EU Financial Framework 2014-2020

The discussion and definition of the EU Multi annual Financial Framework 2014-2020 (MFF) is ongoing. The future scope and impact of EU policies will largely depend on the shape of the next MFF, the details of which are now under discussion, on the basis of the European Commission’s proposals submitted in June.

A wide array of information regarding the proposal is available at the EU websites, and dissemination has been performed. Of particular interest was the conference on this subject held in October 2011, in Brussels – video recordings are available online. Additionally this presentation summarizes the MFF proposal.

This document about the MFF proposal (formely ‘financial perspectives’) and EU budget evolution is particularly interesting, since it outlines the logic, sources of funds and orientations towards the future. The image bellow was extracted from the same document.

Actions taken with structural funds to promote growth

Actions taken with structural funds to promote growth

The European Commission over the last years has taken a range of actions to enhance growth through the use of structural funds, to counter the crisis and ensure a quicker delivery of available funding. Particular attention has been given to Member States which are currently receiving special macro-economic assistance, the so called programme countries (Ireland, Romania, Latvia. Portugal and Greece). For some other Member States a re-programming of funds has taken place, to be able to invest EU funding in sectors where a quick absorption of investments can take place. All these actions have been taken to ensure that, in the light of the existing operational programmes for structural funds, growth enhancing investments are done with a long term economic benefit.

An overview:

Increasing the rate of co-financing for programme countries
Advances for countries hardest hit by the crisis and more flexibility since 2009
Help employment with the European Social Fund
Special technical assistance for Bulgaria and Romania
Changing decisions on major projects
Greater and targeted support for small companies and using funds for guarantees and loans for Greece
Priority projects in Greece
Reprogramming to improve growth in vital sectors

New programme HORIZON 2020 (2014-2020)

Horizon 2020 is the financial instrument implementing the Innovation Union, a Europe 2020 flagship initiative aimed at securing Europe’s global competitiveness. Running from 2014 to 2020 with an €80 billion budget, the EU’s new programme for research and innovation is part of the drive to create new growth and jobs in Europe.

Horizon 2020 provides major simplification through a single set of rules. It will combine all research and innovation funding currently provided through the Framework Programmes for Research and Technical Development, the innovation related activities of the Competitiveness and Innovation Framework Programme (CIP) and the European Institute of Innovation and Technology (EIT).