The Regulations approved by the EU institutions govern the structural and investment funds, for amount of over 330 billion euros (at 2018 prices), corresponding to almost a third of the long-term budget of the European Union.
As regards the areas of intervention, the new EU Regulations 2021-2027 address the global challenges given by the green and digital transitions, which by the means of the simplification of rules and technological innovation should lead Europe towards a zero emission economy of carbon, further improve connectivity with strategic transport and digital networks and place an emphasis on social inclusion.
The legislative package includes the following regulations:
- the Regulation containing the common provisions governing the eight funds managed jointly by the Member States and the European Commission
- the Regulation on the European Regional Development Fund (ERDF) and the Cohesion Fund (CF);
- the Regulation on the European Social Fund Plus (ESF+);
- Interreg regulation containing specific provisions for the "European Territorial cooperation" objective supported by the European Regional Development Fund and external financing instruments
- the Just Transition Fund (JTF) Regulation, which completes the set of cohesion policy funds available for the 2021-2027 period.
The overall resources allocated to cohesion policy for the period 2021-2027 are divided between the following funds:
- Around € 200 billion of euro is allocated for the European Regional Development Fund (ERDF) to support sustainable urban development, competitiveness and job creation in small and medium-sized enterprises, as well as promote the inclusive digital society and digital infrastructure and promote research and innovation. From the ERDF, the sixth generation of Interreg is financed with 8.1 billion euros for the implementation of cross-border, transnational and interregional projects with the aim of supporting regions to face common challenges and find shared solutions for an optimal sustainable development and the economic growth of the territories.
- The financial allocation of the Cohesion Fund of € 42.5 billion of euro is dedicated for Member States whose GNI per capita is below 90% of the EU average to support trans-European transport networks and energy projects and transport that benefits the environment
- 88 billion of euro is allocated to the European Social Fund Plus (ESF+) to support job creation, education, training and social inclusion.
- Finally, the for a Just Transition Fund (JTF) are allocated 19.2 billion of euro to support the transition to a climate-neutral economy through a wide range of activities aimed mainly at the diversification of economic activity and to support people's adaptation to an evolving labour market.
Cohesion Policy contributes to promoting and strengthening social, economic and territorial cohesion, through greater investment of financial resources to be allocated to less developed countries and regions with the aim of correcting imbalances within the Union.
For the Interreg relevant Regulations are ERDF, CPR and Interreg.
Please find and download them from the Post 2020 section of the Programme website.