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The European Structural and Investment Funds (ESI Funds, ESIFs) are financial tools governed by a common rulebook, set up to implement the regional policy of the European Union, as well as the structural policy pillars of the Common Agricultural Policy and the Common Fisheries Policy. They aim to reduce regional disparities in income, wealth ...
The European Council meetings held in Lisbon, 26-27 June 1992, and Edinburgh, 11-12 December 1992, agreed the establishment of the Cohesion Fund. [2] This was formalized in 1993, as part of the Delors II package of the Treaty of Maastricht, with the goal of reinforcing the regional policy of the EU. [3]
The flag of Bulgaria next to the flag of Europe. Since its accession in the European Union in 2007, [1] Bulgaria has been part of the EU's Cohesion Policy.This program introduces financial instruments, also known as the European Structural and Investment Funds, which aim to reduce the gap between different regions of the EU and improve their economic wellbeing.
The European Social Fund was created in the founding Treaty of Rome in 1957. [1] It is the oldest of the European Structural and Investment Funds.It was established as a "remedial instrument" against the end of nationalist protectionism due to the advent of the European Economic Community.
In 1977, an aid programme to improve the fish processing industries was introduced by the EU as a part of the European Agricultural Guidance and Guarantee Fund (EAGGF). In 1993, it was split off to form a separate fund named the Financial Instrument for Fisheries Guidance (FIFG), [2] subsequently renamed European Fisheries Fund in 2007, transformed into the European Maritime and Fisheries Fund ...
The European Regional Development Fund, 2007–2013. The European Regional Development Fund (ERDF) is one of the European Structural and Investment Funds allocated by the European Union. Its purpose is to transfer money from richer regions (not countries), and invest it in the infrastructure and services of underdeveloped regions.
The European Investment Bank has given €44.7 billion to projects in cohesion areas for the European Union since 2021. Included in this is €24.8 billion in 2022 alone, or 46% of all EU signatures. From 2014 - 2020, they contributed a total of €123.8 billion to projects in cohesion areas.
Future links between structural reforms and EU cohesion policy. Conditionalities in Cohesion Policy. Digital Agenda and Cohesion Policy. The economic, social and territorial situation of Northern Ireland. Control and simplification of procedures within European Structural and Investment Funds (ESIF) Economic, social and territorial situation of ...