With the political agreement by the European Parliament and the Council on the Commission's proposals for 2021-2027 on the Recovery Assistance for Cohesion and the Territories of Europe package (REACT-EU); the Common Provisions Regulation (CPR) for shared management funds; the European Territorial Cooperation programmes (“Interreg”); the European Regional Development Fund (ERDF) and the Cohesion Fund (CF) and the Just Transition Fund (JTF)
- 16 December 2020
With the political agreement by the European Parliament and the Council on the Commission's proposals for 2021-2027 on the Recovery Assistance for Cohesion and the Territories of Europe package (REACT-EU); the Common Provisions Regulation (CPR) for shared management funds; the European Territorial Cooperation programmes (“Interreg”); the European Regional Development Fund (ERDF) and the Cohesion Fund (CF) and the Just Transition Fund (JTF), all instruments related to cohesion policy for the period 2021-2027 have now been agreed and are pending the final approval of the legal texts by the European Parliament and the Council.
Commissioner for Cohesion and Reforms, Elisa Ferreira, said: “Cohesion policy has been a pioneer in the response to the crisis and is now also a first mover in finalizing the legislative framework for the next period. This set of legislation provides the financial muscle for Europe to recover in a fair and territorially balanced manner and the vision to rebuild our economies in a forward-looking way. Cohesion policy remains the beating heart of European solidarity. We need now to fill it with content and prioritize the investments that will turn all these achievements into real change for our Member States, regional and local authorities, citizens and companies. A spirit of partnership was key to finalize these proposals; the partnership principle will be crucial for their implementation”.
More on the whole legislative package can be found in our memo.