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.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

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

The ‘yellow vests’ undermined Macron in France and the EU

Hollande protects the euro from the attacks of extremists

YO!Fest back in Strasbourg for the 2nd edition of the European Youth Event – 20-21 May 2016

UN court increases sentence of former Bosnian-Serb leader to life imprisonment

Batteries can power sustainable development. Here’s how

Sahel crisis reaching unprecedented levels, warn top UN humanitarian officials

China is building 8 new airports a year

Asylum seekers in Sri Lanka fear for their safety, in wake of Easter Sunday terror attacks

More state aid to big firms, no special provisions for the SMEs

An open letter to Europe’s leaders

Fostering global citizenship in medicine

‘Passport to dignity’ that schools represent may expire fast, without emergency funding warns UN Palestine refugee agency

This is what the world’s waste does to people in poorer countries

Overcoming the paralysis of trust management across a fractured IT landscape

‘Collective endeavour’ needed to strengthen peacekeeping further, says top UN official

The United States divorce rate is dropping, thanks to millennials

Facebook: MEPs demand a full audit by EU bodies to assess data protection

How Africa and Asia are joining forces on universal healthcare

Brexit talks stalled at launch; issues with European Court’s authority in Britain

China’s lead in the global solar race – at a glance

How to end overfishing in the global South

Can we create an empathic alternative to the capitalist system?

How the world can gear up for the fight against cancer

This robot boat delivered a box of oysters in a breakthrough for unmanned shipping

The EU sides with China against the US; but has Germany capitulated to America?

Boris as UK Premier to be cornered if attempting a no-deal Brexit

Nigel Farage and Boris Johnson: who forced the two ‘brave’ Brexiteers to quit?

The future of work ‘with social justice for all’ tops agenda of centenary UN Labour conference

Charges against Baha’i in Yemen must be dropped: UN experts urge release of detainees

Drinking water: new plans to improve tap water quality and cut plastic litter

EU adopts retaliative measures in response to US steel and aluminum tariffs

External action: more funds for human rights, development and climate change

How to beat gender stereotypes: learn, speak up and react

6 ways to ensure AI and new tech works for – not against – humanity

Syria still suffering ‘staggering levels’ of humanitarian need, Security Council hears

Launch of Pact for Youth: European Youth Forum calls for real business engagement

An introduction to ‘Eco-Medical Literacy’ and its importance in shaping expert medical professionals

How trade tariffs could help combat climate change

MWC 2016 LIVE: Under Armour learns from “robust community of data”

How wealthy people transmit this advantage to their children and grand children

Zhua Zhou: Choosing The Future

The EU Consumer Policy on the Digital Market: A Behavioral Economics View

We need to protect 30% of the planet by 2030. This is how we can do it

Where will evolution take us in the Fourth Industrial Revolution?

Could robot leaders do better than our current politicians?

Migration crisis update: What are the chances of a fair deal at this EU Summit?

8 things we need to do to tackle humanitarian crises in 2019

MWC 2016 Live: Roshan CEO opens up on Afghanistan challenges

Christine Lagarde: the three priorities for the global economy

In Bali, UN chief Guterres outlines importance of international financial cooperation for sustainable development

‘Health is a right, not a privilege’ says WHO chief on World Health Day

90% of fish stocks are used up – fisheries subsidies must stop

Top UN political official updates Security Council on Iran nuclear deal

Gender equality in STEM is possible. These countries prove it

Climate change is exacerbating hunger in some of the world’s poorest countries. And those most at risk are the least to blame

Bring killers of journalists to justice: UN agency seeks media partners for new campaign

Is there a way out of the next financial crisis? Can more printed money or austerity save us all?

European Parliament and Eurovision sign partnership for European Elections

Groundbreaking cancer-fighting drugs now included in updated UN list of essential medicines

The EU patent space and Unified Court are born

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