On December 14, 2015, European Commission adopted a Communication on the contribution of the European Structural and Investment Funds (ESI Funds) to the EU’s growth strategy, the Investment Plan and the Commission’s priorities over the next decade. The report also includes the outcomes of the negotiations with all the Member States on Partnership Agreements and programmes and the key challenges per country.
“The ESI funds are increasingly needed as national and regional investments are declining. They robustly support Europe’s return to lasting prosperity, by targeting the most promising sectors, bringing more cohesion and convergence in the EU and helping regions and cities capitalize on the talent and ideas of their people. It is now up to the Member States to efficiently manage and invest the Funds, so they can reach the objectives detailed in the Communication,” Commissioner for Regional Policy Corina Creţu said.
For example, over 2014-2020, the Funds will invest EUR 121 billion in research & innovation, ICT and support to small businesses throughout Europe.Two million companies will be directly supported by the Funds, to boost their competitiveness and increase their research and innovation capacity. Reformed for the 2014-2020 period, the ESI Funds have a clear focus on four key growth-generating sectors: research & innovation, digital technologies, the support to the low-carbon economy and to small businesses. Performance-oriented and in line with the European Semester and Country Specific Recommendations, ESI Funds investments will establish the right conditions for quality projects to flourish, for businesses to thrive and for the people’s everyday life to improve, all leading to a new start in Europe.
In 2014-2020, EUR 454 billion from the EU budget – EUR 637 billion with national co-financing included – will be invested in Europe’s cities and regions through more than 500 ESI Funds programmes. The ESI Funds are an important part of public investments in the EU; between 2014 and 2016, the ESI Funds are expected to account for approximately 14% of total public investment on average, and to reach up to 70% in some Member States.
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