The EU is making available over €330 billion for regional and local projects in 2021-2027 through the structural funds to help reduce economic disparities and boost the recovery from the pandemic.
Member states’ ambassadors to the EU approved the legal texts governing the funds which amount to nearly one third of the EU’s seven-year budget, thereby confirming the political agreement reached with the European Parliament.
“Cohesion policy is at the heart of European solidarity because people can feel its impact on the ground. Regions, workers and companies benefit from it. The legislative package for the new programming period will support the EU’s recovery and the green and digital transitions.”
Nelson de Souza, Portuguese Minister for Planning
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