Non Legislative, European Commission, Economy, finance, tax and competition
On Thursday 18th April, the European Commission will give an overview of how EU Structural Funds are delivering across all EU policy areas in all Member States. The ‘Strategic Report’ on the implementation of 2007-13 Cohesion Policy programmes pulls together available information from Member States, based mostly on 2011 data and is an opportunity for the Commission to highlight important and timely messages on the potential of Cohesion Policy to play its part in the EU's economic recovery.
While there are 4 more years until closure of the programmes in 2015, so far investment under structural funds (European Development Fund, Cohesion Fund and European Social Fund) have directly led to progress and improvement in all areas of life.
The “Strategic Report” outlines the progress of each country on delivering EU objectives, in line with targets of the Europe 2020 Strategy. It encourages Member States to measure progress in key strategic sectors, such as research and innovation, rail, energy, capacity building, sustainable urban transport, job creation, and training.
Through its three Funds - the European Regional Development Fund (ERDF), the European Social Fund (ESF), and the Cohesion Fund - the EU is investing €347 billion in 2007-2013 in the 27 Member States. This represents 35% of the total EU budget for the same period (€975 billion).
The Report will be presented by Commissioner Hahn at the midday briefing.
IP and MEMO will be available on the day.