EU Cohesion Policy contributes to strengthening economic, social and territorial cohesion in the European Union. It aims to correct imbalances between countries and regions. It delivers on the Union’s political priorities, especially the green and digital transition.
What’s new for 2021-2027 ?
- Support to EU priorities: 5 policy objectives focused on key objectives and thematic concentration on those most relevant for a competitive and future-proof Europe
- Climate targets: weighted climate and environmental contribution of investments, minimum targets for funds, climate adjustment mechanism
- Greater empowerment of local, urban & territorial authorities in the management of the funds: dedicated policy objective implemented only through territorial and local development strategies
- Simplification: The new cohesion policy introduces one set single of rules for the eight Funds and a significant reduction in the amount of secondary legislation. This entails notably:
- Lighter and more frequent reporting
- Lighter controls for programmes: sharp reduction of management verifications, “single audit principle”, proportionate arrangements for audits
- Faster delivery: extended possibility to use simplified cost options (SCOs) and financing not linked to costs schemes
- End of Commission approval for major projects
- No more designation of management and control bodies
- Creating conditions for success: streamlined and clear enabling conditions to be respected throughout the whole programming period for reimbursement from the Union budget.
- Flexible programming adjusted to new challenges and emerging needs: allocation of flexibility amount only after mid term review of socio-economic situation and possible new challenges
- Reinforced visibility and communication provisions: requirements for beneficiaries and operations of strategic importance