REGIOFLASH: latest news on Regional and Urban Policy

The European Commission welcomes the adoption by the European Parliament of the political agreements on the Cohesion policy legislative package 2021-2027 of €373 billion and its signature by both co-legislators. This marks the final step of the legislative procedure and allows for an entry into force of the Cohesion legislation on 1 July.

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The Commission has today disbursed €800 million in payments under NextGenerationEU, the temporary instrument to finance Europe's recovery and foster a greener, more digital and resilient economy after the pandemic.

Cohesion policy is the main investment tool of the EU and funds have increased significantly during and in response to the COVID-19 pandemic. More funds mean more possibilities for investment but also more for potential for fraud. Managing Authorities in Member States are the main bodies responsible for preventing and tackling fraud related to Cohesion policy projects but they often lack the resources or know-how to do so effectively. To help them improve fraud detection and prevention, the European Commission launched the on-line EU Funds Anti-Fraud Knowledge and Resource Centre on 27 May.