Guidelines on the application of the measures linking effectiveness of the European structural and investment funds to sound economic governance according to Article 23 of Regulation (EU) 1303/2013

Summary:

In the period 2014-20, support from the European Structural and Investment Funds (the ‘ESI funds’) is closely linked to the respect of EU economic governance. In the past, the conditions applicable for access to fund assistance was limited to one fund — the Cohesion Fund (Article 4 of Regulation (EC) 1084/2006), and to one economic governance procedure — the Excessive Deficit Procedure.

This linkage has been considerably strengthened. It is built on a reinforcement and broadening of the scope of economic governance in response to the economic and financial crisis, and on the objective of increasing efficiency of EU spending in a context of fiscal constraint. Article 23 of Regulation (EU) No 1303/2013, the Common Provisions Regulation (CPR) on the five ESI funds, lays down the provisions linking the effectiveness of the funds to sound economic governance.