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The impact of the Multiannual Financial Framework (MFF) 2014-2020 on EU Cohesion Policy

The impact of the Multiannual Financial Framework (MFF) 2014-2020 on EU Cohesion Policy. MFF: More Europe for the same money. MFF fully geared to support the objectives of the Europe 2020 strategy

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The impact of the Multiannual Financial Framework (MFF) 2014-2020 on EU Cohesion Policy

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  1. Theimpact of the Multiannual Financial Framework (MFF) 2014-2020 on EU Cohesion Policy

  2. MFF: More Europe for the same money • MFF fully geared to support the objectives of the Europe 2020 strategy • Budget limited in size (i.e. commitment level of 2013 x 7 years = € 1033 Billion in 2011 prices = 1.08 % of EU GNI)

  3. A significant share for Cohesion Policy (1/3 of total budget)

  4. New architecture of Cohesion Policy • Three categories of regions • Less developed regions (GDP per capita < 75% of EU average) • Transition regions (GDP per capita between 75% and 90%) • More developed regions (GDP per capita > 90%) • Cohesion Fund for Member States with GNI per capita <90% • Territorial cooperation (3 strands: cross-border, transnational, interregional cooperation)

  5. Success of Cohesion Policy: 31 million inhabitants in 15 regions move out of the Convergence objective

  6. Budget for Cohesion Policy post 2013

  7. On the basis of latest GNI figures, Cyprus will benefit from phasing-out of Cohesion Fund

  8. Thankyou for your attention!

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