Regulation (EU) No 1303/2013 of the European Parliament and of the Council of 17 December 2013 lays down common and general provisions on
- the European Regional Development Fund,
- the European Social Fund,
- the Cohesion Fund,
- the European Agricultural Fund for Rural Development and
- the European Maritime and Fisheries Fund,
while Regulation (EU) No 1300/2013 of the European Parliament and of the Council of 17 December 2013 lays down on the Cohesion Fund.
The Cohesion Fund is established for the purpose of strengthening the economic, social and territorial cohesion of the Union in the interests of promoting sustainable development.
The Cohesion fund aims at reducing economic and social shortfall, as well as stabilising the economy of Member States whose Gross domestic product (GDP) per inhabitant is less than 90 % of the EU average.
Scope of support from the Cohesion Fund
The Cohesion Fund shall, while ensuring an appropriate balance and according to the investment and infrastructure needs specific to each Member State, support:
- investment in the environment, including areas related to sustainable development and energy which present environmental benefits;
- Trans-European Transport Networks (TEN-T);
- technical assistance.
Total amount allocated is € 74 928,36 million (current prices).
Detailed information on the Cohesion fund are available on the Regional Policy website.