2014-2020 period – Interreg V
In accordance with the new design of the European Cohesion Policy 2014-2020 and the targets set out in Europe 2020, Interreg has significantly been reshaped to achieve greater impact and an even more effective use of the investments. Key elements of the 2014-2020 reform are:
- Concentration
- Simplification
- Results orientation
The fifth period of Interreg is based on 11 investment priorities laid down in the ERDF Regulation contributing to the delivery of the Europe 2020 strategy for smart, sustainable and inclusive growth. At least, 80% of the budget for each cooperation programme has to concentrate on a maximum of 4 thematic objectives among the eleven EU priorities:
The fifth programming period of Interreg has a budget of EUR 10.1 billion invested in over 100 cooperation programmes between regions and territorial, social and economic partners. This budget also includes the ERDF allocation for Member States to participate in EU external border cooperation programmes supported by other instruments ( Instrument for Pre-Accession and European Neighborhood Instrument).
- 60 Cross-border – Interreg V-A, along 38 internal EU borders. ERDF contribution: EUR 6.6 billion.
- 12 IPA Cross-border: Instrument for Pre-Accession and European Neighborhood Instrument
- 16 ENI Cross-border :International Cooperation and Development
- 15 Transnational – Interreg V-B, covering larger areas of co-operation such as the Baltic Sea, Alpine and Mediterranean regions, as well as some non-EU countries. ERDF contribution: EUR 2.1 billion.
- The interregional co-operation programme, INTERREG Europe, and 3 networking programmes (Urbact III, Interact III and ESPON) covering all Member States of the EU, as well as Norway and Switzerland and in case of URBACT also Iceland and Lichtenstein. They provide a framework for exchanging experience between regional and local bodies in different countries. ERDF contribution: EUR 500 million.
