New rules for drawing on funds
MEPs support a proposal to regulate the rules for the European Regional Development Fund, the Cohesion Fund and the Just Transition Fund. The new framework is intended to allow member states to shift funds to where they are most needed, for example in times of energy crises or geopolitical threats.
The changes are designed to strengthen the EU's ability to cope with unexpected events and better support areas that are key to the Union's future. These include the transition to clean energy, digitisation and strengthening the defence industry.
According to Parliament, the reform does not mean an increase in the overall budget, but a more efficient allocation of the funds already approved. The aim is to simplify the rules, reduce the administrative burden and enable regions to draw down money more quickly and efficiently.
The text will now go to the Member States for further negotiations. If the institutions agree, the new rules will enter into force during this budget period.
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