Budget

Main funding sources

Main funding sources

Cohesion policy

Cohesion (or regional) policy supports economic, social and territorial cohesion in regions that qualify for funding. The rules for spending cohesion policy money have been simplified to facilitate and improve coordination. The EU’s 2014-20 budget provides for cohesion policy investment of € 325 billion in EU countries, regions and cities.

European Structural and Investment Funds

Five main funds combine to support economic development across all EU countries:

  1. The European Regional Development Fund (ERDF);
  2. The European Social Fund (ESF);
  3. The Cohesion Fund (CF);
  4. The European Agricultural Fund for Rural Development (EAFRD); and
  5. The European Maritime and Fisheries Fund (EMFF).

All EU regions can benefit from the ERDF and ESF. The CF is for the less developed regions.

Public bodies can apply for regional funding. One of the ESF objectives is to help improve the quality of public administration and governance. The ESF is implemented in cooperation between public authorities, social partners and bodies at national, regional and local levels.

ESF projects could, for example, target civil servants who may need better training in the use of information technology or helping public authorities and stakeholders work together to design and deliver successful programmes.

fi-compass and Jaspers

fi-compass and JASPERS are two special technical assistance instruments. They were developed jointly by the European Commission, the European Investment Bank group and other financial institutions.

JASPERS is a technical assistance facility for public administrations preparing major projects which could be co-financed by EU funds.

fi-compass is a platform for advisory services on financial instruments under the European Structural and Investment Funds  (ESIF) and microfinance under the Programme for Employment and Social Innovation (EaSI). fi-compass is designed to meet the needs of ESIF managing authorities, EaSI microfinance providers and other interested parties.

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