Negotiations between EU institutions regarding the future Multiannual Financial Framework for 2021-2027, which will determine the share of EU budget allocated to Cohesion Policy and thus to Interreg programmes are ongoing.
With a budget of €8 050 million, the 6th generation of Interreg will support cooperation between regions, citizens and economic stakeholders over their respective land and maritime borders.
The main elements from the compromise of 2 December 2020 include:
- €1 467 million allocated for transnational cooperation
- A specific EU co-financing rate of 80% agreed upon in the Common Provisions Regulation.
- Provisions on thematic concentration, including an obligation to support measures contributing to the achievement of the European Green Deal as well as measures falling under the European Social Fund Plus Regulation, between internal land borders. They also encourage new specific objectives under Interreg, aiming in particular to make Europe safer and more secure.
- Flexibility provisions facilitating the support to small projects, including people-to-people actions.
- A complete and flexible set of support to technical assistance, tailored to the needs of each type of programme.
Following the political agreement of 10 November 2020 between the European Parliament, EU Member States in the Council as well as the Commission on the next long-term EU budget and NextGenerationEU, the legal adoption of the Multiannual Financial Framework (MFF) Regulation, the NextGenerationEU regulation along with the amendment of the Own Resources Decision is now needed.
Once adopted, the EU's long-term budget, coupled with the NextGenerationEU initiative, which is a temporary instrument designed to drive the recovery of Europe, will be the largest stimulus package ever financed through the EU budget. A total of €1.8 trillion will help rebuild a post-coronavirus Europe. It will be a greener, more digital and more resilient Europe.