Briefing 
 

Regional policy funds: an investment tool to boost local growth and jobs 

MEPs call on the EU Commission to table a plan to cut delays in EU-funded regional development projects, and stress that EU investment that spurs growth and creates jobs is needed now more than ever, in two draft resolutions to be debated on Wednesday and voted on Thursday.

In a resolution drafted by Iskra Mihaylova (ALDE, BG), MEPs call on the EU Commission to table a “cohesion acceleration plan” to cut delays in EU-funded projects aiming to reduce disparities among EU regions by stimulating growth and job creation.

 

EU regional (“cohesion”) policy investment drives development and delivers jobs, notes a resolution drafted by Lambert Van Nistelrooij (EPP, NL), which argues that these projects, as well as those financed by European Structural Investment Funds (ESIFs) should be made more visible.


Background information


With a budget of €454 billion for 2014-2020, the European Structural and Investment Funds (ESI Funds) are the EU's main investment policy tool, accounting for about one third of EU expenditure. Due to the financial crisis, public investment has declined substantially, leaving ESI Funds and co-financing by the member states as the main public investment tool in most member states. In some, ESI funding makes up 60-80% of total public investment.

 

Procedure: non-legislative resolution,oral question to the Commission with a resolution

2016/2148(INI)

2016/30088(RSP)

Debate:  Wednesday 15 February

Vote:  Thursday 16 September


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