Commission launched a new interactive webpage on the €392 billion budget allocation for Cohesion policy 2021-2027
Following the entry into force of the Cohesion policy legislative package on 1 July, the Commission has now launched a new webpage with the detailed breakdown of the €392 billion Cohesion policy funding for the 2021-2027 programming period. Commissioner for Cohesion and Reforms, Elisa Ferreira said: “Cohesion policy continues to be a driving force for growth and fair sustainable development for all European Member States and regions. More than ever now, it will help us overcome the coronavirus crisis by also encouraging investments for a digital and fair transition to a green Europe. We developed this new webpage to bring Cohesion policy closer to all citizens. It is user friendly and it shows data in a transparent and easy way”. The initial allocations (in current prices) by country, category of region and by fund are found in this interactive data story. Member States are currently preparing their national Partnership Agreements (PA) and detailed spending programmes. The EU funds covered are the European Regional Development Fund (including Interreg), the European Social Fund Plus, the Cohesion Fund and the Just Transition Fund. The initial national amounts by fund can change as a result of the significant flexibility that Member States have to transfer between funds and other budgetary instruments. It is estimated that the total investment triggered, including national co-financing, will amount to around €500 billion. The final amounts decided will be released as open data on the Cohesion Open Data Platform as PA and programmes will be progressively adopted.
