audiovisual Service / Photo: Basia Pawlik

This article is brought to you in association with the European Parliament.


Rules for EU 2021-2027 investment in all regions to boost economic, social and territorial cohesion in the EU were revamped by the Regional Development Committee.

The report, drafted by Constanze Krehl (S&D, DE) and Andrey Novakov (EPP, BG), was adopted by 25 in favour, 1 against and 9 abstentions. Regional Development Committee members agreed with the new horizontal goals laid down in the EU Commission proposal and welcome simplified rules to boost locally driven projects and applications from smaller businesses. Financing rates and the overall amount should be kept at current levels, they say, with the budget for ‘Economic, social and territorial cohesion’ amounting to €378.1 billion in 2018 prices (14 % more than the Commission’s proposal of €330.6 billion).

Less developed regions will keep benefiting from substantial EU support, with co-financing rates of up to 85 % (instead of 70 % as proposed by the Commission) and an overall envelope of 61,6 % of the Regional Development, Social and Cohesion funds. The co-financing rate for transition and more developed regions has also been increased, to 65% and 50%, respectively. €1.6 billion (0.4%) should be set aside as additional funding for the outermost regions.

Resources for cross-border projects under Interreg, the European Regional Development Fund, shall amount to €11.3 billion in 2018 prices, 3% (instead of the 2.5% proposed by the Commission) of the global cohesion resources.
MEPs agreed that the Social Fund may, in duly justified cases, provide for co-financing rates of up to 90 %, for priorities supporting innovative actions.

Quotes

“Today´s vote in the Regional Development Committee is one the most important of this legislative term – on the future of regional policy. I am glad that we could agree that all regions should participate and that co-financing should remain at its current levels. Furthermore, the outcome of this vote allows for regions to engage in the fight against climate change, with 30 % of the resources dedicated to this effect”, said co-rapporteur Constanze Krehl after the vote.

“It is our common achievement to be able to vote in plenary as early as February. This offers us a historical chance to start negotiations with Council the days after. We want to provide answers to beneficiaries about funding of new projects beyond 2020 and enable them to start work on 1 January 2021”, said Andrey Novakov (EPP, BG).

Next steps

The Committee is ready to start negotiations with the European Commission and the Council as soon as plenary will have approved the negotiating mandate, in a vote scheduled during 11-14 February plenary session.

Background

The Common Provisions will apply to the Regional Development Fund, the Social Fund (EFS+), the Cohesion Fund, the European Maritime and Fisheries Fund and set out financial rules for the Asylum and Migration Fund, the Internal Security Fund and the Border Management and Visa Instrument 2021–2027. To exploit synergies between funds, the Regional Development Committee also wants to bring the Rural Development Fund under the new Common Provisions. The funds covered make up for about a third of the EU´s total budget.

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Abu Dhabi is investing $250 million in tech start-ups

Energy: new target of 32% from renewables by 2030 agreed by MEPs and ministers

This German supermarket’s shelves are filled with food other stores won’t sell

Royal Navy to unveil future surveillance and reconnaissance requirements next February in Rome

Air pollution: How to end the deaths of 7 million people per year

Draghi: ECB to flood Eurozone and the world with more zero cost money; risk of drowning in cash

DR Congo Ebola centre attacks could force retreat against the deadly disease, warns UN health chief

The Shifting Rhythms of Harmonious China: Ancient, Modern & Eternal

European Semester: The Winter Package explained

This Canadian company transforms plastic waste into building materials

Ensure safety of responders UN Security Council urges, amid worsening DR Congo Ebola outbreak

The final countdown towards achieving 2030 Agenda

How man and machine can work together in the age of AI

Two EU Commissioners fire at will against the US

The why in including palliative care in Universal Health Care

Rapid growth in China post-COVID makes it ripe for investment

‘A new chapter’ dawns for democracy in Guinea-Bissau: top UN official

Coronavirus: ‘An emergency in China, but not yet a global health emergency’

‘Unconscionable’ to kill aid workers, civilians: UN Emergency Coordinator

New rules allow EU consumers to defend their rights collectively

Eritrea sanctions lifted amid growing rapprochement with Ethiopia: Security Council

Malaysia can show the way towards a holistic model for human rights

Coronavirus: Commission proposes a Digital Green Certificate

ECB money bonanza not enough to revive euro area, Germany longs to rule with stagnation

EU-U.S Joint statement on the humanitarian emergency in Tigray

UN rights chief welcomes new text to protect rights of peasants and other rural workers

State aid: Commission approves €790 million Croatian guarantee scheme for companies with export activities affected by coronavirus outbreak

How will the EU face the migration crisis when the Turkish threats come true?

Pesticides: MEPs propose blueprint to improve EU approval procedure

Hazy ‘breakthrough’ saves PM May, leaves Ireland in limbo: Brexit

European Junior Enterprises to address the significant skills mismatch in the EU between school and employment

Women in Medicine: An Equality Long Overdue

In a time of rising xenophobia, more important than ever to ratify Genocide Convention

6 ways countries can prepare for the next infectious disease pandemic

After the European Parliament elections – what happens next?

Stateless Rohingya refugee children living in ‘untenable situation’, UNICEF chief

Zero carbon by 2050 is possible. Here is what we need to do

State aid: Commission approves €511 million Italian scheme to compensate commercial rail passenger operators for damages suffered due to coronavirus outbreak

Germany’s fiscal and financial self-destructive policies

Palliative care: an indispensable component for a better quality of life

2014 will bring more European Union for the big guys and less for the weak

Parliament and Council agree drastic cuts to plastic pollution of environment

EU will not deliver on promises without democratic accountability

COP21 Breaking News: Conference of Youth Focuses on Hard Skills to Drive Greater Climate Action

The West – the EU and the US – is writing off Turkey’s Erdogan

These 3 innovative solar farms show why this renewable technology is hot right now

Idlib deal could save three million ‘from catastrophe’ says UN chief, as militants are urged to lay down arms

‘Favour dialogue’ over violence, UN chief urges all parties following clashes in Mali’s capital

Drug laws must be amended to ‘combat racial discrimination’, UN experts say

Global Citizen-Volunteer Internships

London is becoming the world’s first National Park City

MEPs want ambitious funding for cross-border projects to connect people

Voices of Afghan women ‘must be heard at the table in the peace process and beyond’ UN deputy chief tells Security Council

5 factors driving the Chinese lawtech boom

Afghanistan: UN mission condemns deadly attack near Kabul airport

Detecting online child sexual abuse requires strong safeguards

Doctors without borders

This powerful tool will help corporates make the switch to 100% renewables

Germany readies to pay for the Brexit gap in EU finance

Helping small businesses fight cybercrime benefits the global ecosystem

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s