How the EU budget is spent: Cohesion Fund

The Cohesion Fund is one of the European Structural and Investment Funds. Created in 1993, it supports large-scale investments in environmental sustainability, including through an increase in renewable energy use and energy efficiency, and in transport infrastructure, especially the trans-European transport networks. The Cohesion Fund is addressed exclusively to Member States with per capita gross national income of less than 90% of the EU average and have put in place a programme leading to the achievement of economic convergence. The Cohesion Fund's fourth edition is currently being implemented in 15 EU Member States: Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia and Slovenia.