It helps people looking for a job
People looking for a job can count on support from the future EU budget, which provides a significant contribution to job creation through the European social fund (ESF) and the European regional development fund (ERDF).
- at least €70 billion will be available under the ESF for job creation, complementing national action;
- the European Regional Development Fund will target key priorities such as support for small and medium-sized businesses with €140 billion over seven years;
- efficiency in cohesion policy, rural development and the fisheries fund will also be linked to economic governance to encourage compliance of EU countries with the recommendations under the European semester.
It allows over 4 million young people to study abroad
More young people than ever before can plan their stay abroad with support from the new Erasmus+ programme, which is aimed at boosting skills and employability, and has a budget of almost €15 billion.
More than 4 million people will receive support to study, train and work or volunteer abroad. In addition, 600 partnerships in sport will also receive funding.
It supports European culture
European culture, cinema, television, music, literature, performing arts, heritage and related areas will benefit from increased support under the EU's new Creative Europe programme.
With a budget of almost €1.5 billion, the programme will provide a boost for the cultural and creative sectors, which are a major source of jobs and growth. Initiatives that receive funding from the Creative Europe programme are:
- European capitals of culture
- European heritage label,
- European heritage days
- EU prize for cultural heritage/Europa nostra awards,
- EU prize for contemporary architecture,
- EU prize for literature
- European border breakers awards
- Prix MEDIA
It bridges the gap between scientific research and market
The programme for research and innovation, Horizon 2020, is equipped with a budget of almost € 80 billion.
Under Horizon 2020 researchers and businesses across Europe can count on strongly increased and simplified EU support. It will
- provide a boost to top-level research in Europe, including the European Research Council
- strengthen industrial leadership in innovation including through investment in key technologies
- provide greater access to capital and support for businesses
- help address major challenges like climate change, sustainable transport and mobility, affordable renewable energy, food safety and security and the challenges of an ageing population
- help to bridge the gap between research and the market
It supports and encourages an entrepreneurial culture
Small and medium-sized enterprises are the backbone of Europe's economy accounting for around 99% of all European businesses and providing two out of three private sector jobs.
Under the COSME programme, businesses can expect €2.3 billion to foster competitiveness and boost growth and jobs in Europe. COSME is the first EU programme targeted at small and medium-sized businesses and will facilitate their access to markets inside and outside the EU and offer easier access to finance through loan guarantees and risk-capital.
Connected Europe through infrastructure
Growth and jobs in Europe crucially depend on infrastructure investment. With €33.3 billion, the Connecting Europe facility (CEF) is the key instrument for strategic infrastructure investment at EU level.
The CEF will help finance roads, railways, electricity grids and gas pipelines, and the infrastructure and services for the digital single market. Better interconnections will enhance business opportunities and energy security, and make work and travel easier.
It provides financial instruments to address specific market failures
A lack of public money increases the need to unlock other sources of finance. This is the purpose of financial instruments, such as loans, guarantees, equity and other risk-sharing instruments, which can be used more widely in the 2014-2020 budget.
The instruments will be implemented in cooperation with the European Investment Bank (EIB), the European Investment Fund (EIF) and national promotional banks. They will address specific market failures in areas such as financing for small businesses, research and development projects, energy efficiency and key infrastructure.
Another instrument, the project bond initiative, provides an alternative financing channel for key infrastructure projects such as railway lines, motorways and energy transmission networks.
It makes Europe a clean and competitive economy
The EU budget for 2014-2020 marks a major step forward in transforming Europe into a clean and competitive low-carbon economy. At least 20% of the budget will be spent on climate-related projects and policies.
It meets the needs of agricultural beneficiaries
The reformed common agricultural policy (CAP) is a response from the EU to the big challenges of today, such as food safety, climate change and sustainable growth and job creation in rural areas.
Direct payments will be fairer and greener. Farmers will also enjoy a stronger position within the food production chain and the new CAP will be more targeted, efficient, transparent and support a market-oriented agriculture.
It creates an open and safer Europe for Europeans
The EU budget will help ensure that activities that stimulate economic, cultural and social growth may develop in a stable, lawful and secure environment.
- it will help people to feel at ease when living, travelling, studying or doing business in other EU countries;
- it will support cooperation on civil and criminal law, allow people to better exercise their rights and promote equality;
- it will provide finance to tackle cross-border issues, such as asylum, migration, border control and visas, and the fight against crime and terrorism;
- the EU's ability to respond quickly and effectively to migration or security crises will be stepped up through an emergency response mechanism.
It helps the poorest in the world
The overall objective for external action under the MFF is to ensure that the EU promotes democracy, peace, solidarity, stability, poverty reduction and prosperity, both in our immediate EU Neighbourhood and across the wider world.
It remains fully committed to achieving the Millennium Development Goals (MDGs), where EU funding will focus on helping the poorest in the world by concentrating support on fewer countries and fewer sectors.
The EU will also maintain its efforts in crisis prevention in order to preserve peace and strengthen international security. External assistance instruments will also strengthen the EU's engagement with other countries on global, such as climate change, environmental protection and regional instabilities, and allow the EU to respond rapidly and effectively to natural and man-made disasters around the world.