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Multiannual financial framework adopted and recovery package
January 2021
On 17 December 2020, the EU Council adopted the regulation laying down the EU’s multiannual financial framework (MFF) for the years 2021-2027. Combined with the “Next Generation EU” recovery instrument, it will enable the EU to provide funding of an unprecedented amount of €1,800 billion to support the recovery after the Covid-19 pandemic and the EU’s long-term priorities.
The cohesion policy budget for 2021-2027 will amount to €330 billion (in 2018 prices). In addition, four of the five texts relating to 2021-2027 cohesion policy were adopted, notably the regulation laying down common provisions, the regulation concerning the ERDF and the regulation on European Territorial Cooperation (ETC, Interreg programmes).
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Photo : European Union, 2015
