30 May 2018
Cohesion Policy is the EU's main investment policy and one of its most concrete expressions of solidarity
The EU's economy is bouncing back, but additional investment efforts are needed to tackle persistent gaps between and within Member States. With a budget of €373 billion in commitments for 2021-2027, the future Cohesion Policy has the investment power to help bridge these gaps. Resources will continue to be geared towards regions that need to catch up with the rest of the EU the most. At the same time it will remain a strong, direct link between the EU and its regions and cities.
The main features of the Commission's proposal for a modernised Cohesion Policy are:
In an unprecedented move of transparency, the European Commission has presented for the first time ever its proposal for the new long-term EU budget on 2 May both in current and in constant 2018 prices. In the same vein, the Commission is also publishing today the national Cohesion Policy allocations for Member States both in current and constant 2018 prices (see annex).
A swift agreement on the overall long-term EU budget and its sectoral proposals is essential to ensure that EU funds start delivering results on the ground as soon as possible.
Delays similar to the ones experienced at the beginning of the current 2014-2020 budgetary period would mean that 100,000 EU-funded projects could not start on time; that many schools in need of renovation works would have to wait; that medical equipment would be delivered to hospitals late or that small businesses would have to plan investments without the necessary certainty.
An agreement on the next long-term budget in 2019 would provide for a seamless transition between the current long-term budget (2014-2020) and the new one and would ensure predictability and continuity of funding to the benefit of all.