What are EU structural funds?
The European structural and investment funds are: European regional development fund, European social fund, Cohesion fund, European agricultural fund for rural development, European maritime and fisheries fund.
What are structural and cohesion funds used for?
The Structural Funds and Cohesion Fund will be used to finance regional policy between 2007 and 2013 in the framework of the three new objectives, namely: The “convergence” objective to accelerate the convergence of the least developed EU Member States and regions by improving growth and employment conditions.
What is the purpose of the EU Cohesion Fund?
The Cohesion Fund provides support to Member States with a gross national income (GNI) per capita below 90% EU-27 average to strengthen the economic, social and territorial cohesion of the EU.
How does EU funding work?
To be eligible for EU funding, your organisation usually needs to have: partners from at least 3 member states. match funding – this means you need to provide a certain amount of financing yourself to match the contribution from the EU (the rate varies according to the programme but is typically around 50%)
What funds are used by the European Union to finance the cohesion policy?
under the Cohesion Policy: the European Regional Development Fund (ERDF) the Cohesion Fund (CF) the European Social Fund Plus (ESF+)
What is the main purpose of the EU?
According to the European Union’s official website, the union’s purpose is to promote peace, establish a unified economic and monetary system, promote inclusion and combat discrimination, break down barriers to trade and borders, encourage technological and scientific developments, champion environmental protection.
What is Europe’s main source of income?
Services. The services sector is by far the most important sector in the European Union, making up 74.7% of GDP, compared to the manufacturing industry with 23.8% of GDP and agriculture with only 1.5% of GDP. Financial services are well developed within the Single Market of the Union.
WHO adopts the EU budget?
the European Parliament
How is the EU annual budget adopted? The annual EU budget is agreed by the Council and the European Parliament. The draft budget is proposed by the European Commission. 1.
What is the Cohesion Fund of the EU?
Cohesion Fund. The Cohesion Fund is aimed at Member States whose Gross National Income (GNI) per inhabitant is less than 90 % of the EU average. It aims to reduce economic and social disparities and to promote sustainable development.
What are the European structural and investment funds?
European Structural and Investment Funds Five main Funds work together to support economic development across all EU countries, in line with the objectives of the Europe 2020 strategy: European Regional Development Fund (ERDF) European Social Fund (ESF)
What is the Cohesion Fund 2021-2027?
For the 2021-2027 period, the Cohesion Fund concerns Bulgaria, Czechia, Estonia, Greece, Croatia, Cyprus, Latvia, Lithuania, Hungary, Malta, Poland, Portugal, Romania, Slovakia and Slovenia. 37% of the overall financial allocation of the Cohesion Fund are expected to contribute to climate objectives.
What is the new EU Cohesion Policy for 2014-2020?
The European Commission has adopted a draft legislative package which will frame cohesion policy for 2014–2020. The new proposals are designed to reinforce the strategic dimension of the policy and to ensure that EU investment is targeted on Europe’s long-term goals for growth and jobs (“Europe 2020”).