A substantial part of the future Cohesion Policy will be devoted to sustainable growth and the green economy
The European Parliament today during the plenary session in Strasbourg, adopted at its first reading the legislative report laying down the rules for the European Regional Development Fund (ERDF) and the Cohesion Fund (CF), which constitutes part of the Cohesion policy package 2021-2027. The Alliance of Liberals and Democrats for Europe supports the European Commission’s original proposal on thematic concentration, thus reinforcing the financing on climate adaptation, blue investments and low carbon economy transition.
Iskra MIHAYLOVA (Movement for Rights and Freedoms, Bulgaria), Chair of the parliamentary Committee on Regional Development (REGI), said:
“Our position aims to keep the focus on simplification, flexibility and increasing efficiency of the EU budget. We achieved through the adopted text today the biggest EU public investment tool for the upcoming years, aiming at securing more jobs and sustainable growth in our European regions. We support a balanced approach between the specific objectives and non-eligible activities to give the possibility for Member States and regions to implement a tailor-made approach taking into account their specificities, with a view to increasing the efficiency and the impact of the ERDF and Cohesion Fund. We notably strengthened the Commission’s proposal on the fight against climate change and for the circular economy. We nearly doubled investments for cities and integrated urban development from 6 to 10%.”