In 2021-2027 EU funds allocated to Cohesion Policy amount to EUR 392 billion. With the national co-financing, about half a trillion euro will be available to finance the programmes in the EU regions and countries.
Cohesion Policy is delivered through specific funds:
- The European Regional Development Fund (ERDF), to invest in the social and economic development of all EU regions and cities.
- The Cohesion Fund (CF), to invest in environment and transport in the less prosperous EU countries.
- The European Social Fund Plus (ESF+), to support jobs and create a fair and socially inclusive society in EU countries.
- The Just Transition Fund (JTF) to support the regions most affected by the transition towards climate neutrality.
Funds from the ERDF and ESF+ are allocated in three categories of regions (less developed, more developed, in transition), some countries benefit from the Cohesion Fund, some regions with specific needs receive dedicated funding (outermost regions and sparsely populated), and all countries benefit from the Just Transition Fund.