What are the European Structural and Investment Funds
The European Structural and Investment Funds are financial instruments managed by the European Commission, whose purpose is to provide structural support.
In December 2013, the European Commission (COM) published the Regulations representing the legislative package on the Cohesion Policy for the period of 2014 – 2020, namely:
The Common Provisions Regulation laying down common provisions on all funds which are part of the Common Strategic Framework (General Regulation)
- European Regional Development Fund (ERDF);
- European Social Fund (ESF);
- Cohesion Fund (CF);
- European Agricultural Fund for Rural Development (EAFRD);
- European Maritime and Fisheries Fund (EMFF);
- Sectoral regulations on ERDF, CF, ESF, European Territorial Cooperation and European Grouping of Territorial Cooperation.
The EU allocation for Romania for the programming period 2014-2020 is about EUR 39 billion, of which the structural and cohesion funds represent about EUR 21 billion.