Already €130 billion delivered into Europe’s real economy under the European Structural and Investment Funds

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Publication Date 20/12/2016
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Summary:

On the 20th December 2016, for the first time, the European Commission issued a progress report covering the five Funds. It shows a sharp acceleration in investments over the last months, with an implementation expected to reach cruising speed in 2017.

Further information:

According to this report, by the end of 2015, 274 000 businesses received support under the 2014-2020 European Structural and Investment Funds (ESIF); 2.7 million people benefited from assistance in finding a job or developing skills; the biodiversity of 11 million hectares of agricultural land was improved and one million EU-funded projects were selected, for a total value of almost €60 billion. This figure doubled over nine months, and by the autumn of 2016, almost €130 billion had been invested in small businesses, research, broadband, energy efficiency and thousands of other projects focusing on the priorities of the EU's growth and jobs strategy.

In addition to this report, the Commission launched on the 20 December 2016 an upgraded version of the Cohesion Open Data platform. This website, resulting from the Commission's commitment to accountability and transparency, is now enriched with new sections to show the performance of ESI Funds investments and measure target achievement.

Source Link http://europa.eu/rapid/press-release_IP-16-4421_en.htm
Alternative sources
  • http://europa.eu/rapid/press-release_IP-16-4421_en.pdf
Related Link(s)
ESO Records
Cohesion Policy 2014 - 2020. Investing in growth and jobs http://www.europeansources.info/record/cohesion-policy-2014-2020-investing-in-growth-and-jobs/

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