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Report shows European Structural and Investment Funds have European added value by supporting investment and helping companies, workers and citizens in coping with the pandemic

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The European Commission has published the 2021 Summary Report on the Implementation of the European Structural and Investment Funds (ESI Funds). The report presents the cumulative achievements of the ESI Funds for the 2014-2020 period by the end of 2020. The ESI Funds amount to €461 billion over the 2014-2020 period. Complemented by national co-financing, these funds have triggered so far an overall investment of €640 billion (excluding the REACT-EU resources) to foster lasting socio-economic convergence, a smooth green and digital transition, resilience, and territorial cohesion.

Executive Vice President Valdis Dombrovskis said: “The European Structural and Investment Funds provide real European added value through tailored growth-enhancing investments for regional development. Throughout 2020, the ESI funds were a frontline response to the coronavirus pandemic. ESI funds allowed workers to keep their jobs, businesses to survive and healthcare facilities to cope with unprecedented pressure. In the future, ESI funds will continue to play their part in reducing regional disparities and promoting long-term growth and a fair, digital and green recovery in the EU.”

Cohesion and Reforms Commissioner Elisa Ferreira (pictured) said: “In 2020, the cohesion policy adapted quickly and with great flexibility, to provide a swift response to the public health crisis. Through the CRII package, adopted just a few month after the pandemic outbreak, cohesion policy offered immediate liquidity and financial support to regions and Member States. At the same time, implementation in the main priority areas for sustainable and inclusive growth continued to progress with investments in innovation, research, climate, employment and SMEs, among others.”

A press release with more information is available online.

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