Cohesion Fund (2014-20)
This regulation sets out the objectives for the EU’s Cohesion Fund for the funding period 2014-20. The Fund is one of the EU's financial instruments that aim to narrow the disparities in development between the regions.
ACT
Regulation (EU) No 1300/2013 of the European Parliament and of the Council of 17 December 2013 on the Cohesion Fund and repealing Council Regulation (EC) No 1084/2006.
SUMMARY
The Cohesion Fund provides support for the poorer regions of the EU with a view to promoting growth, employment and sustainable development. Member States with a gross national income (GNI) per inhabitant below 90 % of the EU average are eligible for funding from the Cohesion Fund. The ceiling for the Cohesion Fund's contribution to public expenditure in the Member States is set at 85 %.
Fields of activity
The Cohesion Fund co-finances action to:
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develop trans-European transport networks;
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further the EU’s environmental objectives, i.e. the promotion of energy efficiency and renewable energy and support for sustainable transport projects which do not form part of trans-European transport networks;
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provide technical assistance.
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Investment priorities include projects that promote:
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a low-carbon economy;
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climate change adaptation, risk prevention and management;
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environmental protection/conservation.
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sustainable transport and removing bottlenecks.
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A total of EUR 10 billion will be available in the funding period 2014-20 to co-finance transport infrastructure projects of European added value provided for in the Connecting Europe Facility Regulation (No 1316/2013)
Eligible expenditure
Eligibility is decided at national level. However, the following types of expenditure are not eligible for Cohesion Fund financing:
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the decommissioning or the construction of nuclear power stations;
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investment to achieve the reduction of greenhouse gas emissions from activities covered by the Emissions Trade Scheme (ETS);
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housing (except for energy efficiency or renewable energy use);
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the manufacturing, processing and marketing of tobacco;
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help to companies in difficulty;
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investment in airport infrastructure (unless related to environmental protection or accompanied by measures to mitigate negative environmental impact).
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The regulation must be reviewed by 31 December 2020.
REFERENCES
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Act |
Entry into force |
Deadline for transposition in the Member States |
Official Journal |
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Regulation (EC) No 1300/2013 |
21.12.2013 |
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OJ L 347 of 20.12.2013 |
RELATED ACTS
Commission Implementing Decision 2014/99/EU setting out the list of regions eligible for funding from the European Regional Development Fund and the European Social Fund and of Member States eligible for funding from the Cohesion Fund for the period 2014-2020 (OJ L 50 of 20.2.2014).
Regulation (EU) No 1303/2013 of the European Parliament and of the Council laying down common 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 and laying down general provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund and the European Maritime and Fisheries Fund and repealing Council Regulation (EC) No 1083/2006 (OJ L 347 of 20.12.2013).
Last updated: 17.04.2014