Press Releases EPP Group: More EU money for less-developed regions

EPP Group: More EU money for less-developed regions

Negotiators of the European Parliament and EU Member States reached a deal late yesterday evening on new rules for the disbursement of seven different EU funds.

“Agreed! After two years of negotiations, during four Presidencies of the Council and two terms of the European Parliament, Member States now finally have clarity on the programming, implementation and closure of their programmes”, declared Andrey Novakov MEP, EPP Group Spokesman in the Committee on Regional Development.

The new rules are part of the modernisation of the European Cohesion Policy for the years 2021-2027. The Common Provisions Regulation (CPR) sets out a single rulebook for the European Regional Development Fund, the Cohesion Fund, the European Social Fund+, the European Maritime and Fisheries Fund, the Asylum and Migration Fund, the Internal Security Fund and the Border Management and Visa Instrument.

“Finally, we can start to plan the budget of over €330 billion. I am glad to see an agreement on what was first demanded by the European Parliament: 85 percent EU co-financing for the less developed regions. There will now be less pressure on central and municipal budgets in these times of recovery”, concluded Novakov.

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