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MIL OSI Translation. Region: Germany / Deutschland –

Source: Federal Ministry for Economic Affairs and Energy

16/12/2020 – Press release – Structural Funds


The agreement reached between the German EU Council Presidency and the European Parliament on the EU cohesion package is in place. Today the ambassadors of the EU member states unanimously confirmed the agreement on the use of the financial resources for cohesion policy in the amount of approx. 400 billion euros over the next seven years. Federal Minister of Economics Peter Altmaier: Predictability for the countries and regions in Europe. We negotiated efficiently and were able to achieve results quickly because Parliament and the Council Presidency were aware of their great responsibility. There must be no delays in structural funding in times of the Corona crisis. Funding programs can now be launched. 400 billion euros for structural funding in Europe: That is a strong signal to strengthen cohesion and to overcome the Corona crisis. ”According to the motto of the German EU Council Presidency“ Together. Making Europe strong again. ”The Structural Funds play a key role in European crisis management. The European Regional Development Fund (ERDF), together with the Cohesion Fund with a total volume of around 260 billion euros, is the most important funding instrument for strengthening the competitiveness of the regional economy. The new funding period focuses on innovation and intelligent economic change, as well as climate and the environment. With the new Fund for a Just Transition, the Structural Funds also make a concrete contribution to the European Green Deal. Support can be given to the regions hardest hit by the transition to a climate-neutral economy. The deal marks the political conclusion of negotiations on the Structural Funds package. It is related to the agreement on the multiannual financial framework and the new European development instrument Next Generation EU. After the agreement in the Council, the European Parliament must now also confirm the results. The ordinances can formally come into force in the first half of 2021.


EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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