regional development and cooperation

23 Jun: MEPs adopt greener funds for regional development and cooperation

(Source: European Parliament)

Largest amount allocated to a package of funds in the 2021-2027 EU budgetFocus on climate action, social programmes and sustainable urban developmentSupport to recovery from COVID-19 pandemicSpecific measures for outermost regions

Parliament adopted on Wednesday three EU funds to strengthen the EU’s economic, social and territorial cohesion with a total of 243 billion euro.

The so-called “cohesion package” comprises the European Territorial Cooperation Goal (Interreg), the European Regional Development Fund and Cohesion Fund, as well as the Common Provisions Regulation, a set of norms governing EU regional, cohesion and social funds over the next seven years.

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